Lehi, Utah—May 15, 2025  Entrata, a leading operating system for multifamily communities, today announced a $200 million minority investment from funds managed by Blackstone (“Blackstone”) at a $4.3 billion valuation. This investment comes as Entrata is moving forward on its next chapter of growth, serving the rental housing industry through innovative technology that streamlines operations for property managers and elevates the living experience for millions of residents.

“Over twelve million residents in properties across the largest property management portfolios in the world utilize the Entrata operating system,” said Adam Edmunds, CEO of Entrata. “This investment from Blackstone represents a powerful alignment of capital and expertise that will allow us to bring world-class technology to an expanded footprint of owners, operators and residents. We appreciate Blackstone’s partnership as we drive towards new levels of efficiency and expand the level of experience residents can expect across the rental housing ecosystem.”

Brian Dunlap, a Managing Director at Blackstone, said: “We are pleased to invest in Entrata as they continue to expand their technology solutions for the property management industry.  We are excited about the opportunity to partner with Adam and his talented team as they drive continued innovation to help further improve the client and resident experience.”  

Over the past two decades -- and especially following a majority investment from Silver Lake in 2021 and further supported by Blackstone’s investment today -- Entrata has emerged as a leader in property management technology, building a comprehensive operating system in rental housing.  

Entrata’s suite of solutions offers a centralized platform for managing various aspects of a property, including accounting, purchasing, facilities, and leasing, among others. These offerings can efficiently handle tasks such as tracking work orders, managing finances, and processing online payments. Additionally, Entrata's resident portal fosters better communication and self-service options for residents, helping support increased satisfaction and loyalty.  Entrata’s recent innovations include ELI+, a fully integrated platform that modernizes leasing, payments and renewals, and Homebody, a first-of-its-kind solution to cultivate resident engagement, retention and, with the addition of Homebody Rewards, loyalty. 

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Advisors

Wilson Sonsini Goodrich & Rosati served as legal advisor to Entrata.

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About Entrata

Entrata is the leading operating system for multifamily communities worldwide. Setting the bar for innovation in property management software since 2003, Entrata offers solutions for every step of the leasing lifecycle and empowers owners, property managers, and residents to create stronger communities. Entrata currently serves over twelve million residents across over 35 thousand multifamily communities around the globe. Learn more at www.entrata.com.

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About Blackstone

Blackstone is the world’s largest alternative asset manager. Blackstone seeks to deliver compelling returns for institutional and individual investors by strengthening the companies in which the firm invests. Blackstone’s nearly $1.2 trillion in assets under management include global investment strategies focused on real estate, private equity, credit, infrastructure, life sciences, growth equity, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.