Tech-centered property management company Poplar Homes has acquired Venture REI’s single-family for-rent property management portfolio. The acquisition adds 152 homes in Scottsdale to the company’s property management portfolio as part of its national expansion.
Venture REI’s short-term rental and investment client property management portfolios were not part of the transaction.
Poplar’s Greg Toschi added, “We’re thrilled to be entering the Phoenix market, which is home to some of the largest single-family for-rent operators in the country. The combination of Poplar’s model, which leverages technology with experienced on-the-ground property management teams, and Venture’s local expertise levels the playing field for the mom and pop investors competing with large institutional investors.” Poplar currently has 15,000 rental properties under management in 25 markets across 17 states and plans to expand to 20 new markets and reach 30,000 doors in 2023.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.