Snell & Wilmer Advises Roofstock on Casago Investment Amid Vacasa Take-Private Acquisition

PHOENIX – Snell & Wilmer is proud to announce its representation of Roofstock, a leading proptech and property management platform, in connection with Roofstock’s strategic investment in Casago, in connection with Casago’s take-private acquisition of Vacasa.

This strategic growth underscores Roofstock’s dedication to providing a comprehensive platform that offers exclusive data and high-quality tools, empowering real estate investors of all scales to efficiently research, acquire, oversee, and enhance both long-term and short-term rental properties.

“Today is an exciting day at Roofstock and for our industry. Historically, we have focused on providing end-to-end real estate investment services for the SFR industry across the ownership lifecycle; from buying to managing to selling. We are excited to extend this suite of products and tools to the massive short-term rental sector, and we couldn’t be more excited to partner with Casago,” said Gary Beasley, co-founder and CEO of Roofstock, in a recent press release.

In a recent statement issued earlier this month, Casago founder and CEO Steve Schwab commented, “Today marks an exciting new chapter as Casago and Vacasa come together. Our vision is clear: to build the most trusted brand in vacation rental management — one relationship at a time. By combining our strengths, we will create new opportunities for our homeowners, guests, partners, and teammates, while staying true to the values that have made Casago who we are. This isn’t just the joining together of two companies; it’s a commitment to service, to hospitality, and to delivering a better way of caring for a second home.”

Following Casago’s acquisition, Vacasa’s common stock has ceased trading and is no longer publicly listed on the Nasdaq.

This transaction underscores Snell & Wilmer’s commitment to offering innovative legal solutions in complex proptech and real estate transactions. Tony Caldwell led the Snell & Wilmer team advising Roofstock on this deal. The team also included Snell & Wilmer attorneys Brian Burke, Bahar Schippel, Bryce Morgan, Dana Ontiveros, and Angela Kim.

Snell & Wilmer’s corporate and securities attorneys have served as counsel to a substantial number of clients ranging from Fortune 100 companies to smaller emerging businesses. Our attorneys have provided sophisticated legal representation to biotech companies, health care and financial institutions, public utilities, homebuilders, transportation companies, restaurant and hospitality providers, athletic complexes, fitness facilities and many other types of businesses. Snell & Wilmer’s venture capital and private equity practice covers multiple aspects of the transactional arena involving public and private companies, including the structuring and execution of majority buyouts and minority investments, acquisitions (including buy- and sell-side deals, as well as negotiated and auction deals), financings (including 144A transactions and PIPEs), going-private transactions, and spin-off transactions. Our venture capital and private equity attorneys advise both domestic and international funds, including venture capital, private equity, hedge, mezzanine, real estate opportunity, fund-of-funds, exchange, and other private investment funds.