REI Nation provides end-to-end turnkey services for remote investors, sourcing, acquiring, renovating or building single-family rental homes, placing renters, and providing ongoing property management through its Premier Property Management Group. The company operates in 13 markets including Memphis, Nashville, Dallas–Fort Worth, Austin, Houston, San Antonio, Huntsville, Birmingham, Tuscaloosa, Oklahoma City, Tulsa, Little Rock and St. Louis. As of Q3 2021 REI Nation manages more than 7,000 properties for over 3,000 property owners and has $1.2 billion in residential rental property assets under management. Operational metrics include an average length of stay of almost seven years, an average vacancy rate of less than 2%, and a lease renewal rate of 78%. As of Q3 2021 the company had contracted to buy 1,029 homes (an 84% year-over-year increase) and had 242 homes under renovation (a 112% year-over-year increase). Founded in 2003 and formerly known as Memphis Invest, the privately held company intends to use new capital to purchase and upgrade additional homes and drive double-digit growth into 2022.

Total raised

$16M

Funding rounds

1

Latest round

Equity

Latest activity

Nov 2021