Property Manager AvantStay Adds $160 Million in Funding for Expansion
Photo Credit: AvantStay picked up $160 million in venture funding. Pictured AvantStay's expansion to Cabo San Lucas arrives as more hospitality competitors see opportunity in high-end vacation home rentals. AvantStay
Skift Take
AvantStay's move into brokerage services sets it apart from most of its peers. But as Zillow's experience of flipping houses and getting burned highlights, real estate can be a very risky sector.
AvantStay, a property manager that engages in real estate investor-buyer matchmaking, has raised $160 million in new funding.
Founded in 2017 and based in Los Angeles, AvantStay manages properties and redecorates them with the aim of charging premium rates for owners. The company opened a brokerage arm earlier this year to match investors and real estate owners, saying it uses its data to pinpoint opportunities. At the same time, AvantStay is trying to build a consu
