The acquisition is expected to close in February. For the year that ended Dec. 31, 2016, revenue for Axiometrics is forecasted to be approximately $13.8 million, reflecting annual growth of 27% compared to 2015. RealPage expects the acquisition of Axiometrics to represent a valuation of approximately eight times EBITDA once fully integrated by early next year.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.

RICHARDSON, TX—RealPage Inc. is acquiring substantially all of the assets of apartment market data provider Axiometrics for $75 million in cash, and will integrate the Axiometrics platform with that of RealPage's MPF Research division. Additionally, RealPage has entered into a long-term relationship with Real Capital Analytics for its multifamily sales transaction data.

“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 US,” says Steve Winn, RealPage's chairman and CEO. The company is aiming for the combined platform to become the most-referenced apartment data analytics solution in the US.

RealPage says the combination will significantly increase the transparency of transactions in the $150-billion market for multifamily property sales, with what the company says will be the most accurate market fundamentals, forecasts and asset-level granularity. It also accelerates achievement of RealPage's vision for its data analytics platform to enable clients to make informed decisions regarding apartment capital allocations, construction, acquisitions, management and dispositions.

In terms of the company's financials, the acquisition contributes to RealPage's 2020 goal of $1 billion in revenue and $300 million in adjusted EBITDA, once Axiometrics is fully integrated by early 2018.

The acquisition is expected to close in February. For the year that ended Dec. 31, 2016, revenue for Axiometrics is forecasted to be approximately $13.8 million, reflecting annual growth of 27% compared to 2015. RealPage expects the acquisition of Axiometrics to represent a valuation of approximately eight times EBITDA once fully integrated by early next year.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.