About Groma

The startup operates a real estate development and management platform that utilizes automated modeling to evaluate potential acquisitions. By aggregating market comparables, zoning data, and rent roll information, it enables clients to make informed decisions quickly in a competitive market.

```xml <problem> The Modern Urban Rental (MUR) asset class, consisting of 2-20 unit apartment buildings, has been historically overlooked by institutional investors due to the complexities of managing smaller, geographically dispersed properties and the challenges of revitalizing older buildings. Traditional methods of property evaluation and management are often inefficient for this asset class, hindering informed decision-making and optimal performance. </problem> <solution> Groma operates a real estate investment and management platform that leverages technology to efficiently acquire, modernize, and operate Modern Urban Rentals. The platform utilizes automated modeling software that aggregates public and proprietary data to rapidly evaluate potential acquisitions, enabling faster and more informed decisions. By standardizing renovation processes and incorporating smart technology for remote monitoring and optimized maintenance, Groma lowers operating expenses and improves tenant satisfaction. The company offers investment opportunities through the GromaREIT, allowing both institutional and individual investors to participate in this previously inaccessible asset class. </solution> <features> - Automated modeling software for rapid property evaluation using market comparables, zoning data, and rent roll information - Standardized "Nordic Standard" design system for efficient and high-quality unit upgrades - Smart building technology for remote monitoring, optimized technician routing, and seamless leasing - GromaBase platform for investors to view property details, performance metrics, and ownership information - 1031 exchange options for sellers to defer capital gains taxes - Direct property acquisition, eliminating broker fees and streamlining the closing process </features> <target_audience> Groma targets accredited investors, including institutions, family offices, and individuals, seeking access to the Modern Urban Rental asset class, as well as property owners and real estate agents looking for a streamlined and efficient sales process. </target_audience> <revenue_model> Groma generates revenue through a 1% net asset value management fee and a 12.5% performance fee above a 5% hurdle rate, as well as property management-related fees paid by the properties at market-competitive rates. </revenue_model> ```

What does Groma do?

Where is Groma located?

Groma is based in Boston, United States.

When was Groma founded?

Groma was founded in 2020.

How much funding has Groma raised?

Groma has raised 29790000.

Location

Boston, United States

Founded

2020

Funding

29790000

Employees

33 employees

Find Investable Startups and Competitors

Search thousands of startups using natural language

AI voice (2021+)underground pipe robots energy flexibility software

Start Searching

Groma

⚠️ AI-generated overview based on web search data – may contain errors, please verify information yourself! You can claim this account with your email domain to make edits.

Executive Summary

groma.com 1K+

Crunchbase

Founded 2020 – Boston, United States

Funding

Estimated Funding

$20M+

Team (30+)

No team information available.

Company Description

Problem

The Modern Urban Rental (MUR) asset class, consisting of 2-20 unit apartment buildings, has been historically overlooked by institutional investors due to the complexities of managing smaller, geographically dispersed properties and the challenges of revitalizing older buildings. Traditional methods of property evaluation and management are often inefficient for this asset class, hindering informed decision-making and optimal performance.

Solution

Groma operates a real estate investment and management platform that leverages technology to efficiently acquire, modernize, and operate Modern Urban Rentals. The platform utilizes automated modeling software that aggregates public and proprietary data to rapidly evaluate potential acquisitions, enabling faster and more informed decisions. By standardizing renovation processes and incorporating smart technology for remote monitoring and optimized maintenance, Groma lowers operating expenses and improves tenant satisfaction. The company offers investment opportunities through the GromaREIT, allowing both institutional and individual investors to participate in this previously inaccessible asset class.

Features

Automated modeling software for rapid property evaluation using market comparables, zoning data, and rent roll information

Standardized "Nordic Standard" design system for efficient and high-quality unit upgrades

Smart building technology for remote monitoring, optimized technician routing, and seamless leasing

GromaBase platform for investors to view property details, performance metrics, and ownership information

1031 exchange options for sellers to defer capital gains taxes

Direct property acquisition, eliminating broker fees and streamlining the closing process

Target Audience

Groma targets accredited investors, including institutions, family offices, and individuals, seeking access to the Modern Urban Rental asset class, as well as property owners and real estate agents looking for a streamlined and efficient sales process.

Revenue Model

Groma generates revenue through a 1% net asset value management fee and a 12.5% performance fee above a 5% hurdle rate, as well as property management-related fees paid by the properties at market-competitive rates.