Property management software company RealPage continues its acquisition spree

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RealPage says its $70M purchase of American Utilities Management, a multifamily utilities and energy management solutions platform, is a big step towards its goal of becoming a $1 billion dollar company by 2020. The deal will contribute around $15 million in revenue to RealPage, which has been on a buying spree of late, paying $75 million for Axiometrics and $300 million for LRO earlier this year. As a result of the recent transactions, RealPage now services 2.5 million rental units nationwide.  [Bisnow]