Pagaya’s Acquisition of Darwin Homes Powers Premier Tech-Enabled Single-Family Rental Platform

Pagaya Technologies  a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has announced its first acquisition, the purchase of Darwin Homes, Inc. (“Darwin”), a leading proptech platform. The combination creates a data-rich, technologically sophisticated offering for all participants in the SFR space, including residents, investors and service providers.

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Pagaya is reshaping the SFR landscape, by leveraging its core AI technology and data network with Darwin’s proprietary software, integrated operations and mobile app. Pagaya will now deliver a premier, full-service offering at scale, driven by data-centric decision-making.

Austin-based Darwin, which is now a wholly-owned subsidiary of Pagaya, was started by two founding members of DoorDash, Ryan Broderick and Zach Kinloch, who will continue to lead the integrated platform.

“Acquiring Darwin positions us as one of the most tech-forward real estate platforms in the industry, further proving the crossover applicability of our AI,” said Gal Krubiner, co-Founder and CEO of Pagaya. “We evaluated many players in the SFR space and felt that Darwin’s tech and stellar team were the best and most differentiated by a substantial margin. By elevating the living experience for residents and seamlessly integrating the full spectrum of services through best-in-class technology, overall performance is optimized and everyone benefits.”

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“On behalf of Zach and the incredible Darwin team, we are thrilled to be a part of Pagaya,” said Ryan Broderick, co-founder and CEO of Darwin Homes. “Similar to what we were able to accomplish at DoorDash, we founded Darwin to reshape a large, fragmented industry by integrating purpose-built software and operations. We have made immense progress, and joining Pagaya will accelerate our ability to build an ecosystem of products and services that drive better real estate investment performance and redefine what it means to rent a home for residents.”

Pagaya first established its presence in real estate in 2020 and last year received its first AAA rating on a securitization in the SFR space. It is one of the Company’s five core products, along with personal l****, auto l****, credit cards and point-of-sale financing. Combined, Pagaya and Darwin’s SFR business operates in more than 30 markets across the U.S.

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