Entrata, a Lehi, UT-based operating system for multifamily communities, received a $200m minority investment from funds managed by Blackstone at a $4.3 billion valuation.
This investment will allow the company to bring technology to an expanded footprint of owners, operators and residents.
Led by Adam Edmunds, CEO, Entrata is an operating system for multifamily communities worldwide offering solutions for every step of the leasing lifecycle and empowers owners, property managers, and residents to create stronger communities. Its suite of solutions offers a centralized platform for managing various aspects of a property, including accounting, purchasing, facilities, and leasing, among others. These offerings can efficiently handle tasks such as tracking work orders, managing finances, and processing online payments. Additionally, Entrata’s resident portal fosters better communication and self-service options for residents, helping support increased satisfaction and loyalty. Entrata’s recent innovations include ELI+, a fully integrated platform that modernizes leasing, payments and renewals, and Homebody, a first-of-its-kind solution to cultivate resident engagement, retention and, with the addition of Homebody Rewards, loyalty.
The company currently serves over twelve million residents across over 35 thousand multifamily communities around the globe.
FinSMEs
15/05/2025