Data Firm RealPage Picks Up Info Provider In $300M Deal
By Fola Akinnibi (March 1, 2017, 3:38 PM EST) -- Real estate data analytics and software provider RealPage is set to buy a Rainmaker Group unit for $300 million, marking the purchaser's latest move to bolster its data driven pricing options for the owners and operators of multifamily complexes, the companies said.
The cash deal will see RealPage Inc. pick up The Rainmaker Group's Lease Rent Options unit, a revenue management system that uses data to help multifamily property owners and operators decide new and renewal rental prices that boasts pricing data for 1.5 million apartments, the companies said in a joint statement Monday.
Monday's deal comes about a month after...
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