Entrata, a leading operating system for multifamily communities, has received a $200 million minority investment from Blackstone, valuing the company at $4.3 billion. The strategic funding aims to support Entrata’s continued expansion and innovation across the rental housing sector.

Entrata’s platform is used by over 12 million residents globally and serves some of the largest property management portfolios. Its comprehensive suite of tools streamlines everything from accounting and facilities management to leasing and resident communication. The company’s newest products include ELI+, a fully integrated leasing and payments platform, and Homebody, a resident engagement tool designed to boost retention and loyalty.

Blackstone’s investment follows a 2021 majority stake acquisition by Silver Lake, further reinforcing Entrata’s position as a proptech leader. With this capital infusion, CEO Adam Edmunds says the company is poised to scale its impact, improve operational efficiency for property managers, and enhance the resident experience.

Blackstone Managing Director Brian Dunlap noted the partnership is aimed at supporting Entrata’s next phase of growth and continued technological leadership in the property management space.