RealPage Acquires MyNewPlace For $74.4 Million

Posted Aug 25, 2011

RealPage is a property management company that has acquired Multifamily Technology Solutions Inc. for $74.4 million in cash and stock. Multifamily is the parent company of MyNewPlace.

RealPage is paying $63.6 million in cash and $10.8 million in stock. RealPage said that this deal will increase the number of property units that use one of their products and services to 6.9 million. RealPage is now expecting revenue of $67-$68 million in the third quarter ending September 30th.