Redfin Takes its Shot at Purchasing RentPath

February 21, 2021
Share this Post: 

Picking up the failed acquisition by CoStar Group, Redfin has made a deal to put RentPath for $608 million, whereas CoStar Group had originally purchased RentPath for $587 million. RentPath had just finished an antitrust lawsuit against CoStar to block the acquisition and the move seems to be perfect, both for RentPath and Redfin. 

Redfin chose RentPath as a means to growing both company’s influence and reach and drive more traffic to its site. With RentPth comes top rental platforms like,, and 

Redfin CEO Glenn Kelman said

“The websites that are ahead of us as real estate destinations have rentals. We don’t. The only way to climb that mountain is by building that inventory.”

RentPath has had its fair share of misfortune within the last year, including filing Chapter 11 bankruptcy and a lawsuit with its then-owner, CoStar. 

Kelman explained the differences between CoStar and his own company in a recent investor call. 

“We represent a new alternative for property management companies to get better value. So we’d expect the government to welcome that.”

February 21, 2021
Victoria has been writing about property portals and marketplace sites for Online Marketplaces for over 3 years. She is also our resident artist and is responsible for all of the infographic content on the site.

Subscribe to our mailing list to get news updates!

Enter your email address and get updates from Online Marketplaces.

Related News

Proptech Group Results Generic
PropTech Group Shows Impressive Growth in Q1 Figures

The ASX-listed property technology group The PropTech Group has released figures for Q1 of its FY22 operations. Headline figures from...

Read More
Bien Ici Paris
Bien’ici Debuts New Elixir Property Platform

French property portal Bien’ici has launched a technology platform focused on sales of new property projects. Elixir aims to provide...

Read More
Dutch Portal Funda Acquires Commercial Player RealNext

Dutch commercial property platform RealNext has been acquired by NVM in a move that will see its assets incorporated into...

Read More
Zumper Movoto Deal
US Portal Operators OJO Labs and Zumper Sign Listings Deal

The US real estate portal operator OJO Labs has announced that it has signed a listings partnership deal with rental...

Read More

Popular News