RealPage Agrees to Acquire HomeWiseDocs, The Premier Provider of Disclosure Management Services to the Community Association Industry
RealPage, Inc., a leading global provider of software and data analytics to the real estate industry, announced that it has entered into a definitive agreement to acquire HomeWiseDocs, a leading provider of data and document delivery services for the community association industry. RealPage plans to enhance its product portfolio and market reach with HomeWiseDocs’ industry-leading solutions, significantly strengthening RealPage’s position in the community association sector and positioning the combined company as the premier service provider in the industry. The transaction is subject to customary closing conditions and is expected to close during the fourth quarter of 2021.
Serving over nine million homes throughout the United States, HomeWiseDocs simplifies the complex and time-consuming tasks of information disclosure associated with the sale or refinancing of properties in managed communities, including homeowner associations and condominiums. Its industry-leading solutions provide property managers with comprehensive controls over the timely processing, delivery and record retention required under state regulations. HomeWiseDocs partners and integrates with the industry’s leading software providers, helping its joint customers grow their businesses and increase operating efficiencies. HomeWiseDocs is an industry leader in providing these services to the $4 billion community association marketplace, a sector that continues to grow faster than the overall housing market.
“We are very excited to join forces with the HomeWiseDocs team,” said Dana Jones, CEO of RealPage. “HomeWiseDocs has meticulously built a premier solution for the community association industry and has established itself as the provider of choice in data and document delivery services. Over the past decade, RealPage has built a significant presence in the HOA space, both through our ClickPay payments solution and more recently through our Buildium service platform. Together with HomeWiseDocs and its partners, we believe we can more quickly scale to deliver even more value to the industry across a wide range of products that will help property managers optimize their operations and be more profitable.”
Manny Chaves, President of HomeWiseDocs, added, “We are thrilled to begin a new chapter as part of the RealPage family. Our industry has undergone significant transformation in recent years, and we are eager to help our customers advance to a new level of sophistication and efficiency. Together with RealPage, we will invest and provide even more value to our customers, and we will continue to set the standard for digital transformation in the years ahead.”
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