RealPage, Maker of Multifamily Management Software, Acquired

RealPage, Maker of Multifamily Management Software, Acquired By Equity Firm


Real estate analytics and software company RealPage announced Monday that it has agreed to be acquired by private equity firm Thoma Bravo.
RealPage is a publicly traded company, and the deal will involve paying stockholders $88.75 in cash per share. That’s more than 30 percent higher than the $67.83 per share that RealPage’s stock commanded on Friday.
Following Monday’s announcement, the price of RealPage shares shot up to more than $89.
Credit: Google
RealPage provides a variety of real estate software tools, including a multifamily management platform that can handle things like rent payments, utilities, and renters insurance. In a statement Monday, the company said it “enables real estate owners and managers to change how people experience and use rental space.” The firm also provides market analysis products.

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