Real estate investment platform RealtyShares buys competitor Acquire Real Estate

The online funding platform wants to build a stock market for real estate

RealtyShares, an online funding platform that lets investors buy fractional ownership of properties, has acquired competitor Acquire Real Estate. The deal marks the first acquisition in the online real estate investing industry and will help RealtyShares develop new technology, including a secondary market through which investors can trade shares of real estate equity or debt, RealtyShares CEO Nav Athwal said.