Altisource Portfolio Solutions SA has announced the acquisitions of both RentRange and Investability—expanding Altisource’s offerings, reach and data capabilities in the real estate services market. RentRange is a provider of rental home data and information to the financial services and real estate industries, delivering an assortment of address and geography level data, analytics, and rent-based valuation solutions for single and multi-family properties. Investability is an online residential real estate search and acquisition platform that utilizes data and analytics to allow real estate investors to access the estimated cash flow, capitalization rate, net yield and market value on properties for sale in the United States.
Together, the acquired businesses will add to Altisource’s real estate capabilities by providing customers—including users of its Hubzu and Owners.com online real estate sales and auction platforms—with accurate pricing information about rental home investments and access to valuable investment property inventory.
“These acquisitions squarely support our real estate and mortgage marketplace strategy and enable us to provide valuable analytics to the home rental, renovation, sale and origination markets,” said William B. Shepro, chief executive officer of Altisource. “RentRange and Investability, when combined with Altisource’s services, offer investors the data and information they need to make well-informed decisions about the homes they’re buying, renting and managing. We are thrilled to add the RentRange and Investability teams to the Altisource family.”
“Altisource brings a forward-looking approach to the real estate marketplace that we’re very excited to join,” said Walter Charnoff, Chief Executive Officer of RentRange and Investability. “Our vision has always been to develop the most comprehensive residential property rental data repository in the country, along with a powerful and unique search and transaction engine for rental homes. Together with Altisource, we will quickly realize this vision in a much broader and more impactful way.”
