News
CoStar Group ID'd as Potential Suitor for $1.8B RealPage
November 12, 2014
Eagle Asset Management Fund Manager Eric Mintz tells Bloomberg that CoStar Group is a logical strategic bidder for the $1.8B company RealPage, which is being pushed to explore strategic options by an activist investor after the firm turned down a buyout bid from Vista Equity Partners.
RealPage's Web-based property management platform allows landlords nationwide to streamline their listings on rental resource sites like Apartments.com, which CoStar acquired for $585M in cash in April. Bloomberg says CoStar's strong currency would position it well for a bidding war with private equity.
