The company plans to deploy capital on new acquisitions. Placemakr, a flexible-use multifamily and hospitality operator, has raised $65 million in new funding.
Placemakr, a flexible-use multifamily and hospitality operator, today announced $65M in new funding, surpassing $350M in total capital raised. This announcement comes alongside the appointment of Timothy G. Franzen, former president of Graduate Hotels, to its C-suite. Placemakr s property operations model drew funding participation from venture capital and major real estate investors alike, including Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, Gaw Capital USA, and more.