Tripalink, Tech-driven Residential Property Operator, Expands its Market in Seattle with the Acquisition of Keystone Properties NW

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SEATTLE, September 9, 2021 / PRNewswire / – Tripalink, a technology-focused residential real estate operator, acquired Keystone Properties NW in Seattleincluding their 14 properties, a total of 628 units. After the takeover, Tripalink now manages around 1,100 units in the Greater Seattle and operates over 6,000 beds in The United States 8,000 additional beds are waiting to be signed by the end of this year.

Tripalink Seattle Portfolio

As a fast growing residential real estate operator, Tripalink focuses on technology and data to deliver a digital and enjoyable living experience to its tenants and to generate higher profits for its collaborating landlords and developers. The company is aiming to do the same with the addition of Keystone Properties NW.

Keystone Properties NW is a leading property management company in Seattle, provides high quality housing for students and young professionals in the university district and Downtown Seattle. The company grows its business 100% through referrals and most of its products are SEDU (Small Efficient Dwelling Units). This type of product and local mode of operation is consistent with most of Tripalink’s current portfolio and enables a smooth acquisition.

By combining Keystone’s leasing, marketing, and administrative activities with Tripalink’s automated system, the association will be able to maintain excellence in service, bring tenant experiences online, and increase overall operational efficiency, thereby continuing to generate high levels of referral and customer service Renewal rates can be achieved.

This has already proven its worth for Tripalink. Rooted in its co-living and student housing background, the company has set the standard in this area and has already penetrated the conventional housing industry. The hope is to include non-student tenants and offer their student tenants another option to live after graduation.

Thus, the acquisition of Keystone Properties NW was an important stepping stone in Tripalink’s history Seattle Tripalink’s second largest market. However, this acquisition is only part of Tripalink’s long-term growth and expansion strategy. According to the Tripalink CEO Donghao Li, the company aims to increase its total portfolio to at least 10,000 supervised beds by 2022.

This growth is supported by the stable rental income and faster rental periods that Tripalink can provide to landlords and property developers. Instead of expanding into dozens of different cities or even countries, which lowers operational efficiency, Tripalink strategically selects the cities with the highest potential on the west and east coasts and then grows exponentially in different local neighborhoods. Works in The angel, Irvine, Seattle, Philadelphia, Pittsburgh, Tucson, Austin, and San Francisco, Tripalink also plans to expand New York City in the near future.

Tripalink is actively seeking collaborations and partnerships with local and national developers in the above cities. Please visit the website for more information and contact us if you are interested and wish to participate in Tripalink’s upcoming efforts.

Via Tripalink
As a national residential real estate operator, Tripalink currently manages around 6,000 sleeping places in co-living properties and centralized modern apartments in The angel, Irvine, Seattle, Philadelphia, Pittsburgh, Tucson, Austin, and San Francisco.

Contact:
Shu you
[email protected]
(858) 230-1267

Related links:
https://tripalink.com/

SOURCE Tripalink

Tripalink, Tech-driven Residential Property Operator, Expands its Market in Seattle with the Acquisition of Keystone Properties NW

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