Blueground buys a rival housing platform Nestpick
Blueground buys a rival housing platform Nestpick
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Blueground buys a rival housing platform Nestpick

Nestpick’s platform lists month to month rentals of furnished accommodation. The company is registered in Germany, with offices in New York.
RE+D magazine
30.05.2023

Blueground, the property management company that operates furnished 30-plus-day rentals, has acquired Nestpick in an equity-based deal.

Nestpick’s platform lists month to month rentals of furnished accommodation. The company is registered in Germany, with offices in New York.

The deal comes as Blueground attempts to build a partner network that will list what the company says is vetted third-party inventory.  For successful bookings, Blueground will charge a referral fee. This partner network will initially add over 18,000 units to Blueground’s established network of apartments around the world, with the goal of adding 50,000 units within 2024. Blueground has 15,000 apartments. Blueground’s strongest markets include NYC, LA, San Fran, Dubai, London and Paris.

The network will bring over portfolios from companies including Kasa and Placemakr, based on established criteria to meet the needs of current and future Blueground guests.

The companies did not disclose details of the deal.