Business
BLVD Residential Expands Relationship with Pagaya's Darwin Homes, Adds 1,000 Homes to Darwin's Platform
Following Pagaya’s acquisition of Darwin Homes, expanded partnership with BLVD Residential to accelerate growth of Pagaya’s SFR business NEW YORK--(BUSINESS
About this update from Pagaya Technologies Ltd.
[{"type":"text","content":"\nFollowing Pagaya’s acquisition of Darwin Homes, expanded partnership with BLVD Residential to accelerate growth of Pagaya’s SFR business\n\n\n NEW YORK--(BUSINESS WIRE)--\nDarwin Homes, Inc. (“Darwin”), a leading proptech single-family residential platform and a wholly-owned subsidiary of Pagaya Technologies Ltd. (NASDAQ: PGY) (\"Pagaya\"), announced today that BLVD Residential, an asset management firm focused on residential real estate, has moved to deepen their relationship with Darwin’s property management business and began adding 1,000 homes to Darwin's innovative platform starting in June 2023.\n\n\nDarwin Homes' unrivaled end-to-end software platform, coupled with its superior integrated operations and data-driven ethos, powered by Pagaya’s AI and machine learning capabilities, is establishing itself as the gold standard in the proptech industry. Pagaya acquired Darwin Homes earlier this year, combining Pagaya’s core AI technology and data network with Darwin’s proprietary software, integrated operations and mobile app. Through this partnership with Darwin, BLVD Residential will tap into their newly combined technology stack and have access to the premier, full-service offering at scale, driven by data-centric decision-making.\n\n\nBLVD Residential was co-founded by Marcus Ridgway, one of the founders and former COO of Invitation Homes, a pioneer of the single-family rental (SFR) industry. Darwin Homes was started by two founding members of DoorDash, Ryan Broderick and Zach Kinloch. As trailblazers in their respective fields, Darwin and BLVD Residential share a commitment to delivering exceptional service to its residents, investors and service providers.\n\n\nThe strengthened commercial partnership with BLVD Residential will enable both companies to accelerate investment growth and technology capabilities. By adding approximately 1,000 homes to Darwin's best-in-class technology platform, the partnership further amplifies Darwin's market presence and positions the company for accelerated growth. Darwin Homes’ proprietary technology optimizes single-family rental management end-to-end for BLVD Residential, streamlining operations, and enhancing the overall tenant experience. By leveraging artificial intelligence, advanced analytics and automation, Darwin Homes ensures maximum efficiency and transparency while maintainin...