Offerpad Moves to New Headquarters

Offerpad Moves to New Headquarters

This week, real estate tech startup Offerpad threw a “welcome home” party in honor of the company’s move into its new Chandler, Ariz.-based headquarters. Offerpad moved its corporate hub from Gilbert to Phoenix’s East Valley in March. The new headquarters offers nearly 40,000 square feet — more than tripling the size of the company’s previous space. Arizona Gov. Doug Ducey delivered remarks at the event.

Offerpad, which launched in 2015, is privately held, with markets in Atlanta, Austin, Charlotte, Dallas-Fort Worth, Houston, Las Vegas, Los Angeles, Orlando, Phoenix, Raleigh, Salt Lake City, San Antonio, Tampa, and Tucson.

Arizona is quickly becoming known as a hub for iBuyers. Gov. Ducey in March signed a “Property Technology Sandbox” bill, which offers incentives for businesses in the state to test innovative products or services in the real estate industry. By reducing costly barriers to entry, the legislation promotes the development of disruptive technologies affecting the transfer and management of both commercial and residential property.

“This is a milestone that marks the tremendous growth Offerpad has experienced since we got started less than four years ago. Over the past two years, employee growth has increased almost 400 percent. Our new headquarters is great for us internally and it will help us continue to innovate real estate solutions for consumers around the country,” said Offerpad founder and CEO, Brian Bair.

Offerpad, which emphasizes “Homes Not Houses,” created its new office to feel more like home. It was designed with numerous unique meeting spaces bearing names like Living Room, Dining Room and Workshop. The headquarters’ floating mezzanine “Sundeck” is outfitted with meeting spaces inspired by the comforts of the home patio or backyard as well as leisure sports for employees and visitors to enjoy; the entry “Front Yard” area includes a large tree and bicycles; and there are couches and meeting nooks throughout the building’s open floor plan.

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After earning her bachelor’s degree in journalism at the University of Central Florida, Tracey set out in the real world at Florida Realtors in 1994 as a communication assistant, working her way up to editor in chief of Florida Realtor magazine. In 2004, she left the association to start her freelance writing and editing business. One of her first clients was REAL Trends, and she started working for the organization in 2005. In 2014, Tracey was promoted to editor in chief of publications for REAL Trends. She handles the writing and editing of all REAL Trends publications and marketing materials, including LORE Magazine, the REAL Trends newsletter and the blog. She is also the primary podcast interviewer where she conducts interviews with top real estate industry leaders and affiliated industry leaders. Tracey is married with two children.

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