National short-term vacation rental provider forms in-market alliance with leading central Texas management firm Roscoe Properties.
MIAMI – YouRent, a national, fast-growing, short-term vacation rental provider headquartered in Miami, announced that it has expanded its fast-growing portfolio with its entry into the Austin, Texas, market.
The company has also engaged in an alliance with Roscoe Properties, a leader in multi-family and commercial real estate property management in Central Texas. YouRent's coalition with Roscoe Properties will add 35 units to its portfolio in Austin, with a projection of 100 properties by the end of the year.
"YouRent will offer a new option of unique accommodations to help bolster Austin's growing and thriving tourism market," said Brian Ferdinand, COO of YouRent. "We are laying the foundation for the continued expansion of our portfolio, concentrating on market niches such as Austin that can truly benefit from our specialized offerings."
"We are excited to announce our strategic relationship with Roscoe a leading property management company that delivers a high-quality multifamily product aligned with our immediate and long-term goals," added Luis Garcia-Fanjul, executive board member of YouRent.
Utilizing a first-of-its-kind industry platform, YouRent's inventory consists of luxury units in Class A, multifamily properties. Through partnerships with best-in-class habitation design consultants and national furniture manufacturers, the company provides a short-term vacation rental product that is standardized in design. YouRent's properties are strategically located near major urban cores in proximity to main attractions and offer unparalleled value. Its highly-trained management and around-the-clock concierge program in each market enables the company to consistently curate and deliver to guests a superior environment and experience of vacationing like a local.
Since an investor-led group acquired the controlling interest of the company, YouRent has experienced a more than 500-percent growth from its original collection of 52 properties in Miami and Nashville at the time of purchase. In its trajectory, YouRent is projected to hold a revenue upwards of $75 million by the fourth quarter of 2017, and enter several new key markets.
YouRent was founded in 2012 and currently functions under the corporate entity, Vacation Rentals, LLC.
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