MILL VALLEY, Calif., October 6, 2021 / PRNewswire / – Redwood Trust, Inc. (NYSE: RWT), a leader in expanding access to housing for buyers and renters, today announced the company’s investment in Herd outbreaks, a real estate technology startup that optimizes the rental property experience for individuals through an integrated platform that transparently and tax-efficiently converts landlords into passive investors. The investment was made through Redwood’s RWT Horizons venture capital arm, which targets early stage and mid-term companies transforming industries such as fintech and real estate.
“Flock has the potential to revolutionize the way rental properties are owned by small and medium-sized landlords.”
Ryan mcbride, Chief Investment Officer of RWT Horizons, commented, “We are delighted to partner with Flock as our investment aligns with Redwood’s positive long-term vision on disruptive real estate technologies and our commitment to working with teams of leading direction. Ari and his team have developed a highly innovative business model that applies directly to a massive subset of the multi-trillion dollar single-family rental market – Flock has the potential to revolutionize the way rental properties are owned by small and medium-sized owners. success in the greatest Denver market and we look forward to their expansion into other markets in the United States in 2022. ”
Through the deployment of Flock’s technology platform, owners of individual rental properties can trade property for stocks in a professionally managed portfolio of homes without incurring taxable events. Owning a Flock Managed Portfolio, owners receive stable income, diversify risk, and raise cash without the burdens and hassles of traditional ownership. To do this, Flock uses the 721 Exchange, formalized by the Internal Revenue Code, which was historically only used at the institutional level. Flock is the first company to offer this solution to owners of individual rental housing.
Ari rubin, Founder and CEO of Flock Homes, added, “We are delighted to partner with Redwood. Our investment philosophies and perspectives on the industry are aligned, and we are equally passionate about transforming the rental property landscape. Their investment has significant strategic value. to the growth of Flock. Being able to leverage Redwood’s BPL marketing infrastructure and its extensive network of relationships will help us support and expand our future product development. , tenants and communities. “
About Redwood Trust
Redwood Trust, Inc. (NYSE: RWT) is a specialty finance company focused on several distinct areas of mortgage lending. Our operating platforms occupy a unique position in the housing finance value chain, providing liquidity to growing segments of the US housing market not served by government programs. We offer personalized home loan investments to a diverse mix of investors, through our premier securitization platforms; full loan distribution activities; and our publicly traded stocks. Our consolidated investment portfolio has evolved to incorporate a diverse mix of residential, commercial and multi-family investments. Our goal is to provide attractive returns to shareholders through a stable and growing stream of earnings and dividends, capital appreciation and a commitment to technological innovation that facilitates the risk-driven ladder. Since our IPO in 1994, we have managed our business through several cycles, building a track record of innovation and a reputation for top-notch service, and a sensible approach to credit investing. Redwood Trust is managed internally and structured as a Real Estate Investment Trust (“REIT”) for tax purposes. For more information on Redwood Trust, visit our website at www.redwoodtrust.com or contact us on LinkedIn, Twitter, Where Facebook.
About RWT Horizons
RWT Horizons is Redwood’s venture capital investment arm focused on early stage and mid-term companies that drive innovation in financial and real estate technologies, digital infrastructure and other related areas of interest. Investments made through RWT Horizons are designed to support companies whose technologies contribute to Redwood’s broader operations, including its residential and commercial lending platforms.
About Flock Homes
Flock Homes is a real estate technology company that offers a sophisticated investment approach to owners of individual rental properties. Flock’s digital platform allows homeowners to easily and seamlessly convert rental properties into shares in a managed portfolio of homes to optimize ownership and performance. For more information on Flock Homes, visit www.flockhomes.com.
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Lisa hartman – SVP, Head of Investor Relations
Email: [email protected]
Sard Verbinnen & Co
Email: [email protected]
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SOURCE Redwood Trust, Inc.