Investment will Support Platform Development and Increased Client Service Functions
Playa Vista, CA, April 05, 2018 (GLOBE NEWSWIRE) -- Furnished temporary accommodations specialist Regency Lived, formerly Regency Corporate Living, has announced a revenue-based growth financing agreement with Decathlon Capital Partners.
The company, which provides longer-duration housing solutions to relocating corporate employees, military personnel, government agencies, insurance carriers, and high-end domestic and international travelers will use the capital to increase its client service functions and further expand its platform.
“Our vision is to empower people to inspire themselves to see bigger than their current world,” said Founder & CEO Dariush Karbassyoon. “We are pioneering the temporary housing space to ensure that the inspiration and motivation we all crave to fuel us in achieving ‘extraordinary’ doesn’t stop at 5 pm, but is central to our lived experience at home. Partnering with Decathlon enables us to continue executing on this vision and expanding our portfolio of unique offerings and services to our clients and residents.”
“Regency’s core expertise is high-quality, turn-key interim housing solutions,” added EVP, Susan Balducci. “Any company can rent an apartment. We provide a living experience for our clients. With the capital from Decathlon, we’re well positioned to expand our geographic footprint and improve our customer experience.”
“Regency Lived has found a way to offer those in need of longer-term accommodations of a month or more a luxury experience customized to their specific needs,” noted Decathlon Capital’s John Borchers. “Whether catering to corporate, high-end travelers, military, government clients – or even disaster housing – Regency is dedicated to providing an optimal experience for its clients. Our non-dilutive, revenue-based financing was a perfect mechanism to help the company grow.”
About Regency Lived
Founded in 2009, Regency Lived is a leader in temporary housing and relocating solutions. The company works with Fortune 500 companies, domestic and international high-end travelers, military services, government and state agencies, and prides itself in its ability to provide an experience in extraordinary accommodations. Learn more at www.regencycorporateliving.com.
About Decathlon Capital Partners
Decathlon Capital Partners provides growth capital for companies seeking alternatives to traditional equity investment. Through the use of highly customized revenue-based financing solutions, Decathlon provides long-term growth capital without the dilution, loss of control and operational overhead that often comes with equity-based funding. With offices in Palo Alto and Park City, Decathlon is the largest revenue-based funding investor in the U.S. and is active across a wide range of sectors. Learn more at www.decathloncapital.com.