Deal Snapshot
REALPAGE CLOSES USD 300M ACQUISITION OF APARTMENT REVENUE MANAGEMENT SOLUTIONS FIRM LRO
Thursday 07 December 2017

Texas, US-based software and analytics provider RealPage, Inc. (NASDAQ: RP) has closed the acquisition of the Lease Rent Options revenue management business from The Rainmaker Group, the company said. In February, RealPage agreed to acquire apartment revenue management solutions company Lease Rent Options (LRO) and related assets from The Rainmaker Group for USD 300m in cash.
RealPage expects to achieve incremental revenue and expense synergies accretive to its long-term revenue growth objectives and adjusted EBITDA margin expansion. LRO empowers optimised pricing for over 1.5 m apartments. RealPage said the acquisition expands its suite of solutions for precision data analytics and asset optimisation for the rental housing industry.


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Details
Date Published: 07/12/2017
Target: Lease Rent Options
Country: USA
Deal Size: 300m (USD)
Sector: Construction/Real Estate
Type: Corporate acquisition
Financing: Cash
Status: Closed
Vendor: The Rainmaker Group
Buyer: RealPage, Inc
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