Rental Property Tech Firm Mynd Buys Pacific Shore Management
Oakland-headquartered Mynd, which describes itself as a “tech-powered” residential rental property management company, has acquired San Diego-based Pacific Shore Management for an undisclosed price.
A statement from Mynd, which currently operates primarily in the Bay Area, said the acquisition of Pacific Shore Management, based in Mission Valley, enables the company to continue its expansion into the Southern California market.Mynd acquired Pacific Shore Management’s 595-unit portfolio of single- and multi-family properties currently under management, doubling Mynd’s unit count to nearly 1,100. Pacific Shore will retain its current name.Mynd was started in 2016 by real estate veterans Colin Wiel and Doug Brien, who also founded Waypoint Homes, which provides nationwide listings of single-family rental homes. Mynd is backed by Cannan Partners, Jackson Square Ventures and Lightspeed Partners.Mynd offers what the company calls the rental property management industry’s first real-time data management and mobile app, designed to give property owners “a simpler, more profitable solution” to manage those assets.Pacific Shore Management is led by Krystle Moore, who is also president of locally based Pacific Shore Capital. “We have been in the real estate business for 15+ years and have always felt like technology was underutilized,” Moore said in the Mynd statement.
By Lou HirshSan Diego Business JournalAugust 30, 2017
----------------Read article on San Diego Business Journal.
Mynd Management Names the 20 Healthiest Rental Housing Markets in the U.S.
Mynd identified 20 of the strongest rental housing markets in the U.S. based on occupancy rate growth year-over-year.
Real Estate Investment in San Diego, CA
Browse our San Diego, CA rental property investment data. For more local information on home prices, job growth, appreciation and much more visit our Southern California real estate investment data pages!
Thank you for getting in touch!
In the meantime, learn more about ways to start with a smaller downpayment here.