Ashcroft Capital, a fully integrated multifamily investment firm, today announced its acquisition of Halston Riverside (formerly Retreat at Riverside), a garden-style apartment community in the Atlanta suburb of Lawrenceville. Birchstone Residential, Ashcroft Capital’s in-house property management company, has assumed management of the community.

Zego (Powered by PayLease), the property technology company that powers resident experience management for the multifamily and HOA industry, today announced the acquisition of Mobile Doorman, the multifamily industry's leading mobile resident engagement and data analytics solution. This is Zego’s third acquisition in two years and reflects the rapidly evolving demands of the rental housing industry, including modernization of mission-critical processes like leasing, communication, maintenance, and payment collection.

RentPath announced today that it has terminated the agreement to be acquired by CoStar Group following the FTC's decision to sue to block the transaction.  The FTC filed suit because it believes that RentPath presents a strong competitive alternative to CoStar and the merger would have eliminated that competition to the detriment of customers.  The Company believes termination of the agreement is in the best interests of its customers, employees and all of its stakeholders.  The Company's Chapter 11 plan remains backed by its lenders including well-known alternative asset management firms with billions of dollars under management and strong track records of successfully investing in businesses in similar circumstances. The lenders are committed to the Company's long-term vision and believe that management's renewed focus on delivering significant value to customers through RentPath's core apartment search platform and other high growth products will also benefit investors and other stakeholders.

RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, today announced it has entered into a definitive agreement to be acquired by Thoma Bravo, a leading private equity investment firm focused on the software and technology-enabled services sector, in an all-cash transaction that values RealPage at approximately $10.2 billion, including net debt.

GI Partners, a leading private investment firm, announced today that it has acquired Valet Living, the largest nationally-recognized, full-service amenities provider to the multifamily housing industry. GI Partners acquired Valet Living from a fund managed by the Private Equity Group of Ares Management Corporation (NYSE:ARES) and Harvest Partners, LP.

The Home Depot®, the world's largest home improvement retailer, today announced it has entered into a definitive agreement to acquire HD Supply Holdings, Inc., a leading national distributor of maintenance, repair and operations (MRO) products in the multifamily and hospitality end markets. The acquisition is expected to position The Home Depot as a premier provider in the MRO marketplace.

SightPlan®, a leader in multifamily service management, today announced its acquisition of top due diligence provider InfoTycoon. 

SightPlan, in its continued effort to provide pioneering innovations for multifamily owners and operators, will use the acquisition to extend its industry-leading service platform with more advanced due diligence solutions for real estate transactions. The expanded services enable SightPlan to deliver a comprehensive solution for managing the entire property lifecycle. 

InfoTycoon, winner of The National Multi-Housing Council’s LaunchPad Startup competition, is the innovator of digital due diligence in multifamily real estate, including unit and exterior inspections and lease file audits. The company’s asset management and inspections technology has been used by companies comprising more than half of the NMHC Top 50 to assist in the sales transactions of an estimated $200 Billion of multifamily real estate. 

“We’ve always admired InfoTycoon’s innovation in the due diligence space,” said Terry Danner, SightPlan CEO. “Their product offering combined with SightPlan’s extensive platform and customer base help solidify our ongoing commitment to deliver the industry’s most advanced and extensive service platform. Having been an operator for more than 30 years, myself, and the team at SightPlan, are continuing full throttle to meet the industry’s growing challenges. Through our combined resources, we can deliver even greater value to our customers”. 

InfoTycoon’s COO Maanav Mahindru, who will join SightPlan as Executive Vice President, said the company is thrilled to merge with a forward-thinking organization. 

“SightPlan is always working on the cutting edge and they’re really blazing the future path for on-site operations in multifamily. That’s where we want to be,” Mahindru said. “We share their vision and we’re excited to add our due diligence expertise to expand their deep knowledge of multifamily operations.”

JLL Capital Markets arranges the sale and financing for the 171-unit multi-housing property to Trailbreak Partners