Overview
- Kasa will integrate nearly 1,000 Mint House units through a cashless, all-equity transaction that expands its U.S. footprint.
- Named integrations include the landmark 70 Pine Street property in Lower Manhattan plus locations in Washington, D.C., Dallas, Nashville, St. Petersburg and Tampa.
- Kasa says it will onboard the majority of Mint House’s 22 properties while excluding or closing some assets, with Nashville’s Hillsboro Village not being integrated.
- Mint House CEO Christian Lee is joining Kasa as a senior advisor to support the transition and maintain continuity for owners and partners.
- Kasa projects the combination to be immediately EBITDA-accretive, though detailed return metrics and the definitive property list were not disclosed.