RealPage - RP STOCK NEWS

K1 Investment Management has announced a strategic growth investment in Board Intelligence, a leading board management software platform. Board Intelligence, established in 2010, serves over 40,000 leaders across 3,000 organizations worldwide, including major corporations and public sector entities. The company's AI-powered platform, Lucia, assists management teams in preparing concise reports for boards.

This partnership aims to drive Board Intelligence's next growth phase, focusing on organic growth, product and geographic expansion, and strategic acquisitions. K1 will become the sole institutional shareholder, with founders Jennifer Sundberg and Pippa Begg retaining minority stakes. The investment reflects K1's confidence in Board Intelligence's category leadership and potential for global expansion.

RealPage, a global leader in real estate software, has won the 2023 ENERGY STAR Partner of the Year Award for Sustained Excellence from the U.S. EPA and Department of Energy. This prestigious award, recognizing year-over-year dedication to energy efficiency, highlights RealPage's commitment to sustainability and innovation. The company's cutting-edge solutions, including Smart Water and Smart Waste, have helped operators of 11,000 buildings reduce water consumption by 20% and cut waste costs by 40%. RealPage's initiatives contribute to the growing standards for ESG and CSR compliance, enhancing property value while promoting environmental responsibility.

RealPage, Inc. has announced a definitive agreement to acquire HomeWiseDocs, a prominent provider of data and document services for the community association industry. This acquisition aims to enhance RealPage's product offerings and market position, particularly in the growing $4 billion community association sector. HomeWiseDocs serves over nine million homes in the U.S. and simplifies information disclosure tasks for property managers. The transaction is subject to customary conditions and is expected to close in Q4 2021.

RealPage, a global provider of software for the real estate industry, has announced its acquisition of G5 Search Marketing. This strategic move aims to integrate G5's digital marketing and analytics solutions into RealPage’s platform, enhancing marketing optimization and renter experiences. G5 serves over 8,300 sites and employs machine learning to reduce tenant acquisition costs. The acquisition is expected to be finalized in Q3 2021, retaining G5's employees and operations in Bend, Oregon. Together, they aspire to set new standards in marketing optimization within the real estate sector.

RealPage, a leading software provider for the real estate sector, has launched a new prepaid Mastercard debit card solution aimed at modernizing funds distribution. This first-to-market service simplifies the process of providing refunds, reimbursements, and incentives to residents, significantly reducing operating costs associated with traditional paper-based payments. According to Senior VP Nancy Crouch Morlini, this solution fosters efficiency and drives digital adoption within property management.

RealPage has launched Smart Water, an innovative solution using submeter technology aimed at reducing water management costs in the multifamily real estate sector. Initial trials suggest an annual savings of about $67 per unit by addressing leaks. Significant water conservation has been reported, with clients saving up to 750,000 gallons in three months and one Denver property saving 6,000,000 gallons annually, equating to $130,000. Smart Water features real-time data monitoring, a user-friendly web application, and resident engagement tools to promote sustainable living.