{"id":449345,"date":"2021-03-03T07:33:35","date_gmt":"2021-03-03T12:33:35","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=449345"},"modified":"2021-03-03T07:33:35","modified_gmt":"2021-03-03T12:33:35","slug":"jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/","title":{"rendered":"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock"},"content":{"rendered":"<div class=\"xn-newslines\">\n<h2 class=\"xn-hedline\">Roofstock will purchase Stessa from JLL as the companies forge a commercial partnership to expand Roofstock&#8217;s global reach and enhance JLL&#8217;s residential offerings<\/h2>\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p \/>\n<p>\n        <span class=\"xn-location\">CHICAGO<\/span> and <span class=\"xn-location\">OAKLAND, Calif.<\/span>, March\u00a03, 2021 \/PRNewswire\/ &#8212;\u00a0JLL (NYSE: JLL) today announced a multi-faceted transaction with <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=2162632192&amp;u=https%3A%2F%2Fwww.roofstock.com%2F&amp;a=Roofstock\" rel=\"nofollow noopener noreferrer\">Roofstock<\/a>, an innovative proptech and leading online marketplace in the dynamic single-family rental (SFR) sector. The deal includes a strategic minority investment in Roofstock by JLL and commercial partnership that enables JLL to expand its service offerings in the residential sector. As part of the deal, Roofstock also purchased <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=339589172&amp;u=https%3A%2F%2Fwww.stessa.com%2F&amp;a=Stessa\" rel=\"nofollow noopener noreferrer\">Stessa<\/a>, the leading asset management software-as-a-service solution for SFR investors, which had been owned by JLL&#8217;s technology division, <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=418378229&amp;u=https%3A%2F%2Fwww.jllt.com%2F&amp;a=JLL+Technologies\" rel=\"nofollow noopener noreferrer\">JLL Technologies<\/a>\u00a0(JLLT), since <span class=\"xn-chron\">January 2018<\/span>.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/487047\/JLL_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/487047\/JLL_Logo.jpg\" title=\"(PRNewsfoto\/JLL-IR)\" alt=\"(PRNewsfoto\/JLL-IR)\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p>&#8220;The single-family rental asset class is seeing strong demand from our investor clients \u2013 both private and increasingly institutional \u2013 and this investment\u00a0 will position our teams to offer unique insights and access to opportunities in this space,&#8221; said <span class=\"xn-person\">Richard Bloxam<\/span>, CEO, Capital Markets of JLL.<\/p>\n<p>&#8220;We are excited by Roofstock&#8217;s scalable, data-driven platform servicing both retail and enterprise SFR clients as well as the deeply accomplished and experienced team. We see a strategic investment coupled with a commercial partnership as the best approach to offer state-of-the-art services to our investors seeking SFR exposure,&#8221; said <span class=\"xn-person\">Yishai Lerner<\/span>, Co-CEO, JLLT.<\/p>\n<p>The transaction is strategic for both parties. Through this commercial partnership, JLL can now immediately offer clients the ability to access the U.S. SFR market at scale, backed by a robust suite of services that deliver a near seamless transaction and portfolio management experience. The incorporation of Roofstock&#8217;s &#8220;real estate investing cloud&#8221; into JLL&#8217;s existing enterprise\u00a0enables JLL&#8217;s clients to invest in U.S. residential real estate at scale, speed and with precision. Roofstock will also gain access to JLL&#8217;s global footprint to fuel its continued growth, creating a new pipeline of activity that benefits all users of its real estate marketplace.<\/p>\n<p>&#8220;We are excited to work together with JLL to help service JLL&#8217;s clients in the SFR space, and accelerate Roofstock&#8217;s domestic growth and global expansion,&#8221; said <span class=\"xn-person\">Gary Beasley<\/span>, co-founder and CEO of Roofstock and 30-year real estate veteran. &#8220;We are also thrilled to welcome the talented Stessa team to Roofstock and are excited to integrate their asset management and accounting software into our retail product offerings. The relationship with JLL directly supports our efforts to make real estate investing more seamless and accessible.