RICHARDSON, TX – RealPage announced it has agreed to buy substantially all of the assets of Axiometrics, a leading provider of apartment market data. Axiometrics will be combined with MPF Research, a division of RealPage.

In addition, RealPage has entered into a long-term relationship with Real Capital Analytics (RCA), a leading authority on multifamily sales transaction data.

Combining data from Axiometrics, MPF Research and RCA with the data analytics power of RealPage, which is based on tens of millions of real time lease transactions, will make a unique market intelligence platform.

The company expects this platform to be the most-referenced apartment data analytics solution in the U.S.

Transaction Highlights

Combines data from three of the industry’s most powerful data brands, which together possess the leading “share of voice” for multifamily data analytics as measured by media mentions, social media shares and extended follower reach.

Accelerates achievement of RealPage’s broad vision for its data analytics platform that enables clients to make informed decisions regarding apartment capital allocations, construction, acquisitions, management and dispositions.

Significantly increases transparency of transactions in the $150 billion market for multifamily property sales transactions by providing the most accurate market fundamentals, forecasts and asset-level granularity.

Contributes to RealPage’s 2020 goal of $1 billion in revenue and $300 million in adjusted EBITDA, once fully integrated by early 2018.

“The acquisition of Axiometrics furthers our goal to become the definitive source for accurate data intelligence regarding the acquisition, operation and disposition of every market-rate apartment in the U.S.,” said Steve Winn, Chairman and CEO of RealPage.

“This is a huge win for our clients and the multifamily rental housing industry,” said Ron Johnsey, CEO of Axiometrics. “By combining with RealPage, we will vastly expand our data coverage and forecasting capabilities and thereby increase the value we offer to all constituents in the apartment housing industry.”

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DALLAS, TX – Transcontinental Realty Investors (TCI) announced that all site work is complete for its premier development project Terra Lago in Rowlett, Texas. The property joins other high end developments as a part of the city’s Realize Rowlett 2020 initiative.

The property’s precast garages are complete and framing is underway with projected completion in April 2017. “We will start pre-leasing activity this May and will have the property online in the 4th quarter,” said Randall Johnson, VP of Residential Construction.

Terra Lago is a four-tale Mediterranean-style apartment complex comprised of 447 units. Located on the shore of Lake Ray Hubbard, this piece of land features ancient-growth trees and scenic rocky banks. The City is plotting to further enhance this site by building a park and walking trail at this location. Residents will be able to step outside and delight in these features in their own back yard. The plot even envisions a water taxi that would transport guests to other points along the lake.

The project will be built to cater to those who wish for the best of what Rowlett and multi-family living have to offer. With an exquisite Mediterranean facade, every detail of a carefree lifestyle will be incorporated into the complex. A state-of-the-art fitness center and luxury community room will be loved by residents, as will the courtyard pool areas and outdoor cooking facilities.

Residents will park in structured parking and be able to enter the buildings on the floors on which they live. Then, walking through air-conditioned corridors, they will live in units that feature a wide array of upscale amenities such as granite countertops, island kitchens, and all of the appointments found in only the best luxury apartment properties.

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