RealPage, Inc. (NASDAQ: RP), is a leading provider of on demand (also referred to as Software-as-a-Service or SaaS) products and services to apartment communities and single family rentals across the United States. Our broad range of property management solutions enable property owners and managers to increase revenues and reduce operating costs through higher occupancy, improved pricing methodologies, new sources of revenue from ancillary services, improved collections and more integrated and centralized processes.
Based in Carrollton, Texas, a suburb of Dallas, RealPage was formed in 1998 to acquire Rent Roll, Inc., which marketed and sold industry-leading on premise property management systems for the conventional and affordable multi-family rental housing markets. In June 2001, we released OneSite, our first on demand property management system. Since 2002, we have expanded our on demand software solutions to include a number of software-enabled value-added services that provide complementary sales and marketing, asset optimization, risk mitigation, billing and utility management and spend management capabilities. In addition, our growth has been supported by the acquisition of complementary technologies to supplement our internal product development and sales and marketing efforts; expand the scope of our solutions; and the types of rental housing properties and customers we serve. We have more than 1,300 employees in offices located in Carrollton; Burlington, Vt.; Irvine, San Diego and San Francisco, Calif.; Mason, Ohio; Greenville, S.C.; Canada, and Hyderabad, India.
We provide our SaaS products and services to more than 6,900 customers to help manage the operations of approximately 6.1 million rental housing units.
RealPage offers six on-demand product lines that enable owners and managers of single-family and a wide variety of multi-family rental property types, including conventional, affordable, privatized military, student and senior housing, to manage their marketing, pricing, screening, leasing, accounting, purchasing and other property operations. This includes:
OneSite property management systems that automate the leasing, renting, management, and accounting of conventional, affordable, tax credit, student living, and privatized military housing properties;
Level One and CrossFire that enable owners to originate, syndicate, manage and capture leads more effectively and at less overall cost;
YieldStar asset optimization systems that enable owners and managers to optimize rents to achieve the overall highest yield, or combination of rent and occupancy, at each property;
Velocity billing and utility management services that increase collections and reduce delinquencies;
LeasingDesk risk mitigation systems that are designed to reduce a community's exposure to risk and liability;
OpsTechnology spend management systems that help owners manage and control operating expenses.
Propertyware software and services for single-family rentals and low density, centrally-managed, multifamily housing offers the ability to access real-time data, anytime, anywhere.
Supporting this family of SaaS products is a suite of shared cloud services including electronic payments, document management, decision support and learning. RealPage also offers Platform-as-a-Service through its RealPage Exchange platform which provides a comprehensive toolkit of integration services for third-party application providers, and Infrastructure-as-a-Service to multifamily owners and operators to reduce IT costs and improve integration performance and reliability.
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22 Jan
