Flexible-use multifamily and hospitality operator Placemakr raised $65M in new funding.

 

Flexible-use multifamily and hospitality operator Placemakr raised $65M in new funding.  The funding was led by Highland Capital Partners, Harbert Growth Partners, Bernstein Management Corporation, Camber Creek, and Gaw Capital USA.  Placemakr's platform enables multifamily developers and owners to transform existing properties into commingled spaces.  It claims to have managed over $1B of real estate assets, operated more than 1 million room nights, and serviced over $100M in bookings since the start of the pandemic.  Placemakr intends to use the new capital to double down on its property acquisitions and developer partnerships to address consumer demand.  The company also appointed former President of Graduate Hotels Timothy G. Franzen as its new Chief Development Officer.