Deal Snapshot
Redfin Closes USD 608m Acquisition of Home Rental Network RentPath
Wednesday 07 April 2021

US-based online real estate marketplace Redfin (NASDAQ: RDFN) has closed the acquisition of Atlanta-based home rental network RentPath for USD 608m in cash, to combine homebuying and apartment rental services, the company said.

Redfin uses a combination of local real estate agents and technology to make it easier, faster and less costly to buy or sell a home. RentPath simplifies the apartment search experience for millions of consumers, connecting property-management companies with qualified prospective renters. The RentPath network of websites reached 16m monthly visitors on average in 2020, and recorded full year 2020 revenue of USD 194m.

Date Published: 07/04/2021