LoneTree Capital, a New York-based growth capital firm, has announced a strategic investment in Carson Living, a provider of integrated access control, remote doorman, and resident engagement software for multifamily properties. This investment aims to fuel product innovation, expand Carson’s national footprint, and enhance its support for property owners and managers within the multifamily real estate sector.
Founded in 2017, Carson offers a unified platform that enables property managers and residents to manage building access, deliveries, and communication. The company’s technology integrates with a range of hardware and software partners, creating a “one-app resident experience™” designed to improve building security, enhance resident satisfaction, and increase operational efficiency for property teams. Carson has experienced significant growth, quadrupling its revenue since 2021, and its platform is currently utilized in nearly 1,000 residential properties across the United States and Europe.
Mike Devine, Partner at LoneTree, commented on the investment, stating, “Carson has built a differentiated product suite that sits at the intersection of building operations and resident engagement. We’re excited to partner with the Carson team to accelerate product innovation and expand the company’s footprint within the rapidly growing smart-building market.”
Guy Blachman, Founder and CEO of Carson, added, “Our mission has always been to make property management and resident life simpler and more connected. Partnering with LoneTree provides us with the expertise and resources to accelerate that mission and scale our platform to serve more communities. LoneTree’s experience successfully scaling companies at our stage and their unique partnership mindset were highly attractive to our team and we’re excited to have them as partners for the next phase of our journey.”
This investment marks the sixth platform investment from LoneTree’s first fund, a $200 million fund that closed in February 2025. As part of the investment, Mike Devine, Rhett Lambert, and Peter Bozian will join Carson Living’s Board of Directors. The specific terms of the deal were not disclosed.
Software Equity Group served as financial advisor to Carson, while Hinckley, Allen & Snyder LLP provided legal counsel to LoneTree. LoneTree Capital, established in 2021 and headquartered in New York City, provides operational and M&A support alongside flexible capital to accelerate revenue growth for partner companies, including founder-owned businesses, divisions of larger enterprises, and formerly venture-backed companies.
