Kiavi closes first-ever deconsolidated deal

“We work closely with our customers, and take their feedback into account,” he said. “We had heard from them that these two states in particular were of interest. Market data also shows that both Indiana and Kansas have strong rental and housing markets.”

Bourque hinted the two-state expansion could be the beginning of even further growth: “We are always looking to support our customers,” he told MPA. “As real estate investors continue to revitalize over $25 trillion of aging US housing stock, we will provide them with the capital they need to realize the full potential of their investments. Over time, we expect to serve more customers in more states.”

Kiavi has long advocated for a strategy of fixing and flipping homes in light of an aging housing stock nationwide. “We have seen supply chain disruptions affect most industries and the housing industry is no different,” Stephanie Casper, vice president of sales at Kiavi, told MPA during a February interview. “Two thirds of US homes are over 30 years old, and it makes it challenging for our customers who are helping revitalize America’s aged homes to deal with supply chain issues.”

Casper said areas of greatest impact center on kitchen cabinets, counter tops, windows and appliances. “In addition to the supply chain issues, there are also labor shortages that anyone looking to renovate a house needs to consider. Labor is either more expensive or hard to find. This is causing delays and is taking longer to complete a renovation.”