What to expect at HousingWire’s Spring Summit

The focus of the Summit is The Year-Round Purchase Market. Record low rates led to a banner year for mortgage lenders in 2020, and this year is expected to be just as incredible.

Increasing lending and servicing capacity – regardless of rates

Business process outsourcing and digital transformation are proven solutions that more companies in the mortgage industry are turning to. Download this white paper for more.

HousingWire's 2021 Spring Summit

We’ve gathered four of the top housing economists to speak at our virtual summit, a new event designed for HW+ members that’s focused on The Year-Round Purchase Market.

An Honest Conversation on minority homeownership

In this episode, Lloyd interviews a senior research associate in the Housing Finance Policy Center at the Urban Institute about the history and data behind minority homeownership.

IPO / M&AReal Estate

Thoma Bravo acquires RealPage for $10.2 billion

Comes after Thoma Bravo's August sale of Ellie Mae to Intercontinental Exchange

Private equity investment firm Thoma Bravo will acquire proptech company RealPage in a transaction valued at approximately $10.2 billion, including net debt, according to a release.

The transaction, which was unanimously approved by the RealPage board of directors, is expected to close during the second quarter of 2021 and will make RealPage a privately held company. Under terms of the agreement, RealPage stockholders will receive $88.75 in cash per share.

RealPage plans to continue operating under its Chairman and CEO Steve Winn and the existing RealPage leadership team in Richardson, Texas.

“We believe this transaction will provide immediate and substantial value to RealPage stockholders, reflecting the tremendous work that our employees have done to build this company,” Winn said.

“I am immensely proud of that work and also pleased that the transaction will provide us the opportunity to work with Thoma Bravo, a firm with tremendous software investment and operational capabilities,” Winn said. “This will enhance our ability to focus on executing our long-term strategy and delivering even better products and services to our clients and partners.”

Here’s what NAMB does for brokers

NAMB has been advocating for mortgage brokers for almost 50 years. HousingWire spoke with former NAMB President Rocke Andrews and Roy DeLoach, NAMB’s lobbyist in Washington, D.C., about the organization’s past and current legislative efforts.

Presented by: NAMB

In 2019, Thoma Bravo acquired Ellie Mae for $3.7 billion and then sold it in August 2020 to Intercontinental Exchange for approximately $11 billion.

RealPage has had a busy year in the acquisition space. In January, the company acquired multifamily real estate engagement solution Modern Message. In September, RealPage entered the smart building space and paid an undisclosed amount to acquire Stratis IoT, a property management tech firm based in Philadelphia.

“RealPage’s industry leading platform is critical to the real estate ecosystem and has tremendous potential going forward,” said Orlando Bravo, founder and a managing partner of Thoma Bravo.

“Our firm has a track record of acquiring cutting edge software providers to specialized industries and driving their innovation and growth while remaining true to their core business and customers,” Bravo said. “Together, RealPage and Thoma Bravo can partner to grow the company’s market offerings and enhance its current capabilities to capitalize on the increasingly complex and expanding real estate market.”

Leave a comment

Most Popular Articles

Josh Team out as Keller Williams president

Josh Team is out at Keller Williams, not long after he received what appeared to be a promotion. He announced his resignation on Facebook.

Feb 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please