Great Jones, a residential rental property management platform catered towards small-scale landlords, has been acquired by Roofstock, an investment platform for single-family rentals. Terms of the transactions were not disclosed. “Roofstock is unequivocally the leader in making rental investing easy and accessible. We share its vision and are excited to join forces,” remarked Jay Goldklang, CEO and cofounder of Great Jones. “The combined Great Jones and Roofstock team is unmatched in experience and scale — together, we will serve investors throughout their lifecycles and across more markets, bringing them a holistic digital platform and capabilities that have historically only been available to large investors.”
Roofstock is unequivocally the leader in making rental investing easy and accessible. We share its vision and are excited to join forces. The combined Great Jones and Roofstock team is unmatched in experience and scale — together, we will serve investors throughout their lifecycles and across more markets, bringing them a holistic digital platform and capabilities that have historically only been available to large investors. – Jay Goldklang
Founded in 2017 by Goldklang, Abigail Besdin, and Dave Diaz, Great Jones had raised $30M in total equity funding. Backers of the company include Crosslink Capital, AlleyCorp, Jason Finger, Juxtapose, Kevin Ryan, Dave Eisenberg, David Rosenblatt, and Lerner Enterprises.
“We are excited to announce the acquisition of Great Jones, which represents our second acquisition this year and third since our founding. I’m particularly thrilled to welcome Great Jones founders Jay Goldklang and Abigail Besdin and the rest of the team to provide our customers with technology that is proven to simplify property management and maximize returns,” remarked Gary Beasley, CEO and cofounder of Roofstock. “Given the strong performance of housing even throughout the pandemic and solid supply/demand fundamentals, there has never been a better time for investors to build their single-family rental portfolios.”
We are excited to announce the acquisition of Great Jones, which represents our second acquisition this year and third since our founding. I’m particularly thrilled to welcome Great Jones founders Jay Goldklang and Abigail Besdin and the rest of the team to provide our customers with technology that is proven to simplify property management and maximize returns. Given the strong performance of housing even throughout the pandemic and solid supply/demand fundamentals, there has never been a better time for investors to build their single-family rental portfolios. – Gary Beasley
