ProperXPM, a leader in tech-enabled experiential property management, announced a significant expansion backed by funding of up to $100 million. This strategic roll-up of multifamily property management companies aims to transform the property management landscape across the US.
And the company has already completed multiple transactions since founded in December of 2023. And the initiative is supported by private equity firm TriSpan and powered by Livly, the industry-leading PropTech operating system.
ProperXPM is focused on delivering low-cost, high-efficiency management solutions that free up time and resources for property owners. By utilizing advanced technology and centralized support, ProperXPM enhances the resident experience while significantly increasing net operating income.
The key benefits of ProperXPM’s approach include:
1.) Innovative solutions drive higher rental rates and foster a sense of community, leading to improved retention.
2.) Centralized back-office support and streamlined processes boost staff efficiency and unlock new revenue opportunities.
3.) Asset owners can expect a 5-10% increase in NOI through increased revenue and operational efficiency.
4.) Nationwide expansion
Property management companies and asset owners with a management company are interested in joining ProperXPM’s platform are offered unique opportunities for immediate liquidity and long-term value creation through an optional co-investment. And 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.
KEY QUOTES:
“ProperXPM is setting a new standard in property management. Our tech-forward approach not only optimizes operations but also enriches the resident experience, creating value for property owners and investors alike.”
- Brian Duggan, CEO of ProperXPM
