Property management software solutions leader Inhabit announced a preferred equity investment led by Blackstone Tactical Opportunities with an additional investment from Greater Sum Ventures (GSV). And Blackstone joins GSV and existing institutional investors Goldman Sachs, Insight Partners and PSG as shareholders in Inhabit.
This increased backing from Blackstone, and GSV emphasizes their support of Inhabit’s growth trajectory and reinforces the company’s potential to drive innovation and improvements in the property management technology industry.
With the backing of Blackstone, GSV’s additional investment, and the continued support of Inhabit’s equity partners, Inhabit is well-positioned for improving its product offerings and deliver exceptional technology solutions to property management companies.
In connection with the deal, Jefferies and Goldman Sachs provided financial advisory services to Inhabit. And Guggenheim Securities acted as the exclusive financial advisor to Blackstone and GSV.
KEY QUOTES:
“We are thrilled to welcome Blackstone as part of our investor base. This investment represents a tremendous vote of confidence in Inhabit’s potential and positions us to expand our capabilities, elevate customer experience, and drive new levels of success across the residential and vacation property management industries.”
– Lisa Stinnett, CEO of Inhabit
“Since Inhabit’s founding in 2016, GSV has been a proud partner in its journey, and we are excited to continue investing as the company moves to the next level. This next phase is an exciting opportunity to further support Inhabit’s growth and innovation in the property management industry.”
– Ross Croley, CEO and Founder of GSV
“We are excited to support Inhabit’s growth journey and innovative approach to property management technology. We look forward to investing in Inhabit as they continue to enhance their platform and expand their presence across the industry. Our investment reflects our confidence in Inhabit’s ability to continue delivering excellent solutions in this dynamic space.”
– Shary Moalemzadeh, a Senior Managing Director at Blackstone, and Dawn Hu, a Managing Director at Blackstone
