Santa Barbara, Calif.-based real estate management software firm Yardi has acquired Dallas-based Multifamily Insurance Group (MIG) in a move that allows it to provide renters insurance to its property owner clients.
Yardi will now offer insurance coverage through MIG’s ResidentShield for personal liability, personal property and living expenses for losses caused by fire, theft and other unexpected events through a single platform that also provides rental pricing, online resident services, utility billing and resident screening, according to Gordon Morrell, executive vice president and chief operating officer for Yardi.
The company said MIG principals Trip Stanford and Mike Composono have joined Yardi’s newly-formed insurance division.
MIG has sells renters and liability insurance for apartment residents via its insurance program, ResidentShield.
Yardi Systems offers real estate investment management and property management software.
Topics Mergers & Acquisitions California
Was this article valuable?
Here are more articles you may enjoy.
A-Cap Insurers File Suit Against SCDOI Director; AM Best Downgrades Group 
Florida’s Commercial Clearinghouse Plan Hits a Snag, With OIR and Board Concerns 
Cleared of Charges, NJ’s Norcross Sues Inquirer, Editor for $100M in Defamation Suit 
Independent Agencies Total About 37,000 in 2026, a Decrease From 2024 
