Doorvest Acquires Rubik To Bring Institutional Real Estate Acquisitions Capabilities To Everyday Investors

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SAN FRANCISCO--(BUSINESS WIRE)--Jan 15, 2025--

Doorvest, a full-service real estate investing platform designed to simplify the process of owning passive income rental homes, is thrilled to announce its acquisition of Rubik. Rubik, a leader in leveraging advanced data science and machine learning to source off-market single-family rental (SFR) deals, has built a reputation as a trusted partner for institutional investors. This acquisition strengthens Doorvest’s mission to make real estate investing simple, accessible, and profitable for everyone.

Since the launch of their institutional SFR marketplace in 2021, Rubik has been at the forefront of data-driven real estate investing, using advanced machine learning and analytics to source and acquire off-market homes tailored to buyer needs. The Rubik marketplace counts some of the largest SFR buyers in the country as its customers and has helped transact hundreds of single family homes nationwide. By integrating Rubik’s cutting-edge analytics, robust partnerships, and sourcing engine, Doorvest will significantly accelerate its ability to meet growing customer demand with high-quality, off-market deals.

“This acquisition is a game-changer for Doorvest, enabling us to acquire more high-quality homes for our customers and move closer to becoming a fully integrated real estate investment platform,” said Andrew Luong, CEO and co-founder of Doorvest. “Rubik shares our vision for democratizing real estate investing for everyday individuals and gears our customers with institutional grade acquisitions in a tight real estate market.”

With this acquisition, Doorvest plans to:

• Source more exclusive, high-quality real estate deals for investors
• Double annual acquisition volume to meet rising customer demand
• Expand into new markets to provide a broader range of investment opportunities

"We couldn’t be more excited about joining the Doorvest team. This acquisition is a perfect fit—bringing Rubik’s institutional grade data-driven sourcing and underwriting tools into the hands of everyday investors through Doorvest’s streamlined platform,” said Amar Sehic, CEO and co-founder of Rubik. “We’ve seen firsthand the difficulties everyday investors face when sourcing opportunities in the current high-interest rate environment and having to compete with the large SFR REITs. For Doorvest customers, this acquisition will help level the playing field and provide a significant advantage in building wealth through exclusive access to better deals and an expanded inventory of high-potential properties."

Doorvest customers will immediately benefit from expanded off-market inventory sourced through this acquisition.

About Doorvest

Doorvest is a leading real estate investing platform that simplifies the process of buying, financing, and managing investment properties. By offering end-to-end solutions, Doorvest empowers individuals to build wealth through real estate with ease and confidence.

About Rubik

Rubik empowers investors to build institutional-grade single-family rental portfolios with just a few clicks. The company uses data science and machine learning to identify and acquire proprietary investment opportunities for REITs, Hedge Funds and Family Offices who are looking to build Single Family Rental (SFR) portfolios of hundreds of homes. Rubik provides dozens of institutional buyers with a transparent, scalable, plug and play acquisitions platform while providing liquidity to local rental home investors.

View source version on businesswire.com:https://www.businesswire.com/news/home/20250115473309/en/

Doorvest PR |[email protected]| 408 332 0762

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: COMMERCIAL BUILDING & REAL ESTATE TECHNOLOGY CONSTRUCTION & PROPERTY FINANCE FINTECH REIT ELECTRONIC COMMERCE PROFESSIONAL SERVICES SOFTWARE RESIDENTIAL BUILDING & REAL ESTATE

SOURCE: Doorvest

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PUB: 01/15/2025 10:00 AM/DISC: 01/15/2025 09:57 AM

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