Thursday, February 25, 2021

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Redfin: Acquires RentPath, for $608M

  • Redfin (NASDAQ: RDFN), a Seattle, WA-based technology-powered real estate brokerage, is to acquire RentPath, the Atlanta
  • The acquisition will bring together a site for buying a home with a site for renting a home, giving people trying to move a complete view of her options
  • RentPath simplifies the apartment search experience for millions of consumers, connecting property-management companies with qualified prospective renters
  • The RentPath network of websites reached 16 million monthly visitors on average in 2020, and recorded full year 2020 revenue of $194 million
  • Redfin also provides a technology-powered real brokerage search site which uses a combination of local real estate agents and technology to buy or sell a home
  • Redfin will also increase RentPath’s reach, creating more rental opportunities for the rental properties promoted on RentPath sites

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