US: Flexible-lease apartment network Landing has secured $180 million in debt financing to scale its multifamily platform.
Landing’s multifamily platform, which launched in 2023, allows owners to access nationwide demand for flexible accommodations. Landing handles the listings and resident communications through to move-in, move-out, and turnovers.
Last year, the company added thousands of new apartments across more than 300 properties.
The new capital will enable Landing to scale its national portfolio of fully-furnished accommodations, on-the-ground customer service team, sales force, and marketing engine.
Bill Smith, founder and CEO of Landing, said: “Landing offers people a level of freedom, consistency, and convenience they can’t find anywhere else. No matter where they go – for however long – we guarantee they can feel at home with the accommodations, amenities, and locations they love.
“We’ve grown tremendously over the past year, allowing us to provide our multifamily partners with incremental revenue to help them achieve higher profitability on their assets. As we build on this momentum, we’re focused on growing our network and providing greater optionality and value to our customers and partners alike.”
Highlights:
• Landing enables multifamily property owners to tap into short-term rental demand.
• The company has secured $180 million in debt financing to fuel national expansion of its multifamily partner network.
• Thousands of units across more than 300 properties were added to the platform in 2023.
• New capital will enhance furnished housing offerings, customer support, and marketing reach.
