Thursday, November 4, 2010
RealPage Buys Level One
Carollton-based RealPage, a provider of software and services to the rental housing industry, said this week that it has acquired substantially all of the assets and select liabilities of Level One, an operator of apartment leasing centers. RealPage said it paid $54M in cash, plus a deferred payment of $8M for Level One. RealPage said it would combine Level One with its CrossFire product family, which provides leasing and maintenance services to apartment communities.