Entrata is a leading operating system for multifamily communities, offering a comprehensive property management platform that streamlines operations for property teams and enhances the living experience for millions of residents. Its unified interface integrates leasing, maintenance, accounting, and resident communication into a single, intuitive solution. With ongoing innovation and seamless tech integrations, Entrata drives faster workflows, smarter decision-making, and deeper resident engagement — positioning itself as a key player in modern property management.
Entrata has raised a $200 million minority investment from funds managed by Blackstone, valuing the company at $4.3 billion. This new investment marks a new chapter of growth for Entrata as it continues to transform the rental housing industry through technology.
Entrata, headquartered in Lehi, Utah, United States, was founded in 2003 by Dave Bateman and Johnny Hanna. “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.”
