Advertiser Disclosure

advertising disclaimer
Skip to main content
house for rent

Roofstock Acquires Stessa As Part of JLL Investment

Mar 08, 2021 by Jeff Piltch
Get our 43-Page Guide to Real Estate Investing Today!

Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide.

*By submitting your email you consent to us keeping you informed about updates to our website and about other products and services that we think might interest you. You can unsubscribe at any time. Please read our Privacy Statement and Terms & Conditions.

JLL (NYSE: JLL) announced that it will be making an investment in single-family proptech start-up Roofstock. As part of the deal, Roofstock will be acquiring Stessa, an asset management software platform for single-family investors.

The single-family residential market

The single-family residential market has been hot to say the least. Earlier this year, we saw powerhouse Blackstone (NYSE: BX) signal that it was getting back into the single-family game when it announced a $1.6 billion acquisition of home design firm Logic Group Holdings.

And now another real estate dynamo, JLL, is betting big on the future of single-family.

More on Roofstock

Roofstock is a marketplace for investing in the single-family rental home sector. Since its founding in 2015, Roofstock has facilitated over $2 billion in transaction volume. Roofstock states that their platform "lets everyone from first-time investors to global asset managers evaluate, purchase, and own residential investment properties with confidence from anywhere in the world."

JLL will use Roofstock to bolster its single-family investment opportunities for clients. Co-CEO of JLL Technologies Yishai Lerner explained the decision, saying, "We are excited by Roofstock's scalable, data-driven platform servicing both retail and enterprise SFR (single-family residential) clients as well as the deeply accomplished and experienced team. We see a strategic investment coupled with a commercial partnership as the best approach to offer state-of-the-art services to our investors seeking SFR exposure."

How Stessa fits in

Stessa is a back-office software platform designed specifically for managing real estate investments. The company has over 170,000 properties listed, representing over $45 billion in assets.

A marriage with Roofstock makes a lot of sense because it connects an investment marketplace with a back-office management system specifically designed for the industry. Roofstock's CEO Gary Beasley explained, "We are also thrilled to welcome the talented Stessa team to Roofstock and are excited to integrate their asset management and accounting software into our retail product offerings. The relationship with JLL directly supports our efforts to make real estate investing more seamless and accessible."

The Millionacres bottom line

Single-family rentals continue to gain interest from institutional investors. Back In 2012, Warren Buffett famously said that he would buy up "a couple hundred thousand" single-family homes if he could. Proptech firms like Roofstock are taking us to a place where that doesn't just sound like hyperbole.

Unfair Advantages: How Real Estate Became a Billionaire Factory

You probably know that real estate has long been the playground for the rich and well connected, and that according to recently published data it’s also been the best performing investment in modern history. And with a set of unfair advantages that are completely unheard of with other investments, it’s no surprise why.

But those barriers have come crashing down - and now it’s possible to build REAL wealth through real estate at a fraction of what it used to cost, meaning the unfair advantages are now available to individuals like you.

To get started, we’ve assembled a comprehensive guide that outlines everything you need to know about investing in real estate - and have made it available for FREE today. Simply click here to learn more and access your complimentary copy.

The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.