RealPage

RealPage is an American multinational corporation that provides property management software for the multifamily, commercial, single-family and vacation rental housing industries. Dana Jones is Chairman of the Board & Chief Executive Officer.[1]

RealPage
TypePrivate
Nasdaq: RP
IndustrySoftware
HeadquartersRichardson, Texas
OwnerThoma Bravo
Websitehttps://www.realpage.com/

History

RealPage was founded in 1998 with the acquisition of Rent Roll, Inc.,[2] a provider of on-premises property management systems for the conventional and affordable multifamily rental housing markets.

RealPage moved its corporate headquarters to Richardson, Texas in 2016, and in 2017 acquired four companies - apartment market data provider Axiometrics, utility and energy management company American Utility Management, revenue management and pricing provider Lease Rent Options and also On-Site, a leasing and marketing platform company.[3]

In 2018, RealPage announced an agreement to purchase electronic payment platform company ClickPay, located in Hackensack, New Jersey.[4]

July 2019, RealPage acquired utility management company SimpleBills.[5]

December 2019, RealPage acquired Buildium.[6]

In January 2020, RealPage has agreed to acquire Modern Message, Inc.[7]

In September 2020, RealPage acquired real estate loT startup Stratis[8]

In December 2020, private-equity firm Thoma Bravo announced it would acquire RealPage for $9.6 billion, paying $88.75 per share for the company, a premium of 31% for their closing prices at the time. Its shares were reported up 26% that year.[9] The acquisition completed in April 2021.[10]

References
  1. Reuters
  2. "Rent Roll, Inc. and RealPage Communications, Inc. Merge. - Free Online Library". Thefreelibrary.com. Retrieved 2016-02-24.
  3. "RealPage continues expanding, agrees to buy On-Site for $250 million - Acquiring leasing and marketing platform for rental properties". www.housingwire.com. August 2, 2017. Retrieved 2018-06-28.
  4. "BRIEF-Realpage To Acquire Clickpay For $218.5 Mln". www.reuters.com. April 20, 2018. Retrieved 2018-06-28.
  5. "RealPage makes another purchase – and this time it's a Texas technology firm". realpage.com. Retrieved 2019-07-29.
  6. "RealPage to Acquire Buildium". realpage.com. Retrieved 2020-07-07.
  7. "RealPage to Acquire Modern Message". finance.yahoo.com. Retrieved 2020-02-06.
  8. "RealPage acquires real estate IoT startup Stratis". techcrunch.com. Retrieved 2020-09-03.
  9. Lombardo, Miriam Gottfried and Cara (2020-12-21). "WSJ News Exclusive | Thoma Bravo Agrees to Buy RealPage for $9.6 Billion". Wall Street Journal. ISSN 0099-9660. Retrieved 2020-12-22.
  10. "Thoma Bravo Completes Acquisition of RealPage" (Press release). Business Wire. April 22, 2021.
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