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MyNewPlace is an apartment listing websites in the United States. MyNewPlace is headquartered in San Francisco in the SoMa neighborhood, but is owned by RealPage based out of Carrollton, Texas.
 | |
| Type of business | Real Estate, Apartment Rentals, Home Rentals |
|---|---|
Type of site | Apartment and Home Rental Listings |
| Headquarters | San Francisco, California, United States |
| Area served | United States of America |
| Founder(s) | John Helm |
| Industry | Real estate |
| Parent | RealPage |
| URL | MyNewPlace.com |
| Launched | May 2006 |
History
editMyNewPlace was founded by John Helm in 2005, and went live in May 2006 with 6 million apartment listings nationwide.[1] The San Francisco-based company operates on a Pay-per-Qualified-Lead pricing model, in which apartment managers pay only when renters contact them through their listings on MyNewPlace.
John Helm had previously started AllApartments/SpringStreet, which became the internet's biggest apartment rental site before its sale to Homestore/Move.com in 1999.[2]
Investors
editMyNewPlace was initially backed by SplitRock Partners, Sutter Hill Ventures, and Trinity Ventures, and is also backed by some of a number of real estate investment trusts, including United Dominion Realty Trust (UDR), Essex Property Trust, Marcus & Millichap Venture Partners, ConAm Management Corporation, The Lane Company, and Cowboy Properties.
In August 2011 MyNewPlace was bought by national real estate company RealPage for $74.4 million.[3]
References
edit- ^ "MyNewPlace Promises Easier Apartment Hunting". CNET. Archived from the original on 2009-01-06. Retrieved 2024-02-29.
- ^ Calvey, Mark (2006-09-24). "Exec stakes a new claim to some familiar territory". The Business Journals. San Francisco Business Times. Retrieved 2024-02-29.
- ^ "RealPage to acquire MyNewPlace for $74.4M - BusinessWeek". 2011-08-22. Archived from the original on 2015-10-09. Retrieved 2024-02-29.