SAN FRANCISCO (March 20, 2018) – RealtyShares, a leading online marketplace for commercial real estate investing, today announced it is featured by Airbnb as a financing resource in its Multifamily Properties Toolkit, a website that gives owners, operators and developers of multifamily buildings resources to support long-term tenants who wish to share their space with travelers. RealtyShares provides experienced multifamily building owners and operators financing to buy, refinance, and renovate their buildings.
Landlords can now manage Airbnb activity in their buildings and share in the additional rental income with the Airbnb Friendly Buildings Program. As a result, multifamily property owners have become increasingly interested in helping their tenants improve and share their space on Airbnb.
“Home sharing is good for landlords, good for tenants and good for travelers,” said Jaja Jackson, Airbnb’s Director of Multifamily Housing Partnerships. “Adding home sharing as an option is just another way buildings can attract and retain tenants.”
RealtyShares excels at financing unique opportunities and emerging concepts, including multifamily development projects that offer long-term rentals units that can be easily shared with travelers. Traditional capital providers do not usually participate in this sector. RealtyShares raises capital for these projects through a mix of institutional funds and capital from accredited investors investing through its platform.
“RealtyShares’ biggest strength is our non-traditional mentality,” said Bill Lanting, Vice President of Debt Originations for RealtyShares. ”Landlords are increasingly interested in offering home sharing as an option for their tenants. We see a big opportunity to create value for the multifamily housing community by financing properties that are adopting this model.”
In 2017, RealtyShares helped finance more than 80 multifamily properties from Miami to Phoenix, each going through an extensive due diligence process by their experienced team to ensure it met the company’s rigorous standards. These complex and creative financing opportunities make up the core of the RealtyShares investment marketplace, which has deployed more than $700 million dollars across over 1,000 projects in 39 states.
Financing through RealtyShares is one of many resources that Airbnb is providing for the multifamily industry. Property owners interested in the program can visit Airbnb’s multifamily website <https://multifamily.withairbnb.com/> and select financing or visit https://fund.realtyshares.com/airbnb for more information.
RealtyShares is transforming the real estate investment landscape by connecting real estate project sponsors to debt and equity capital from accredited and institutional investors. Private investments are highly illiquid and risky and are not suitable for all investors. Through the RealtyShares website, these investors can browse investment opportunities, perform due diligence, invest online and gain 24/7 access to an investor dashboard to watch how their investments are performing. RealtyShares offers securities through North Capital Private Securities Corporation, member FINRA/SIPC. For more information on how to become a real estate investor or to seek capital through the RealtyShares marketplace, please visit www.realtyshares.com.