Condo subscription platform Touchdown acquires housing operator Barsala

Touchdown,
a subscription platform that gives members entry to furnished flats in
greater than 375 cities throughout america, has acquired Barsala, a versatile
housing operator, for $30 million.

Based
in 2019, Touchdown stated the acquisition will add greater than 1,000 items throughout 11 U.S.
markets to its portfolio.

“By
activating in any other case vacant items utilizing a mixture of know-how and
advertising and marketing, Barsala has constructed a worthwhile mannequin and powerful popularity,
cultivating deep partnerships with class A multifamily property homeowners,” stated
Invoice Smith, founder and CEO of Touchdown.

This
acquisition permits us to deliver the advantages of our Autopilot platform and
heightened demand from our certified members to a rising variety of property
homeowners throughout the nation, whereas opening doorways to extra fully-furnished
condo properties in new markets for our members.” 

Touchdown
members pay a payment that provides them entry to switch anyplace inside its
community of properties with simply two weeks discover and to remain in a property for
any period of time from just a few weeks to a number of months.

In
August 2022, Touchdown
raised $125 million in Sequence C funding.