Seattle, Washington based property management platform raised $12m in Series B financing led by Madrona Venture Group.
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‘Our product was built for times like these’: Seattle startup Knock raises $12m
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“Regardless of geography or asset type, unemployment will certainly put pressure on rent growth and rent collections in most markets, so everybody is monitoring how quickly jobs and incomes are able to rebound,” Petry added. “In general, occupancy and rent growth are expected to soften, but the majority of operators think that occupancy and rents will be back to previous levels within 12 months. Time will tell.”
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