In recent weeks, Station A has begun to reach out to property owners and managers directly, building on its experience linking its current developer partners to their customers. This could open up a new line of business, he noted.

“As we start to create this marketplace, our intention is to capture value by originating projects more directly [and] charging an origination fee to developers,” said Berkemeyer.

He declined to discuss Station A’s financial performance at present, or describe the majority ownership structure of the newly spun-out company. But he did say that it is seeking funding to expand, including adding two more employees to its four-person staff. “Right now, our customers are our investors — that is, they’re paying customers. That’s the way we like it.”