Tech-centered property management company Poplar Homes has acquired Venture REI’s single-family for-rent property management portfolio, adding 152 homes in Scottsdale to the company’s national expansion. Short-term rental and investment client portfolios were not part of the transaction.
Poplar’s Greg Toschi commented, “We are excited to enter Phoenix market which is home to some of the largest single family for rent operators in the country. Our model combines technology with experienced on ground property management teams and Venture’s local expertise, allowing mom and pop investors compete with large institutional investors.” Poplar currently manages 15,000 properties across 17 states in 25 markets with plans to expand into 20 new markets reaching 30,000 doors by 2023.
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