Doorvest, a full-service real estate investing platform designed to simplify the process of owning passive income rental homes, announced the acquisition of Rubik.
Rubik, a leader in utilizing advanced data science and machine learning to source off-market single-family rental (SFR) deals, has a reputation as a trusted partner for institutional investors. This deal strengthens Doorvest’s mission to make real estate investing simple, accessible, and profitable for everyone.
Since launching its institutional SFR marketplace in 2021, Rubik has been at the forefront of data-driven real estate investing, utilizing advanced machine learning and analytics to source and acquire off-market homes tailored to buyer needs. The Rubik’s 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 accelerate its ability to meet growing customer demand with high-quality and off-market deals.
With this deal, 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
KEY QUOTES:
“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. 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.”
- Andrew Luong, CEO and co-founder of Doorvest
“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. 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.”
- Amar Sehic, CEO and co-founder of Rubik
