X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

CARROLLTON, TX-RealPage Inc. has acquired its second company in about two months. This time, the Carrollton, TX-based company is bringing the headquarters home along with a principal as it pushes ahead to develop high-tech products aimed at real-time management of multifamily properties.

RealHound.com will shift from Irvine, CA to Carrollton as its principal Andrew Blount slides in as RealPage’s vice president of product management. In turn, RealPage will open a Laguna Beach, CA satellite office, where Blount will spend part of his time. RealPage also has an office in Burlington, VT.

In mid-July, RealPage acquired YieldStar, a revenue management system with real-time information delivery for the multifamily sector. Sold by Houston-based Camden Property Trust, the product is the foundation for OneSite Revenue Management, which will be released later in the year. YieldStar too was developed in part by the RealHound team.

For RealPage, the new deal means it now owns the development team and the software for its newest product, OneSite Portfolio, which is designed to handle just what the name implies–entire portfolios. The system runs reports on nearly any statistic from any property or group of assets in a portfolio. Essex Property Trust Inc. and MidAmerica have rolled out the product for their portfolios.

RealPage is a consortium of five corporations delivering products and research to the multifamily industry. Its wares are used by more than 21,000 apartment communities in the US for such areas as leasing, applicant screening, property management, budgeting and keeping tabs on competitors’ data.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?

GlobeSt. APARTMENTS SPRING 2021Event

Join 1000+ of the industry's top owners, investors, developers, brokers & financiers at THE MULTIFAMILY EVENT OF THE YEAR!

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.