Affinity Worldwide [1], a family of companies that works to empower and support residential real estate investors, announced it has made an equity investment in OwnAmerica [2]. The purchase deepens the partnership between OwnAmerica and two of Affinity Worldwide’s real estate-related entities, Think Realty [3] and National Real Estate Insurance Group [4] (NREIG).
OwnAmerica is a financial services platform that operates a national marketplace for single-family rental (SFR) portfolios. Affinity Worldwide’s investment connects Think Realty members with OwnAmerica’s online tools, which help them find and secure properties and scale portfolios according to their personal investing goals. NREIG is now the preferred insurance program of OwnAmerica.
“This partnership is in line with Affinity Worldwide’s vision to provide real estate investors with valuable education, services, and tools for success,” said Eddie Wilson, CEO of Affinity Worldwide and Think Realty. “OwnAmerica has one of the largest databases of investment properties in the nation and tools to help investors find the right properties for them. This partnership will make investing easier.”
Greg Rand, founder and CEO of OwnAmerica, commented on the announcement, saying, “We are very proud of our new partnership with Affinity Worldwide because it furthers our mission to help SFR owners optimize the performance of their real estate portfolios. We know how important this is to our customers. They are counting on their real estate holdings to deliver financial independence for themselves and the people who depend on them. Affinity shares our appreciation for these rugged entrepreneurs and our passion to help them succeed. It's going to be a great relationship.”