Home Price Appreciation Soars and Inventory Tumbles in Houston

As the 4th most populous city within the United States, Houston, the “Bayou City” has been a hot relocation destination for individuals and families across the country. With many larger corporations relocating headquarters to take advantage of the pro-business regulations … Continue reading Home Price Appreciation Soars and Inventory Tumbles in Houston

Divvy Homes Taps Blackstone’s John Lee as COO

Divvy Homes Promotes Lucia Franzese and Shirley Lin to Executive Leadership Team; Promotes Three to VP Roles and Adds Four New VPs to its Roster SAN FRANCISCO – January 13, 2022 – Divvy Homes, a market leader in the proptech industry, announced today a number of new hires and promotions spurred on by significant financial backing and market opportunity. John Lee will join Divvy Homes as the company’s new chief operating officer, while two Divvy leaders are promoted to the executive leadership team and seven vice presidents have been added to the roster. John Lee joins Divvy following nearly eight … Continue reading Divvy Homes Taps Blackstone’s John Lee as COO

Divvy Homes Announces $735M Debt Financing Just Two Months After Raising $200 Million in Series D

SAN FRANCISCO– October 12, 2021 – Divvy Homes, a market leader in the proptech industry, today announced that it has entered into new debt facilities totaling $735M. Combined with $200M raised two months ago from the Series D, Divvy Homes is well-capitalized to pursue its mission of making homeownership accessible to everyone. This debt financing will allow Divvy Homes to provide more Americans with a path to homeownership through its innovative three-year program.The funds will be used to refinance two existing debt facilities and provide substantial incremental capacity to buy new homes, supporting Divvy’s 10-year goal of helping more than … Continue reading Divvy Homes Announces $735M Debt Financing Just Two Months After Raising $200 Million in Series D