&#8221;<\/p>\n<p>Stessa is a natural addition to the Roofstock marketplace and a strong complement to the existing suite of services Roofstock offers investors. Roofstock will make Stessa available to the high volume of investors who transact through the proptech&#8217;s platform each month. With more than 170,000 properties on the platform representing over <span class=\"xn-money\">$45 billion<\/span> in assets, Stessa is fast becoming one of the most popular personal financial applications for rental property owners. Using Stessa, investors can automate income and expense tracking, maximize profits with visual dashboards and detailed reports, and save time with tax-ready financials. <\/p>\n<p>&#8220;We are thrilled to join forces with Roofstock, which is leading the way in making the single-family rental asset class more accessible to investors,&#8221; said <span class=\"xn-person\">Heath Silverman<\/span>, co-founder and CEO, Stessa. &#8220;Stessa can leverage Roofstock&#8217;s proprietary data to help investors make smarter, more informed decisions and seamlessly buy and sell properties through Roofstock&#8217;s marketplace. Together, we will be able to offer comprehensive owner services saving investors both time and money throughout every stage of the real estate ownership lifecycle.&#8221;<\/p>\n<p>The acquisition by JLL in 2018 and subsequent incubation enabled Stessa to expand its platform and reach, becoming one of the leading solutions available to rental property owners.<\/p>\n<p>\n        <b>About Roofstock<br \/><\/b><br \/>\n        <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=6115545&amp;u=https%3A%2F%2Fcts.businesswire.com%2Fct%2FCT%3Fid%3Dsmartlink%26url%3Dhttps%253A%252F%252Fwww.roofstock.com%252F%26esheet%3D52154867%26newsitemid%3D20200108005565%26lan%3Den-US%26anchor%3DRoofstock%26index%3D2%26md5%3D5997651700e8b7ab3db2e9d130924cdc&amp;a=Roofstock\" rel=\"nofollow noopener noreferrer\">Roofstock<\/a>\u00a0is the leading marketplace for investing in the <span class=\"xn-money\">$4 trillion<\/span> single-family rental home sector. The company provides extensive resources for investors to buy, own and sell real estate online, including data analytics, property management oversight and other tools. Roofstock&#8217;s transparent, innovative marketplace empowers investors to own cash-flowing rental properties, diversify their investment portfolios and build long-term wealth through real estate. Founded in 2015, the company has facilitated more than <span class=\"xn-money\">$2 billion<\/span> in transaction volume through its marketplace to date. Roofstock was named as one of Fast Company&#8217;s Most Innovative Companies in 2020, and has earned a spot on the prestigious Forbes Fintech 50 for the past two years.<\/p>\n<p>\n        <b>About JLL Technologies<br \/><\/b>JLL Technologies (JLLT) is a division of JLL, a world leader in real estate services, that helps organizations transform the way they acquire, operate, manage and experience space. JLLT is a first-of-its-kind team combining builders of high-growth tech companies and commercial real estate experts. Its comprehensive technology portfolio of purpose-built solutions and leading venture-backed companies exceed industry demands for better business intelligence, workplace experience and smart building platforms. Learn more at\u00a0<a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=1033870542&amp;u=https%3A%2F%2Fwww.jllt.com%2F&amp;a=www.jllt.com\" rel=\"nofollow noopener noreferrer\">www.jllt.com<\/a>.<\/p>\n<p>\n        <b>About JLL<br \/><\/b>JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of <span class=\"xn-money\">$16.6 billion<\/span>, operations in over 80 countries and a global workforce of more than 91,000 as of <span class=\"xn-chron\">December 31, 2020<\/span>. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit <a target=\"_blank\" href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=3084285-1&amp;h=2012209464&amp;u=http%3A%2F%2Fwww.jll.com%2F&amp;a=jll.com\" rel=\"nofollow noopener noreferrer\">jll.com<\/a>.<\/p>\n<p>\n        <b>Media Contacts<br \/>JLL<br \/><\/b><br \/>\n        <span class=\"xn-person\">Gayle Kantro<\/span><br \/>\n        <br \/>+312 228 2795\u00a0\u00a0 <br \/><a target=\"_blank\" href=\"mailto:gayle.kantro@am.jll.com\" rel=\"nofollow noopener noreferrer\">gayle.kantro@am.jll.com<\/a>\u00a0<\/p>\n<p>\n        <b>JLL Technologies<br \/><\/b><br \/>\n        <span class=\"xn-person\">Laurel Cifala<\/span><br \/>\n        <br \/>\n        <a target=\"_blank\" href=\"mailto:JLLT@edelman.com\" rel=\"nofollow noopener noreferrer\">JLLT@edelman.com<\/a>\u00a0<\/p>\n<p>\n        <b>Roofstock<br \/><\/b><br \/>\n        <span class=\"xn-person\">Suresh Srinivasan<\/span><br \/>\n        <br \/>\n        <a target=\"_blank\" href=\"mailto:pr@roofstock.com\" rel=\"nofollow noopener noreferrer\">pr@roofstock.com<\/a>\u00a0<\/p>\n<p>\u00a0<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder2\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/1448144\/Roofstock_Logo.html\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/1448144\/Roofstock_Logo.