Houst: Realty Corporation Invests in Houst

Realty Corporation Invests in Houst Submitted 09/02/2021 - 3:49pm Realty Corporation has made a capital investment into Houst, formerly AirSorted, a provider of lettings management services for Airbnb and other customer-facing serviced residential online lettings platforms. Already a prominent global professional hosting service with over 6,000 homes under management and covering 12 countries around the world, Houst aspires to become an essential partner for property owners in need of a smart, hassle-free and automated solution for home-sharing. Realty's investment in Houst aligns with its strategy to source, invest in and accelerate the growth of companies that offer innovative solutions, enabled by technology, to inefficiencies in the real estate industry. Realty focuses on start-ups and growth businesses with the aim to deliver a meaningful, positive impact on the built environment through efficiency, transparency, and the use of advanced analytics to improve the customer experience or commercial procurement process. Following a challenging period for the hospitality, travel and tourism industries, Realty believes that Houst is poised to continue on its trajectory of sustained growth. Houst's proprietary technology empowers property owners to maximise the use of home-sharing platforms such as Airbnb, Booking.com and HomeAway/Expedia while taking care of time-consuming tasks such as guest management, the check-in/out process, as well as cleaning and maintenance of the units. Houst brings to life a one-stop shop that enhances the home-sharing experience, whilst growing revenues to the hosts. Jonathan Lurie, Managing Partner at Realty Corporation, says: "We are delighted to have invested in Houst, a company with terrific potential in the short-term lettings management space. With over 250,000 bookings across five continents, this leading platform is well-positioned as it continues to scale up. The recent successful IPO of AirBnB, for whom Houst is one of the largest third-party managers, underscores the strong conviction within the investment community to back alternative residential service providers. With an energetic growth strategy, as well as a user-friendly interface for both landlords and guests, we are excited to be supporting Houst with additional liquidity to position the business for the next stage of its expansion plans." James Jenkins-Yates, Founder and CEO at Houst, says: "Having investors such as Realty and Pi Labs believe in our vision, further supports our goals of growth in the management letting space. We are delighted to welcome Realty Corporation on board." Author Profile Tags Deals & Transactions Investments