Rentshare is a payment processing software application that benefits landlords, property managers, and tenants alike. With an enterprise solution for building owners and investors, we felt that the timing was right for an investment in payment processing specifically tailored to the multibillion residential real estate market.
The company was acquired 2.5 years after our entry. While SCM no longer owns a stake in Rentshare, we continue to support the service and have incorporated its functionality into our property management services.
Acquired: Summer 2012
Status: Exited Late 2014
Returns: 20% IRR and 49% Net Return