Renters Warehouse

Client Profile

Founded in 2007, Renters Warehouse is a leading real estate marketplace business and rental management platform for retail and institutional investors. With the second-largest single-family rental online marketplace in the United States, Renters Warehouse leverages technology to provide an integrated service to all stakeholders involved in real estate transactions, including investors, residents, and management companies.

Situation

The Company was brought public in 2022 via a SPAC deal after years of growth and success. The transaction did not provide adequate liquidity to support the growth trajectory and the Company and St. Cloud sought strategic alternatives to support operations and preserve the value of the platform.

Solution

SSG was retained to advise St. Cloud on its secured position and solicit offers for the acquisition of the Company’s operating assets through the sale of the assets of RW OpCo, which included equity interests in multiple operating subsidiaries. The bid submitted by GA Technologies was determined to be the highest and best offer for substantially all the Company’s assets. SSG’s extensive experience with Article 9 transactions and advising clients through complex transactions provided support to St. Cloud throughout the process and facilitated the maximization of value in an expedited time frame.