Opendoor Makes Ownership Stake in Title Resources Group
March 30, 2023
Opendoor Technologies Inc., which provides an e-commerce platform for residential real estate transactions, acquired a minority stake in Title Resources Group (TRG).
Financial terms were not disclosed.
Opendoor joins Centerbridge Partners LP, Anywhere Real Estate Inc. and HomeServices of America as ownership partners.
"We are thrilled to have Opendoor and their innovation in the purchase market become part of TRG,” said Scott McCall, president and CEO of TRG. “We are also very excited to work together with the team at OS National, a national title and escrow company wholly owned by Opendoor.”
Charles Chacko, co-CEO of OS National, added, “Like us, TRG places their customers first and strives to lead their sector with innovative products. Our investment strengthens our partnership with them and will further enhance the value we can bring to our customers and the industry. We look forward to what we can accomplish with TRG.”
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