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REDFIN Redfin Announces Agreement to Acquire RentPath for $ 608 Million February 19 , 2021 Acquisition brings together a leading site for homebuying with a leading site for rental listings SEATTLE and ATLANTA , Feb. 19 , 2021 / PRNewswire / -- ( NASDAQ : RDFN ) — Redfin ( www.redfin.com ) has entered into an agreement to acquire RentPath www.rentpath.com ) , the Atlanta - based owner of ApartmentGuide.com , Rent.com , and Rentals.com , for $ 608 million in cash . The acquisition will bring together a leading site for buying a home with a leading site for renting a home , giving anyone trying to move a complete view of her options . REDFIN " RentPath has more than 20,000 apartment buildings on its rental websites , and grew its traffic more than 25 % last year , " said Redfin CEO Glenn Kelman . " We can almost double that audience , as one in five of Redfin.com's 40+ million monthly visitors also wants to see homes for rent . Together with RentPath , we can create an online destination for every North American to find a home . " " We are energized by the transformational potential of this combination to help more consumers find the right home and help property managers find residents , " said Dhiren Fonseca , RentPath's CEO . " RentPath's customers experienced all - time highs in traffic and leads from us last year and our value proposition to multifamily property managers has never been better . By acquiring RentPath , Redfin will be as committed as we are to the rental market . As part of the Redfin family , our platform will be well positioned to lead the market in the quality and value of our products , while giving our current and future customers access to many more high - intent renters through Redfin's extensive network . " Redfin , the technology - powered real estate brokerage , operates the # 1 nationwide brokerage search site . The company uses a combination of local real estate agents and technology to make it easier , faster and less costly to buy or sell a home . RentPath simplifies the apartment search experience for millions of consumers , connecting property - management companies with qualified prospective renters . The RentPath network of websites reached 16 million monthly visitors on average in 2020 , and recorded full year 2020 revenue of $ 194 million . Strategic Rationale