Summary
- RealPage has closed its recently announced acquisition of Rentlytics for $57 million.
- Rentlytics aggregates multifamily property data to assist owners and managers in achieving better operational and renovation visibility and decision-making.
- The deal helps RealPage expand its available integrations, addressable market, and product offerings with a new renovation manager module.
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Quick Take
Property management software firm RealPage (RP) has closed on its acquisition of Rentlytics for $57 million in an all-cash transaction.
Rentlytics operates as a cloud-based real-estate data analytics and management company.
With the acquisition, RP is increasing its addressable market with additional integrations while adding a new renovation workflow piece that helps property owners improve yield decisions on a per property basis.
