MBA NewsLink Staff
RealPage To Acquire Rentlytics
RealPage, Richardson, Texas, agreed to acquire Rentlytics, San Francisco, for nearly $57 million.
Rentlytics provides apartment owners with data across multiple third-party systems, resolving system incompatibility, data accuracy issues and time-to-analysis delays. The acquisition will expand RealPage's performance analytics platform by nearly 900,000 multifamily units.
Rentlytics' Renovation Manager software manages apartment renovation workflow and provides data on per-unit and per-property yields achievable through renovations. More than 10,000 properties are currently under renovation in the U.S. as apartment owners stretch for higher rental yields. RealPage CEO Steve Winn said the firm intends to offer this product to clients immediately upon the acquisition's completion.
Freddie Mac Prices $855 Million Multifamily Loan Securitization
Freddie Mac, McLean, Va., priced a new offering of Structured Pass-Through K Certificates backed by floating-rate multifamily mortgages with 10-year terms.
Freddie Mac said it expects $855 million in K-F52 Certificates to settle on or about October 29. Morgan Stanley & Co. LLC and Citigroup Global Markets served as Co-Lead Managers and Joint Bookrunners.