Darwin Homes Ownership Structure: How Pagaya Technologies' Acquisition Fuels Expansion with BLVD Residential

Who Owns Darwin Homes? The Pagaya Connection

Darwin Homes operates as a wholly-owned subsidiary under Pagaya Technologies Ltd. (NASDAQ: PGY), following the company’s acquisition completed earlier this year. This strategic ownership consolidation merged Pagaya’s advanced artificial intelligence and machine learning capabilities with Darwin Homes’ proprietary software infrastructure and integrated operational framework, creating a unified proptech powerhouse designed to dominate the single-family residential management sector.

A Landmark Partnership: 1,000 Properties Join the Platform

In a significant expansion of their existing collaboration, BLVD Residential—a prominent real estate asset management firm specializing in residential properties—has committed to onboarding approximately 1,000 homes onto Darwin Homes’ technology ecosystem beginning in June 2023. This deepened relationship underscores confidence in Darwin Homes’ end-to-end software capabilities and reflects the platform’s growing influence within the single-family rental (SFR) industry.

The partnership arrangement grants BLVD Residential full access to Darwin Homes’ comprehensive technology stack, enabling data-centric operational strategies and streamlined property management at enterprise scale.

The Founders Behind the Growth

Darwin Homes was established by Ryan Broderick and Zach Kinloch, both former founding members of DoorDash, bringing proven operational excellence and technical innovation to residential real estate management. Meanwhile, BLVD Residential was co-founded by Marcus Ridgway, who previously served as co-founder and Chief Operating Officer of Invitation Homes—a seminal player in launching the modern SFR industry.

This convergence of experienced leaders shares a unified mission: delivering superior service across the resident, investor, and service provider ecosystem.

Technology as the Competitive Edge

Darwin Homes’ platform distinguishes itself through its proprietary end-to-end software, underpinned by artificial intelligence, advanced analytics, and automation capabilities sourced through Pagaya’s technological infrastructure. The system optimizes every aspect of single-family rental operations—from tenant acquisition and lease management to maintenance coordination and financial reporting—while maintaining operational transparency and maximizing efficiency metrics.

By leveraging Pagaya’s data network and machine learning algorithms, Darwin Homes establishes a performance standard that competitors struggle to match, positioning both organizations for accelerated market penetration.

Strategic Vision: Executive Perspectives

“This strengthened relationship with BLVD Residential validates our technology platform and our mission to reshape property management excellence,” stated Ryan Broderick, co-founder and CEO of Darwin Homes. “Our shared commitment to resident satisfaction and operational innovation creates the foundation for sustained expansion and mutual value creation.”

Marcus Ridgway, co-founder of BLVD Residential and former COO of Invitation Homes, emphasized: “Throughout my career in residential real estate, technology adoption has consistently proven to be the differentiator between market leaders and followers. By deepening our engagement with Darwin Homes’ platform, we’re positioning BLVD Residential to deliver exceptional outcomes for our investor base and residents alike.”

Gal Krubiner, Co-Founder and CEO of Pagaya, added: “Pagaya’s acquisition of Darwin Homes represents a transformational opportunity in the residential real estate sector. The expansion with BLVD Residential demonstrates the market’s appetite for sophisticated, technology-driven property management solutions and validates our strategic vision for this business vertical.”

Market Implications and Future Trajectory

The addition of 1,000 properties to Darwin Homes’ platform accelerates the company’s market presence and reinforces its positioning as the technology standard-bearer within proptech. This partnership trajectory suggests continued expansion opportunities as additional institutional investors and asset managers recognize the competitive advantages embedded within Darwin Homes’ integrated solution suite.

As single-family rental operators increasingly prioritize operational efficiency, tenant experience optimization, and data-driven decision-making, platforms like Darwin Homes—backed by Pagaya’s technological capabilities—are positioned to capture outsized growth within this expanding sector.