RealServus Acquires Property.ca, Including Condos.ca and MrLoft.ca, Capturing Greater Share of Residential Real Estate Market | Business and finance
TORONTO–(BUSINESS WIRE)–March 10, 2022–
RealServus today announced the acquisition of online brokerage Property.ca, which includes the Condos.ca and MrLoft.ca brands. These brands complement RealServus’ focus on bringing together proven brands of residential real estate and ancillary services under one umbrella. Each brand will benefit from enhanced access to capital, technology and industry expertise as it evolves under the RealServus ownership banner.
RealServus acquires Property.ca (Graphic: Business Wire)
Launched in 2014, Property.ca along with its Condos.ca and MrLoft.ca brands have quickly risen through the real estate ranks to become the primary tools used to research and analyze all homes and condos for sale and rent in the area. Greater Toronto Area. With over one million registered users on the site and over $1 billion in sales volume over the past year, the brokerage firm is focused on inventing new tools, implementing innovative new technologies and the continued introduction of better ways to guide consumers and their agents about their real estate. travel.
With the backing of investors, including a significant investment from Round13 Capital, RealServus is Canada’s leading private company focused on increasing market share in the residential real estate industry. This latest acquisition adds to a growing portfolio of proven brands and ancillary service providers supporting the industry.
“We are thrilled to bring Property.ca and its more than 250 productive agents under the RealServus umbrella, as they embody our company values and the offering we provide,” said Ron Peddicord, President and Co- founder of RealServus. “The technology and innovation that powers each site is revolutionary. And now, under the RealServus umbrella, we can provide the capital investment needed to fuel continued technology innovation and add services and expertise to help them thrive. These investments will help them become the nation’s most advanced lead generation technology brokerage and expand into new market segments, including new construction.
Property.ca and its associated brands will continue to be Toronto’s premier property search tools.
“The residential real estate and proptech sectors have been on our radar for some time now, and we are excited to partner with RealServus to build the leading platform in the space,” said Brahm Klar, Partner at Round13 Capital. “The RealServus team shares our vision of the potential of this market and has the experience to seize the opportunity.”
Peddicord added, “This acquisition is a major step in our plan to invest in individual proptech-enabled brands in the Canadian residential real estate market.”
The transaction has been completed, the terms of which were not disclosed.
RealServus is Canada’s leading proptech investment and management services company. Together with its strategic technology and capital investment partners, RealServus acquires and transforms residential real estate brands through its expertise, technology and investments to accelerate growth. RealServus brands include Real Access Capital, RealServus Brokerage Services Division, Property.ca, Condos.ca and Mr.Loft.ca.
KEYWORD: NORTH AMERICA CANADA
SECTOR KEYWORD: TECHNOLOGY RESIDENTIAL BUILDING & REAL ESTATE INTERNET CONSTRUCTION & REAL ESTATE
Copyright BusinessWire 2022.
PUBLISHED: 03/10/2022 09:11 AM/DISC: 03/10/2022 09:11 AM
Copyright BusinessWire 2022.