ShortTermRentalz spoke to Stay Alfred founder and CEO, Jordan Allen, about the swathe of companies operating under master lease models and the challenges facing platforms in the multifamily industry.
Since so many industries collide with the built environment, monitoring the startup landscape can be daunting. To move up the learning curve the fastest, we believe firms new to the space should partner with those that already have the knowledge and networks in PropTech.
Stay Alfred, the nation’s leading provider of travel apartments, announced today the addition of two new downtown Miami locations, marking the 33rd domestic destination for the company.
Through our vertically integrated structure, as a VC and through our partners that own and operate a variety of real estate asset types, we have a precise understanding of the hardships real estate teams face...
In this post we’ll explore how Stay Alfred plans to give back to their loyal guests as well as the importance of customer retention that’s applicable to companies outside of the STR space.
This week I had the opportunity to present some of the technology trends and companies we’re seeing for the Mortgage Banker Association in Washington DC.
Over the past few years, PropTech has experienced an explosion of space-as-a-service startups. These businesses are optimizing real estate assets and re-inventing how employers manage their offices, employees travel and people rent their living space.
Co-living provides an affordable, convenient and managed housing solution in the best locations for those renters moving to cities who are cost conscious and with no community base.
At Nine Four Ventures, we are excited for this sector to take flight. There will be endless conversations about the pros and cons for both the owners/developers and renters but as I see it, the value it will provide to the diverse demographic of today’s renters will be invaluable.
Today’s modern workplace is shifting towards a more dynamic, fast changing and disparate environment. As a result, high growth startups need to keep up and provide the newest and best office amenities to keep employee retention high and churn low in this competitive recruiting marketplace.
Stay Alfred, the nation’s leading provider of travel apartments, announced their expansion into Nashville’s SoBro (south of Broadway) neighborhood with the addition of Stay Alfred SoBro.
The concept of self-touring (a prospective renter or home buyer tours the property on their own, without an agent) has been around for a long time, but with the help of smart locks, smart home devices, and software integrations, we are seeing the true potential of self-touring.
The Future of Work – that is, the new paradigm of interactions between workers, jobs or employment arrangements, and their physical/virtual workspaces – has significant implications for the Real Estate sector.
WeWork is an example of a company that’s spent a ton of money on technology and acquisitions yet is still challenged daily on whether it’s actually a tech company.
This year’s AIM (Apartment Innovation and Marketing) Conference takes place on May 5-8th in Huntington Beach, CA. We are thrilled to be participating on the panel “Don’t Build It, Invest In It: The New Operator Approach to Technology”.
Stay Alfred, the nation’s leading provider of travel apartments, announced today their expansion into Atlanta’s Sweet Auburn neighborhood with the addition of Stay Alfred at Dwell ATL.
The round included existing investors Index Ventures and Nyca Partners, as well as Regions Bank, Canapi Ventures and Nine Four Ventures, and brings Built’s total funding to $55 million.
...the lack of formidable software tools available to contractors, subcontractors and suppliers exacerbates major manual pain points around purchase orders, invoices, receipts and liens. Today, we’re going to take a deeper dive into those downstream challenges and potential solutions.
Stay Alfred, the nation’s leading provider of travel apartments, is continuing to expand in downtown Philadelphia by tripling the number of properties over the past year to a total of nine, including recent additions The Sansom and The Point in the Rittenhouse Square area.
In a space where technology is still uncharted territory, but also celebrated, where can startups make the most impact and how will agencies benefit?
We believe that Stay Alfred, and other short term operators, have a similar opportunity as WeWork and that master leasing units is just the beginning.
The construction industry is massive. It’s one of the largest sectors of the global economy representing $5 trillion in payments annually, with the US construction industry representing a $1T market.
As demographics evolve and consumers demand more and better travel apartments, short-term rental operators like Stay Alfred have been growing their portfolios by taking master leases for dozens of rooms in luxury multifamily buildings.
To achieve the goal of reducing the globe’s net greenhouse gas emissions to zero percent by 2050, we need the vast majority of commercial property owners to become more energy efficient with a focus on renewable energy sources.
Stay Alfred has become the largest travel apartment provider in the U.S. by proving their property stabilization model does boost NOI while eliminating vacancy loss for multifamily developers.
Today, it can be argued that it is easier to start a software company than ever before, as infrastructure (ie AWS, APIs, micro-services, open source, etc) needed to start a software company is more readily available and cost effective than ever.
It is our vertically-integrated approach combined with our trusted LP base that enables us to provide creative, flexible investment solutions and always keep the best interests of portfolio company founders at heart.
Underwriting software needs to be flexible in order to achieve mass adoption. Prior to joining Nine Four Ventures, I spent 8+ years in multifamily and commercial real estate acquisitions, where I underwrote nearly $10B in transactions.
The advancement of machine learning is undeniably valuable as we look at technologies being conceptualized within the RE space. Whether it be for residential, multifamily, or commercial, the growth potential it creates is something we at Nine Four feel strongly about.
This week I had the opportunity to speak at the CREtech conference in NY, and I think the experience I had at the event is representative of where the PropTech space stands at the moment: lots of momentum, lots of excitement, and a lot of unknowns.
Modular home builders benefit from many cost savings and pass along some of those to prospective buyers. Manual labor is traditionally the biggest expense associated with every construction project.
As we are in the early innings of real estate technology adoption, we are seeing new tech-enabled platforms enter the space. Many of these platforms are challenging the traditional incumbents in the space, ranging from service providers to hardware to property management systems.
Owning a home is the American Dream. It represents a path to financial freedom and is typically the largest single asset an individual owns.
In the “amenities arm race” of the multifamily industry, one often overlooked amenity is providing reliable, fast internet to residents. Internet needs to work immediately when a resident moves in to their new home.
Marketing professionals in today’s multifamily space can all agree that standing out is a full-time job. Understanding where processes can be more streamlined may potentially answer some fundamental questions when building technology around this category.