Patriot Family Homes Raises $60 Million for Short-Term Rentals in Underserved Areas
Photo Credit: This home in Columbus, Ohio, is part of the short-term rental portfolio for Patriot Family Homes. Patriot Family Homes / Patriot Family Homes
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>>Patriot Family Homes, a short-term rental platform focused on single-family homes in underserved market areas, has raised $60 million in a Series B round of funding led by TRT Holdings and Miramar Holdings.
Joe Riley founded Patriot Family Homes in 2018 shortly after returning from a U.S. military deployment to Afghanistan. During the deployment, Riley and his wife rented their house on Airbnb, during which they recognized the need for short-term rentals around U.S. military bases. The focus has expanded since then.
"We started serving military markets exclusively, which remains central to our DNA and growth, and we are proud to employ a large number of veterans and military spouses,” Riley stated in an email. “Over the past few years, we discovered that our brand also resonates with more underserved guest segments outside of military markets, where lodging
