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RealPage acquires senior housing site SeniorLiving.net

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RealPage Inc., a company focused on software-as-a-service products and services for apartment communities and the single-family rental market, has acquired SeniorLiving.net, a free search site that assists consumers seeking senior care providers. RealPage paid $4.5 million in cash, with "the potential to earn additional consideration upon achieving future financial targets through June 2014," according to the companies' announcement. SeniorLiving has had revenue below $1 million and operated at a loss in the previous 12 months. The site was founded in 2008 by Todd Walrath, former chief operating officer of Weather.com and group vice president of AOL local search. Contact Inman News: Email Letter to the Editor ...