RealPage, Inc. (NASDAQ: RP), a leading provider of on-demand software and software-enabled services to the rental housing industry, today announced that it has acquired Windsor Compliance, a leading provider of compliance monitoring services for the affordable housing industry. The acquisition will extend RealPage’s leading position as a provider of on-demand affordable housing software by becoming the first company in the nation to provide a suite of both critical software and services for the affordable housing industry.
“In addition to our affordable housing software, we will now be able to offer affordable housing compliance monitoring and other services to any investor, owner or management company, regardless of their property management software solution, to help them achieve occupancy and revenue opportunities and reduce back office expenses, while operating within a highly complex and regulated industry,” said Gustavo Sapiurka, senior vice president, strategic markets for RealPage.
Windsor Compliance provides compliance monitoring to more than 30,000 affordable housing units across the country, supporting property owners’, institutional investors’ and managers’ compliance with government programs such as Low Income Housing Tax Credit (Section 42), tax exempt bond, Section 8, HOME, and Rural Development, in addition to file audits, capital needs assessments, physical and due diligence inspections.
“We have revolutionized the way property owners and managers access, store and maintain the vast amounts of compliance data that’s required,” said Gregory Proctor, CEO of Windsor Compliance. “We are excited to bring our industry-leading expertise together with the much larger RealPage organization. This synergy allows us to continue the evolution of our services and technology as the affordable housing industry becomes more complex, providing our clients the best compliance services and solutions to meet state and federal regulations.”By leveraging Windsor’s experience, affordable housing staff, property owners and managers can avoid costly mistakes, while focusing on the other important facets of their businesses, such as building maintenance, leasing, and resident retention.