NEW YORK, July 1, 2025 — Perchwell, the enterprise-grade data and workflow platform powering the residential real estate industry, today announced the appointments of Adrian Facini as Vice President of Product and Joe Kondel as Vice President of Engineering. The hires mark a significant milestone in Perchwell’s trajectory and underscore its commitment to building the most intelligent, data-driven, and connected MLS platform on the market.

Facini and Kondel bring decades of combined experience designing and scaling multiple systems that power multi-billion-dollar platforms. At Carta, Facini led the development of CartaX, an SEC-approved broker-dealer that brought structure and scale to an opaque, fragmented market and executed over $5 billion in private market transactions. At IEX, a challenger to legacy stock exchanges built for transparency and performance, Kondell led engineering teams that scaled the platform to 3.5% of U.S. equities market share.

“Adrian and Joe bring a rare mix of enterprise-grade platform expertise and customer-centric innovation” said Brendan Fairbanks, CEO of Perchwell. “Their track record of building secure, high-scale systems in complex industries together as a team aligns perfectly with Perchwell’s vision of modernizing real estate’s critical infrastructure.”

As the real estate industry faces unprecedented changes driven by new regulations, ongoing litigation, and evolving agent expectations, Perchwell has emerged as the first major innovator in MLS software in decades. Built with modern architecture designed to navigate this shifting landscape, the company has earned backing from some of the nation's most innovative MLSs, including CRMLS, Stellar MLS, and REcolorado, and is now expanding rapidly across the country.

"We've seen how powerful platforms can transform capital markets, and we believe real estate deserves that same level of innovation," said Joe Kondel. "We're building tools that address the core workflow challenges in residential real estate."

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About Adrian Facini, VP of Product

Facini is a veteran product leader with deep experience building and scaling financial platforms. As Head of Product at Carta, he helped launch and scale CartaX, overseeing product strategy and execution for the company's most regulated offering. His experience in user-centric design, regulatory architecture, and financial data systems will shape Perchwell’s next generation of MLS technology.

About Joe Kondel, VP of Engineering

Kondel brings over 20 years of experience leading engineering and reliability teams at scale. At IEX, he oversaw core trading infrastructure and led platform-wide initiatives in security, performance, and scalability. His expertise ensures that Perchwell’s platform can meet the rigorous demands of a modern MLS—while delivering intuitive, high-performance tools for agents and brokers.

About Perchwell

Perchwell is the modern data and workflow platform transforming the critical infrastructure of residential real estate. The company’s comprehensive suite of tools empowers MLSs, brokerages, and agents to make faster, more informed decisions and deliver superior client experiences. With robust data integration, intelligent market research tools, and seamless collaboration capabilities, Perchwell is building the future of how real estate professionals operate. Learn more at perchwell.com.