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Less than a decade ago, startups valued at $1 billion or more were so rare so mythical even that the tech world took to calling them unicorns. In 2013, there were just 39 such magical creatures, a number that has since surged to more than 600.
Residential real estate, a longtime tech desert, had but a couple over the years.
But in the last eight months, four proptech startups focused on the residential industry have hit valuations of $1 billion or more. Three others – Airbnb, Compass and Lemonade – have gone public. Another 10 have plans to merge with blank-check firms, in deals valued collectively at $38.5 billion. Investment in technology aimed at streamlining how we buy and sell homes has exploded. Buyers can view homes without stepping foot in the property, get approved for a mortgage online, obtain title insurance in minutes and notarize documents remotely. iBuyers are enticing customers to sell their homes lock, stock and barrel with
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Mynd Management Expands Leadership Team and Adds PropTech Expert to Board
Top SFR innovator sees opportunity to capitalize in the space, will expand access for both institutional and retail investors
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OAKLAND, Calif., April 12, 2021 /PRNewswire/ Tech-enabled real estate management company Mynd Management is announcing four new strategic executives to its team as the company stands poised for incredible growth in the rapidly expanding single-family rental (SFR) space. There are now more renters than homeowners
in roughly half of America s major cities an increase of more than 20% over 15 years, and a potential new source of returns for real estate investors. But while there are
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