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TULU, which acts as a combination rental center and store within apartment buildings, raised an additional $5 million, adding to its Series-A fundraising and topping it out at a total $25 million.
“The new funds will fuel rapidly growing partnerships with leading property owners and consumer brands, to enhance geographic expansion and data capabilities and to unleash environmental and circular consumption initiatives across the global locations it operates,” a company release says.
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Ten US Housing Markets That are Cooling the Fastest
Apartment Rents Are Growing Faster in Low-Cost Cities
Market-Rate Apartments Flourishing in College Towns
Commercial Real Estate Remains a Critical Investment Asset, Even as Cap Rates Rise
Broker Dual-Rep Conflicts of Interest May See More Lawsuits
Company will use money for expansion and new product developments.
Rate hikes “dampen consumers’ spending power in the economy as a whole.”
Sales activity rose between 24% to 27% across the 12-month span ending in June for the sector.
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There are three major trends converging to shape new renter dynamics: The Great Resignation, The Occupancy Fallacy, and The Renter Research Revolution. Download this report to explore these trends and learn how to thrive in this new era.
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