Yardi Systems Acquires PropertyShark for Real Estate Data
- Mar 31, 2010
Santa Barbara, Calif.-–Yardi Systems has acquired PropertyShark, creators of PropertyShark.com, the New York City-based real estate data website.
Yardi acquired the company 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 website has changed the way real estate investors, professionals, and consumers educate themselves and make decisions about property in hubs like New York and Los Angeles,” says 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.”
Matthew Haines, PropertyShark’s founder says, “When I founded PropertyShark in 2002, I wanted access to the hard-to-reach property information held by sellers, city agencies and brokers so I could make informed decisions about real estate investments I was considering. To see the concept taken from one neighborhood in New York City into the hands of a large real estate software company is positive.”