Latch (Door) Acquires The Broadway Company's Property Management Business
March 28, 2024
Latch, Inc. (soon to be Door.com) launched Door Property Management, LLC and acquired the property management business of The Broadway Company to operate a small portfolio of multifamily units in the Greater Boston area. The move gives Latch hands-on property management capabilities to vertically integrate its hardware and software products, accelerate product development, and drive NOI improvements for owners.
- Buyers
- Latch, Inc., Door Property Management, LLC (DPM)
- Targets
- The Broadway Company (property management business)
- Sellers
- The Broadway Company
- Industry
- Real Estate
- Location
- Massachusetts, United States
- Transaction Type
- Divestiture
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