Evernest Acquires Poplar Homes; Secures $15M Led by LL Funds
January 22, 2025
Evernest, a national tech-enabled property management operator, has acquired Cupertino-based Poplar Homes and secured $15 million in strategic funding led by LL Funds. The deal expands Evernest's footprint into six new states (including West Coast markets), growing its managed portfolio to roughly 23,000 units and integrating Poplar-owned assets such as Zendoor and select 33 Realty property-management operations into its platform.
- Buyers
- Evernest, LL Funds
- Targets
- Poplar Homes, Zendoor, 33 Realty (property management assets)
- Industry
- Real Estate
- Location
- California, United States
- Transaction Type
- Buyout
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