Start-up Stay Open, which will operate pod hotels from converted retail and office spaces, has secured $2 million in seed funding.

The financing from Square Mile Capital Management refinanced existing construction debt for the new 348-unit, The Rise Flagler Village.

With nearly $500 million in committed capital, the closed-end Madison Square Structured Debt Fund will originate bridge loans collateralized by institutional-quality assets.

The majority of Gen Z renters believe apartment technology is essential in their apartment and community.