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Landing has closed a $125-million Series C through a combination of new equity and debt financings.

Apartment “Subscription” Company Secures $125M in New Funding

Birmingham, AL-based Landing has closed a $125-million Series C through a combination of new equity and debt financings. The company is a membership model that offers move-in ready apartments with monthly leases; members can move freely throughout its nationwide network with only a two-week notice.

The round was led by Delta-v Capital with participation from new and existing investors, including Greycroft and Foundry. J.P. Morgan Securities LLC acted as Sole Placement Agent on the financing.

The fresh capital follows the company’s expansion into 33 markets and a 380% increase in memberships over the past year amid consumer interest in flexible living options. So far in 2022, there have been more reservations booked in the Landing network than all of 2021.

Landing will use the funding to continue expanding its network of 20,000 furnished apartments across more than 375 US cities to meet the growing demand for this emerging lifestyle.

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About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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