Apartments.com, a division of real estate data service CoStar Group, has acquired L.A.-based Westside Rentals, the company announced Wednesday.
Westside Rentals, a subscription-only listing service for rentals in Southern California, will remain at its Santa Monica headquarters, the Los Angeles Business Journal reported. Its listings, however, will now appear on Apartments.com.
Westside, founded more than 20 years ago by Mark Verge, will also reduce its brokerage sales and leasing services and focus more on listings as part of the transition, the Santa Monica Daily Press reported.
The company had more than 85,000 members last year and has worked with 350,000 landlords, according to CoStar.
Terms of the acquisition were not disclosed. [LABJ] — Hannah Miet