The $1 billion acquisition of rent-to-own startup Divvy Homes, which was announced Wednesday, is expected to leave some shareholders without a payout, according to sources familiar with the deal.

Divvy Homes, which offers a rent-to-own service for buyers who may struggle to come up with large down payments on their own, has axed close to 100 employees, including a handful in the New York ...

Divvy and some of the larger rent-to-own companies, including Home Partners of America, ... They are among the 47 percent of Divvy’s rent-to-own customers of Divvy who ended up buying their home.

Maymont Homes, the Brookfield unit that is buying Divvy, operates in over 40 markets across the United States. In a written statement, Divvy said it has “created 2,000 homeowners to date.” ...

Once valued at over $2B, rent-to-own startup Divvy Homes is selling to Brookfield for about $1 billion. Mary Ann Azevedo. 1:42 PM PST · January 22, 2025.

Tenants' rent payments include a savings component — $200 to $500 a month, typically, on a $200,000 home — to build toward a down payment. Customers who change their minds leave with that money, after ...

The San Francisco-based firm’s 7,000 homes across 19 markets were valued at more than $1.7 billion as recently as two years ago. Divvy’s unique lane in the rent-to-own space involves requiring ...

Rent-to-own startup Divvy Homes is being acquired in a fire sale by Charleston, South Carolina-based Maymont Homes, according to multiple people familiar with the matter. Maymont, a division of ...

Divvy laid off most of its employees in 2022 and 2023, leaving it with a bare-bones staff. Tenant complaints about the company surfaced in a 2023 report from The New York Times .

Rent-To-Own Unicorn Divvy Homes Prepares For Third Round Of Layoffs; Could Affect Over 90 Jobs. By Marvie Basilan @marvbuzzilan Published 09/12/23 AT 4:38 AM EDT.

How to go from renting to owning. Divvy Homes, a rent-to-own home service, helped Rudy start making rent payments toward her house for about 15 months before closing.Rudy, then 51, started the ...