CoStar Group has acquired troubled apartment listing firm RentPath for $588 million. The real estate data giant’s all-cash deal will take RentPath out of Chapter 11 bankruptcy, the companies announced Tuesday evening. The purchase is subject to bankruptcy court and regulator approval. Discussions around the deal were first reported by the Wall Street Journal. The acquisition adds to CoStar’s apartment-listings businesses, which it has built alongside a sprawling commercial real estate information service. RentPath is
source https://therealdeal.com/2020/02/12/costar-acquires-troubled-rental-listings-firm-for-588m/
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