Ore. vacation rental company buys two Va. Beach businesses
Vacasa acquired Sandbridge Realty and Beach Pros Realty
Portland, Oregon-based vacation rental management company Vacasa announced Monday it had acquired two Virginia Beach companies: Sandbridge Realty and Beach Pros Realty.
Vacasa did not disclose financial details of the transactions.
The acquisitions mark Vacasa’s entry into Virginia.
“Virginia Beach is a highly sought-after East Coast vacation spot. …The homes managed by Sandbridge Realty and Beach Pros Realty are valuable portfolio additions for us, because they appeal to both long-term family stays as well as shorter economy stays in a drive-to market,” Zac Monahan, Vacasa vice president of corporate development and homeowner success, said in a statement.
Vacasa is extending offers to the companies’ employees and retaining their four total office locations. The vacation rentals on the two sites will be integrated into the Vacasa booking site by summer.
Sandbridge Realty founder and owner Betsy Atkinson said in a statement, “I’m extremely proud of the business my team and I have built, the partnership we’ve established with homeowners and the service we’ve delivered to guests over the past 30 years, and I trust Vacasa is well-positioned to take it to the next level. Our homeowners won’t see any near-term changes, but will benefit from Vacasa’s advanced marketing, technology tools and booking channel partnerships to drive more consistent, year-round reservations.”