Fetch Package, a last-mile package delivery company for apartment communities, has raised $50 million in a Series C round of funding and closed on a $10 million venture debt facility. Michael Patton founded Fetch in May 2016 after being frustrated by having packages lost where he was living.
Entrata has released the results of its Renters on the Move survey, which aims to capture how the COVID-19 pandemic affected American renters’ decisions about their living situations—including how much space they lived in, how much they paid for it, and priorities around location and amenities.
SmartRent has more residential units installed and states served than all of its competitors combined. In addition, SmartRent intends to leverage Fifth Wall’s investor base of international real estate owners as the company expands into Western Europe, Japan, Southeast Asia, and more.
The off-site package management solution for apartment communities, Fetch, has surpassed the 5 million mark in direct-to-door package deliveries nationwide. The milestone illustrates not only Fetch’s exponential growth, but also the continuation of e-commerce’s influence.
The insurtech start-up LeaseLock is breaking new ground. The company has officially surpassed $1 billion in leases insured, an impressive milestone that comes only five months after the company achieved $500 million in leases insured.
As the nation hit the one-year mark of COVID-19 lockdowns, two multifamily leaders shared lessons learned and what’s ahead for the future during last week’s Multifamily Executive Virtual Summit. Communication with staff and residents has taken on more importance over the past year.
Multifamily owners and operators have been put to the test like never before due to the pandemic-induced economic fallout. Pegasus Residential recently announced it would expand into new markets like Denver and Salt Lake City, with the company already managing more than 33,000 units across 40 markets.
Fetch, an off-site package solution for multifamily communities, predicts that the onslaught of packages will be a lasting effect of the pandemic. Year-over-year package numbers increased by 39% in March and 48% in April, but then skyrocketed 58% in May and 63% in June.
With more residents spending more time at home during the pandemic, and fewer venturing out to the store for basic supplies, operators have been faced with a flood of packages that has made every week feel like the holiday rush, turning every day into Parcel Armageddon.
SightPlan has announced its acquisition of InfoTycoon, a digital due diligence provider. SightPlan intends to use InfoTycoon’s existing due diligence to extend its existing service platform. This will allow the platform to provide a combined solution that covers the entire property life cycle.