Redfin to Acquire RentPath, for $608M
Summary
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. Dhiren Fonseca, CEO, 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. Led by CEO Glenn Kelman, Redfin 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.