Big State Home Buyers, based in Houston, has identified more than 10,000 home opportunities over the past 24 months using data analytics and advanced media skills to locate vacant and distressed homes throughout Texas.
New Western said combined efforts could generate up to 8,200 additional investment opportunities annually once the companies are fully integrated.
“There are more than 15 million vacant homes in the U.S., and we are doing our utmost to organize the services that can support their revival,” said Kurt Carlton, co-founder and president of New Western. “This acquisition is another step in that direction, and we are actively pursuing additional capabilities that complement our ecosystem and accelerate the mission.”
Big State previously worked with New Western through an independent purchasing agreement – a model used with many local partners.
According to the companies, the success of that relationship ultimately led to the acquisition.
“We built Big State to help homeowners unlock the value of their homes – value that others overlook,” said Brian Spitz, founder and president of Big State Home Buyers. “Joining New Western allows us to connect our sourcing expertise and operational rigor to the nation’s largest investor market, bringing our specialized services to homeowners across the country.”
Spitz will join New Western as vice president of Seller Experience.
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