We have some great updates in the STR space this week, including:
Vacasa Reaches Unicorn Status
(“Real estate’s newest unicorn: Vacasa raises $319 million, now valued at more than $1 billion,” HousingWire on Nov 1, 2019)
Another huge congratulations to the Vacasa team, who recently closed a $319 million Series C funding round, putting the company's valuation at more than $1 billion. The company now manages 23,000 vacation homes. CEO Eric Breon commented, “We’re uniquely positioned to assist our homeowners through the entire lifecycle of their vacation home and are dedicated to continued advancement of our technology to meet the needs of our customers.” We look forward to seeing what’s next for Vacasa.
We regularly update clients about changes in real estate law and on industry trends. This includes briefing clients on legislative proposals in the federal tax, housing and other legal areas affecting their businesses. Staying current enables you to anticipate and prevent legal problems as well as capitalize on new developments.