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RealPage to Acquire Axiometrics for $75M
RealPage Inc. agreed to acquire all the assets of Axiometrics, a leading provider of apartment market and student housing data. Axiometrics will merge with RealPage’s research arm, MPF Research, headquartered in the Dallas area. The $75 million acquisition is expected to close in February 2017. Additionally, RealPage entered into a long-term relationship with Real Capital Analytics (RCA). No organizational changes are planned for Axiometrics at this time.
“The acquisition of Axiometrics furthers our goal to become the definitive source for accurate data intelligence regarding the acquisition, operation and disposition of every market-rate apartment in the U.S.,” said Steve Winn, Chairman and CEO of RealPage.
“This is a big win for our clients and the multifamily rental housing industry,” said Ron Johnsey, CEO of Axiometrics. “By combining with RealPage, we will vastly expand our data coverage and forecasting capabilities and thereby increase the value we offer to all constituents in the apartment housing industry.”
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