Weave Living has secured further investment from existing shareholders, founder and CEO Sachin Doshi and private equity major Warburg Pincus, as the rental residential operator looks to double its portfolio in an expansion set to take it beyond Hong Kong, Singapore and Tokyo, the company announced Monday.
The equity injection will support Weave’s expansion of its brand footprint and portfolio to over 5,000 owned and managed units in rental housing markets including Tokyo, Osaka, Seoul, Singapore, Hong Kong and other select gateway cities by 2025, the firm said in a release.
While enabling the company to double its current portfolio of 2,500 units, the new investment will also help Hong Kong-based Weave grow its institutional asset management business in the rental housing sector, primarily in the key markets of Japan, South Korea and Singapore.
