Blackstone Invests $200M⁣ in entrata for Multifamily Property Management

⁤ Updated May 30,2025
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Blackstone has made a $200 million investment‍ in Entrata,a Lehi,Utah-based operating system provider for multifamily communities.The deal values the company, which offers ⁣technology solutions for accounting,⁤ purchasing, facilities and leasing, at $4.3 billion.

Entrata’s centralized platform⁤ streamlines ⁣property management operations, including work order⁣ tracking, financial tasks and online payments. Recent innovations include ELI+, an integrated platform for leasing, payments, and renewals, and Homebody, a solution designed to⁣ boost resident engagement and loyalty⁢ through rewards.

Adam Edmunds, CEO of ⁣entrata, said the Blackstone investment aligns capital and expertise, enabling the company to expand its technology to more owners, operators⁤ and residents. Brian Dunlap, a managing director at Blackstone, said they are pleased to invest in Entrata ⁣as it ‍expands its technology solutions for the property management industry.

“This investment from‍ Blackstone represents a powerful alignment of capital and expertise⁢ that will allow us to bring world-class technology to an expanded footprint of owners, operators ‍and residents,” said Adam Edmunds, CEO of Entrata.

Following a majority investment ⁤from Silver Lake ‍in 2021,Entrata continues to strengthen its market position in multifamily property management. Wilson Sonsini Goodrich & Rosati served as legal advisor to entrata for the transaction, which aims to⁤ advance multifamily property management technology.

“We are pleased to invest in Entrata as they⁤ continue to expand their technology solutions for the property management industry,” added Brian Dunlap, a managing director at Blackstone.

What’s next

The⁤ investment‍ is expected to fuel further development and expansion of Entrata’s property management ⁢ technology, enhancing its ⁣offerings for the rental housing industry.