RealPage has acquired Windsor Compliance, a move that increases the software firm’s affordable housing offerings to include compliance monitoring and other services.
Terms of the deal were not disclosed.
Windsor 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 the low-income housing tax credit, tax-exempt bonds, Sec. 8, HOME, and Rural Development, in addition to file audits, capital needs assessments, physical and due diligence inspections.
RealPage (NASDAQ: RP) is a leading provider of on-demand software and software-enabled services to the rental housing industry. It is headquartered in Carrollton, Texas.
“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, in a statement.
The Windsor executive, inspection, and compliance monitoring teams will continue to operate from the company’s office in Wilmington, N.C., and remote locations.