RealPage Acquires WebRoomz Student Living Software
- Feb 08, 2008
By Anuradha Kher, Online News EditorCarrollton, Texas–RealPage Inc., a Carrolton-Texas-based provider of on-demand software and services to the multifamily industry, has acquired WebRoomz, an on-demand leasing system for students and military personnel.The WebRoomz leasing system matches students with compatible roommates and has other capabilities tailored to student housing. By doing so, the Web site reportedly improves the efficiency of the “turn” each year as students and their parents approach student housing communities across the country over a one-week period just before school begins.WebRoomz has invested five years and more than $10 million to build this system. The program attracts students to the company’s clients’ properties, matches them with compatible roommates and automates the entire leasing and move-in process. “We help make the turn a snap because most of the heavy lifting has been completed long before move-in day arrives,” says Tom Ratchford, president of WebRoomz.Steve Winn, CEO of RealPage, says, “We’re adding its powerful functionality to our comprehensive suite of on-demand student living systems that include online marketing and leasing, roommate matching, property management, revenue management, convergent billing and payment services.” RealPage’s OneSite Leasing & Rents Student Living handles the unique requirements of managing student living properties, including leasing and renting beds in bulk, roommate matching and waitlist management as well as online leasing and renewals.