Wilshire Lane backs Jetty

Jetty announced “a multi-million dollar investment” from Wilshire Lane, a new PropTech-focused fund which is anchored by Morgan Properties, the second-largest owner of multifamily housing in the US.

Jetty has had a commercial relationship with Morgan Properties since 2020 and the company’s Senior Vice President of Financial Planning and Business Development, Todd Richman, recently joined Jetty’s Real Estate Advisory Board.

“In addition to joining Wilshire Lane’s growing portfolio of exciting investments, we’re thrilled to further our relationship with Morgan Properties and work even closer with them on current and future products.” – Mike Rudoy, Jetty’s Co-Founder and Chief Executive Officer.

Wilshire Lane and Morgan Properties formalized their strategic partnership in January 2022. With Morgan as their anchor investor, Wilshire Lane can leverage their vetting process and identify companies that have proven themselves in market.

“With its best-in-class deposit alternative product and an exciting new flexible rent payment program, Jetty is exactly the type of nimble, high-growth company we’re looking to invest in. Jetty’s network of the country’s largest property management companies gives them an unrivaled opportunity to become the leading financial services platform in the industry.” – Adam Demuyakor, Founder and Managing Partner at Wilshire Lane.