US multifamily property owner Hunt Companies agrees to use Property Connect leasing tech product
Rental property technology company Property Connect Holdings Limited (ASX:PCH) said it has signed a letter of intent (LOI) with Hunt Companies Inc., the largest owner of multifamily apartments in the US.
Under the LOI, Hunt Companies and its affiliates, which owns a portfolio of approximately 244,000 multifamily apartments, will complete leasing transactions for its premium apartments using Property Connect’s LiveOffer™ technology. The product allows potential tenants to make offers on a rental property and thus aims to provide a fair market value.
Texas-based Hunt Companies is privately owned and is a full-service developer, investor, financier and property manager of affordable and market rate multifamily properties across the US.
As an early adopter of LiveOffer™ v2, Hunt Companies has got a 25 percent discount for the first 12 months.
“As one of the dominant players in the multifamily sector it is a coup for us to sign Hunt Companies in the lead-up to our release of LiveOffer version two," Property Connect CEO Tim Manson said.