US: Property management franchise company Casago has finalised its acquisition of Vacation rental platform Vacasa, marking a significant shift in the North American short-term rental market.
The transaction, valued at approximately $130 million, was completed on 30 April 2025, following approval from Vacasa’s stockholders on 29 April. Under the terms of the merger agreement, Casago acquired all outstanding shares of Vacasa at a price of $5.30 per share.
As a result of the acquisition, Vacasa’s common stock has ceased trading and is no longer publicly listed on the Nasdaq.
The combined entity now manages over 40,000 properties across North America, Belize, Costa Rica, and the Caribbean. Casago, founded in 2001 by former Army Ranger Steve Schwab, brings 25 years of experience delivering owner- and guest-focused management through its locally rooted model.
The acquisition was supported by Roofstock, a proptech platform, which invested in the transaction and has become a partner in Casago. Roofstock aims to leverage its decade of experience using technology to enhance property management capabilities, customer experience, and liquidity for residential property investors.
ShortTermRentalz previously covered the March announcement of the acquisition agreement, as well as Casago’s strategy to empower franchisees and bring profitability to the forefront of its operations.
Further details about Casago’s roadmap for the integration are expected to be shared in the coming months.
Key takeaways:
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Casago’s $130 million acquisition of Vacasa marks a major consolidation in the US short-term rental market, expanding its portfolio to more than 40,000 properties across North America and the Caribbean.
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The Vacasa brand will remain consumer-facing under Casago’s ownership, with a continued focus on local property management and enhanced support for vacation rental homeowners and guests.
