Top 12 Multifamily Tech Stories: E-brokers, Acquistions, and More

LoopNet’s acquisition of Reaction Web heads off a list of the 12 most intriguing multifamily technology news bites of the past month.

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Credit: LoopNet, Inc.

6. Yardi Builds Data Bench Via PropertyShark Acquisition

Santa Barbara, Calif.-based Yardi Systems announced March 31 that it has acquired New York City-based PropertyShark and the PropertyShark.com real estate data Web site in an effort to integrate deep property data into the Yardi suite of real estate investment management and property management software. “PropertyShark’s aggregation of real estate data from hundreds of sources into a single property research Web site has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs such as New York and Los Angeles,” said Gordon Morrell, Yardi’s executive vice president and chief operating officer. “Yardi acquired PropertyShark to expand the service nationally, strengthen our suite of products, and provide our clients with fully integrated access to detailed property information.”

About the Author

Chris Wood

Chris Wood is a freelance writer and former editor of Multifamily Executive and sister publication ProSales.

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