Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SANTA BARBARA, CA-Locally based Yardi Systems has acquired New York City-based PropertyShark, creators of the PropertyShark.com property data research web site, in the second major acquisition by Yardi in recent weeks. Yardi acquired PropertyShark “to integrate deep property data into the Yardi suite of real estate investment management and property management software,” according to a statement by the Santa Barbara-based company.

Gordon Morrell, Yardi’s executive vice president and chief operating officer, comments in the statement: “PropertyShark’s aggregation of real estate data from hundreds of sources into a single property research website has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs like New York and Los Angeles.” Morrell says the incorporation of PropertyShark into Yardi’s systems will expand its service nationally and “provide our clients with fully integrated access to detailed property information.”

Matthew Haines, PropertyShark’s founder, started the company in 2002 as a means to access “hard-to-reach property information held by sellers, city agencies and brokers” in order to “make informed decisions about real estate investments I was considering,” Haines said. He said that the acquisition by Yardi will benefit “everyone involved in buying, managing, and selling real estate based on transparent and comprehensive research.” Some of the types of information provided by PropertyShark.com includes building details, ownership information, recent sales prices, property values and comparable sales, maps, for-sale and for-lease listings, foreclosures and pre-foreclosures, mailing lists, photos, and educational classes on all aspects of property.

The purchase of PropertyShark follows Yardi’s recent acquisition of Waltham, MA-based RentGrow. That acquisition, according to Yardi Systems founder Anant Yardi, enabled Yardi to “meet a growing demand among multifamily housing providers to incorporate credit checks, rental payment history searches, background checks, and other applicant screening functions into their core property management system.”

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
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


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 © 2020 ALM Media Properties, LLC. All Rights Reserved.