Investors take controlling share in YouRent

George Sell By George Sell
02 January 2017 | Updated 16 February 2017

US: An investor group has taken a controlling share in Miami-based short-term rental provider YouRent.

The new executive team will be led by Rodney O'Neal, Brian Ferdinand and Luis Garcia-Fanjul. A multi-million-dollar growth and corporate rebranding plan will be implemented to position the organisation as "the leader in aggregating and controlling an exclusive portfolio of multifamily, vacation properties in high-demand US markets".

The company has experienced a more than 500-per cent growth from its original collection of 52 properties in Miami and Nashville at the time of purchase. YouRent is projected to record revenue upwards of $75 million by the fourth quarter of 2017 and enter several new key markets.

"We invested in YouRent because we see an underserved industry demand for short-term lodging that provides the finest properties, interior design offerings and personalised, on-site services for both the vacation and business traveler," said Ferdinand, COO of YouRent.

YouRent's business model is to accumulate and manage its own inventory through long-term and master lease agreements, marketing the units through multiple vacation websites and distribution channels. It offers a 24/7 concierge service in each market.

YouRent was founded in 2012 by Michael Braverman, who serves on the board. The company trades under the corporate entity Vacation Rentals, LLC.

yourent.com

Be in the know.

Subscribe to our newsletter »

Our Events

Subscribe to our Newsletter »