Real estate company Opendoor is naming Greg Hiltz as the senior general manager of Opendoor Dallas, a position that essentially makes him CEO of the local market. Hiltz comes to the position after serving in the same capacity for Opendoor in Jacksonville and plans to focus on growing the team and customer base, while building relationships with local homebuilders.
Before Opendoor, Hiltz ran operations at Tim Hortons and served as vice president at PIMCO.
Opendoor Dallas launched in February 2015, soon after the company’s founding in Phoenix. Opendoor was an early player in the real estate iBuyer category, which now includes both startup and legacy real estate companies like Zillow, Keller Williams, and Redfin. Dallas currently makes up Opendoor’s second largest U.S. market, the company told Dallas Innovates.
Opendoor has worked with almost 12,000 local home buyers and sellers and infused more than $74 million into the North Texas small business community by working with local contractors and tradespeople rehabbing homes to be sold, according to the company. Plus, Dallas agents have earned over $34 million in commission through Opendoor. The company has capital on hand for growth including $1.3 billion in equity and more than $3 billion in debt raised.
Since the local housing market has recently become unpredictable, Opendoor is “laser focused” on accurate pricing and is evaluating market dynamics to “stay in front of a changing and competitive market,” according to the company.
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