CHICAGO, June 27, 2024 /PRNewswire/ -- ProperXPM, the
leader in tech-enabled experiential property management, is excited
to announce a significant expansion backed by funding of up to
$100 million. This strategic roll-up
of multifamily property management companies aims to revolutionize
the property management landscape across the United States.
The company has already completed multiple transactions since its
inception in December of 2023. The initiative is supported by
private equity firm TriSpan and powered by Livly®, the
industry-leading PropTech operating system.
Transforming Property Management with Technology and
Efficiency
ProperXPM is dedicated to delivering low-cost, high-efficiency
management solutions that free up time and resources for property
owners. By leveraging advanced technology and centralized support,
ProperXPM enhances the resident experience while significantly
increasing net operating income.
"ProperXPM is setting a new standard in property management,"
said Brian Duggan, CEO of ProperXPM.
"Our tech-forward approach not only optimizes operations but also
enriches the resident experience, creating value for property
owners and investors alike."
Key Benefits of ProperXPM's Tech-Forward Approach:
- Higher Rent and Increased Resident Retention: Innovative
solutions drive higher rental rates and foster a sense of
community, leading to improved retention.
- Enhanced Efficiency and Additional Revenue Streams: Centralized
back-office support and streamlined processes boost staff
efficiency and unlock new revenue opportunities.
- Significant NOI Growth: Asset owners can expect a 5-10%
increase in NOI through increased revenue and operational
efficiency.
Nationwide Expansion with Proven Leadership
ProperXPM's leadership team is committed to excellence and
innovation, inspiring confidence and fostering resilience. The
team's proven track record is further strengthened by TriSpan's
history and successful backing of DHV Plus, Germany's leading residential property
management platform.
Opportunity for Property Management Companies/Asset
Owners
Property management companies and asset owners with a management
company arm interested in joining ProperXPM's platform are offered
unique opportunities for immediate liquidity and long-term value
creation through an optional co-investment. For asset owners,
ProperXPM values long term branding and offers a white-label
marketing program to maintain consistent resident engagement under
the property owner's brand voice.
About ProperXPM
Founded in December 2023, ProperXPM is a private
equity-backed consolidation platform in the multifamily property
management sector. Committed to offering a unique resident
experience, ProperXPM drives value by enhancing building operations
and boosting Net Operating Income (NOI) for property owners through
its experiential property management (XPM) services. Poised for
national expansion through acquisition, ProperXPM provides selling
business owners an opportunity for immediate liquidity as well as
further upside and long-term value creation through a partnership
model underpinned by shared ownership of the platform. Learn more
at properxpm.com.
About TriSpan
Founded in 2015, TriSpan is a private
equity firm with offices in New
York and London that
invests in lower middle market companies in North America, Europe, and the United Kingdom with annual revenues typically
ranging from $20-100 million and/or
EBITDA of $2-20 million. TriSpan is
committed to creating value through using a combination of deep
operational and financial resources to accelerate growth and drive
improved performance. Since inception, the firm has completed 22
platform investments, as well as over 85 bolt-on acquisitions for
its portfolio companies. For more information, please visit the
firm's website at www.trispanllp.com.
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SOURCE ProperXPM