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/c212.net\/c\/img\/favicon.png?sn=CL96609&amp;sd=2021-03-03\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"http:\/\/www.prnewswire.com\/news-releases\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock-301239074.html\">http:\/\/www.prnewswire.com\/news-releases\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock-301239074.html<\/a><\/p>\n<p>SOURCE  JLL-IR<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CL96609&amp;Transmission_Id=202103030730PR_NEWS_USPR_____CL96609&amp;DateId=20210303\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Roofstock will purchase Stessa from JLL as the companies forge a commercial partnership to expand Roofstock&#8217;s global reach and enhance JLL&#8217;s residential offerings PR Newswire CHICAGO and OAKLAND, Calif., March\u00a03, 2021 \/PRNewswire\/ &#8212;\u00a0JLL (NYSE: JLL) today announced a multi-faceted transaction with Roofstock, an innovative proptech and leading online marketplace in the dynamic single-family rental (SFR) sector. The deal includes a strategic minority investment in Roofstock by JLL and commercial partnership that enables JLL to expand its service offerings in the residential sector. As part of the deal, Roofstock also purchased Stessa, the leading asset management software-as-a-service solution for SFR investors, which had been owned by JLL&#8217;s technology division, JLL Technologies\u00a0(JLLT), since January 2018. &#8220;The single-family rental asset class is seeing &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-449345","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Roofstock will purchase Stessa from JLL as the companies forge a commercial partnership to expand Roofstock&#8217;s global reach and enhance JLL&#8217;s residential offerings PR Newswire CHICAGO and OAKLAND, Calif., March\u00a03, 2021 \/PRNewswire\/ &#8212;\u00a0JLL (NYSE: JLL) today announced a multi-faceted transaction with Roofstock, an innovative proptech and leading online marketplace in the dynamic single-family rental (SFR) sector. The deal includes a strategic minority investment in Roofstock by JLL and commercial partnership that enables JLL to expand its service offerings in the residential sector. As part of the deal, Roofstock also purchased Stessa, the leading asset management software-as-a-service solution for SFR investors, which had been owned by JLL&#8217;s technology division, JLL Technologies\u00a0(JLLT), since January 2018. &#8220;The single-family rental asset class is seeing &hellip; Continue reading &quot;JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-03-03T12:33:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/487047\/JLL_Logo.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock\",\"datePublished\":\"2021-03-03T12:33:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/\"},\"wordCount\":925,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/487047\\\/JLL_Logo.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\\\/\",\"name\":\"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock - 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/","og_locale":"en_US","og_type":"article","og_title":"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock - Market Newsdesk","og_description":"Roofstock will purchase Stessa from JLL as the companies forge a commercial partnership to expand Roofstock&#8217;s global reach and enhance JLL&#8217;s residential offerings PR Newswire CHICAGO and OAKLAND, Calif., March\u00a03, 2021 \/PRNewswire\/ &#8212;\u00a0JLL (NYSE: JLL) today announced a multi-faceted transaction with Roofstock, an innovative proptech and leading online marketplace in the dynamic single-family rental (SFR) sector. The deal includes a strategic minority investment in Roofstock by JLL and commercial partnership that enables JLL to expand its service offerings in the residential sector. As part of the deal, Roofstock also purchased Stessa, the leading asset management software-as-a-service solution for SFR investors, which had been owned by JLL&#8217;s technology division, JLL Technologies\u00a0(JLLT), since January 2018. &#8220;The single-family rental asset class is seeing &hellip; Continue reading \"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/","og_site_name":"Market Newsdesk","article_published_time":"2021-03-03T12:33:35+00:00","og_image":[{"url":"https:\/\/mma.prnewswire.com\/media\/487047\/JLL_Logo.jpg","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock","datePublished":"2021-03-03T12:33:35+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/"},"wordCount":925,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/#primaryimage"},"thumbnailUrl":"https:\/\/mma.prnewswire.com\/media\/487047\/JLL_Logo.jpg","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/jll-launches-commercial-partnership-and-strategic-investment-in-sfr-proptech-leader-roofstock\/","name":"JLL launches commercial partnership and strategic investment in SFR proptech leader Roofstock - 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