Entrata, a leading operating system for multifamily communities, today announced a $200 million minority investment from funds managed by Blackstone at a $4.3 billion valuation. This investment comes as Entrata is moving forward on its next chapter of growth, serving the rental housing industry through innovative technology that streamlines operations for property managers and elevates the living experience for millions of residents.

“Over twelve million residents in properties across the largest property management portfolios in the world utilize the Entrata operating system,” said Adam Edmunds, CEO of Entrata. “This investment from Blackstone represents a powerful alignment of capital and expertise that will allow us to bring world-class technology to an expanded footprint of owners, operators and residents. We appreciate Blackstone’s partnership as we drive towards new levels of efficiency and expand the level of experience residents can expect across the rental housing ecosystem.”

Brian Dunlap, a Managing Director at Blackstone, said: “We are pleased to invest in Entrata as they continue to expand their technology solutions for the property management industry. We are excited about the opportunity to partner with Adam and his talented team as they drive continued innovation to help further improve the client and resident experience.”

Over the past two decades, and especially following a majority investment from Silver Lake in 2021 and further supported by Blackstone’s investment today, Entrata has emerged as a leader in property management technology, building a comprehensive operating system in rental housing.

Source