Industry NewsTechnology

RealPage acquiring real estate rentals site MyNewPlace

Deal worth about $74M
Published on Aug 23, 2011

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by CareyBot

Property management software company RealPage Inc. has signed a definitive agreement to acquire the operator of popular online apartment marketplace MyNewPlace, the company announced Monday. The transaction is expected to close on or before Aug. 24.

A consumer search site for rentals, MyNewPlace routinely ranks among the top 20 most-visited real estate websites in the country, according to Web rankings from Experian Hitwise. The site ranked 11th in July, with 1.