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Deals & Dealmakers

Ex-Blackrock chief backs ResiModel

ResiModel, A platform for capturing, processing and analyzing multifamily transactions, has added a new investor to the company.

Photo by Tracy O/Flickr
Photo by Tracy O/Flickr

Symmetrical Ventures, the technology venture capital firm helmed by former BlackRock vice chairman and CFO Paul Audet, has become the latest in a line of strategic investors that includes former executives from JPMorgan, Goldman Sachs and Deutsche Bank Real Estate.

Prior to founding Symmetrical Ventures, Audet oversaw the US Mutual Funds, Global Real Estate and Cash Management businesses at BlackRock.

“Mr. Audet has long been one of the real estate industry’s leading financial minds, so Symmetrical Ventures’ investment serves as an affirmation of the invaluable nature of ResiModel’s service offerings,” said Elliot Vermes, CEO of ResiModel.

“In partnership with Audet and Symmetrical Venutres, we will further develop our platform and continue to provide greatly needed services to some of the country’s largest real estate brokers, lenders and investors.”

Concurrently, ResiModel announced the addition of real estate veteran Rob Wrzosek to the firm’s advisory board.

The former president of Hunt Mortgage Group will serve ResiModel in an advisory role, providing the company with access to one of the leading minds in the real estate capital markets, as it continues to refine its platform.

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