The Work Index by Flexa

Groma

Groma is a vertically integrated real estate investment, development, and management company focused on improving the future of cities.

https://www.groma.com/
6.0

/10

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Description

Groma is a vertically integrated real estate company with a focus on small-unit-count multifamily assets, primarily in the Greater Boston area. Founded in 2020, they combine traditional real estate investment, development, and management with cutting-edge technology to improve outcomes for investors, tenants, and the communities they serve. They leverage technology for increased efficiency in sourcing, acquiring, renovating, and managing properties, while also providing greater transparency and access to their investor community.

Groma's flagship investment vehicle is the GromaREIT, a blockchain-powered real estate investment trust that aims to democratize property ownership. Through the GromaREIT, they provide investors with a diversified portfolio of multifamily properties and the opportunity to participate in a passive, income-generating investment with the potential for long-term appreciation. Their focus on small-unit-count multifamily addresses a critical need for quality, affordable housing while offering attractive investment opportunities in a traditionally underserved sector.

Flexibility

Groma values in-person collaboration and maintains a dynamic in-office culture at their headquarters in Boston. However, they recognize the need for flexibility from time to time, so employees can expect some flexibility to work remotely or adjust their schedules as needed. The company also has amenities like a gym, showers, a game room, and a rooftop garden to make the office a comfortable work environment.

Office based

Benefits

Groma offers a competitive benefits package that includes health, dental, and vision insurance, a 401(k) with a 5% company match, paid time off, and fully covered commuter passes for public transportation. They also provide 13 official company holidays, a floating holiday, and competitive compensation.

Mission

Groma is a vertically integrated real estate company that combines traditional investment, development, and management with cutting-edge technology. They aim to create better outcomes for investors, tenants, and the communities they serve through their tech-driven approach to small-unit-count multifamily assets. Their mission is to make real estate investment and ownership more accessible and efficient while improving the quality of housing and contributing to the growth of their communities.

Automation
Data-driven
Disruptor
Environmental impact driven
Improving quality of life/health
Social impact led
Sustainability
Tech for good

Culture

Groma fosters a dynamic, collaborative, and results-oriented work environment. They value pragmatism and idealism, emphasizing teamwork over individual heroism. The company's focus on complex conversations reflects their involvement in nuanced fields like housing and blockchain policy, where thoughtful solutions to real-world challenges are paramount. While they promote a healthy work-life balance, they acknowledge the ambitious goals and fast-paced nature of the company, sometimes requiring commitments outside of traditional work hours.

Agile and dynamic
Collaborative
Engaging
Entrepreneurial
Fast-paced
Fun
People-first
Progressive
Supportive
Transparent

DE&I

Groma is focused on creating a diverse, equitable, and inclusive workplace, believing that diverse teams are more effective. They are committed to building a company that reflects the communities they serve and providing equal opportunities for all employees. Groma emphasizes collaboration and respectful discourse, aiming to foster a supportive and inclusive environment where all voices are valued and heard.

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