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Apartment List s Valuation Hits $600 Million Amid Pandemic Boost
Apartment List’s Valuation Hits $600 Million Amid Pandemic Boost Bloomberg 12/21/2020 Gillian Tan and Katie Roof © Bloomberg Residential apartment buildings in the Marina neighborhood of San Francisco, California, U.S., on Tuesday, Oct. 20, 2020. The median monthly rate for a studio in San Francisco tumbled 31% in September from a year earlier to $2,285, compared with a 0.5% decline nationally, according to data released Tuesday by Realtor.com. (Bloomberg) Apartment List, a rental platform, has raised $50 million in a funding round led by Janus Henderson Investors. It roughly doubled its prior valuation to more than $600 million. The investment comes as Apartment List’s business gains momentum.
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