Entrata, a vendor of multifamily management software, announced that it had acquired Rent Dynamics,  which provides resident rent reporting and financial resources that focus on economic inclusion and residential financial health.

The companies did not disclose financial terms of the deal.

Rent payment reporting to credit agencies has been seen as a way to improve credit standing of consumers. Regular timely payments reports can be accepted and noted by credit reporting agencies, helping to establish or improve an individual's credit score.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.