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Tech firm raises millions to buy out leases on vacant apartments

Written by CRETech | Jul 6, 2018 4:30:56 AM

A Manhattan tech firm plans to spend $10 million over the next year buying out the leases on vacant apartments and then renting the units out itself. Rezi emerged from Silicon Valley's Y Combinator accelerator program last year before raising $30 million on the idea that it can use machine learning and tech to make apartment leasing more efficient.