1. Disrupting an Industry – People-focused model enables the provision of additional value-added products and services that improve the experience of residential community living from smart building technology and building automation to in-home services.
2. Leading Digital Platform – Fully integrated digital platform that services a wide variety of stakeholders which lowers customer acquisition costs and increases stickiness leading to a low churn rate.
3. Rapid Market Growth– Community living has increased almost 10x between 1980 and 2019 and accounts for over 70 million people. Payments of over $90+ billion were collected from owners in communities in 2019.
4. Strong Financial Performance – Strong growth profile with revenue growth from less than $3 million in 2018 to $16 million forecast in 2021, with monthly recurring revenue comprising a majority.
5. Proven Acquisition Track Record – Purchased five companies to date, in a fragmented market that can be acquired at service multiples