JLL is taking a strategic minority investment in Roofstock, an online marketplace in the single-family rental sector, in a multi-faceted partnership that also includes Roofstock's purchase of Stessa, an asset management software-as-a-service product for SFR investors, which had been owned by JLL's technology division, JLL Technologies since January 2018.

The partnership will allow JLL to offer clients the ability to access the US SFR market at scale, while Roofstock will be able to tap JLL's global footprint for continued growth and "create a new pipeline of activity", according to the two companies' announcement. 

This asset class is of increasing importance to JLL. Last month, for instance, it created a dedicated team to handle investment sales in the space. 

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Erika Morphy

Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.