Redfin Announces Agreement to Acquire RentPath for $608 Million
Acquisition brings together a leading site for homebuying with a leading site for rental listings
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www.redfin.com) has entered into an agreement to acquire RentPath (
www.rentpath.com), the Atlanta-based owner of ApartmentGuide.com, Rent.com, and Rentals.com, for $608 million in cash. The acquisition will bring together a leading site for buying a home with a leading site for renting a home, giving anyone trying to move a complete view of her options. RentPath has more than 20,000 apartment buildings on its rental websites, and grew its traffic more than 25% last year, said Redfin CEO Glenn Kelman. We can almost double that audience, as one in five of Redfin.com s 40+ million monthly visitors also wants to see homes for rent. Together with RentPath, we can create an online destination for every North American to find a home.
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