DOJ Clears RealPage's $300M Rent-Pricing Provider Deal

Law360, New York (November 29, 2017, 9:06 PM EST) -- Real estate data analytics and software provider RealPage announced Tuesday that its proposed $300 million acquisition of a revenue management system has been approved by the U.S. Department of Justice, clearing the purchaser’s latest move to bolster its data-driven pricing options for apartment complex owners and operators seeking to lease their properties.

The acquisition, which is expected to close next month, involves the purchase of The Rainmaker Group’s Lease Rent Options unit, which uses data from 1.5 million apartments to help property owners and operators set rental prices.

“We believe we have all of the components necessary to offer new and...

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