On July 13, 2023, Entrata, a leading operating system for multifamily communities, announced its acquisition of Rent Dynamics, a provider for resident rent reporting and financial resources. Entrata has acquired 100 percent of the equity in Rent Dynamics and will be able to provide residents with increased access to financial tools designed to positively impact their financial future. Wilson Sonsini Goodrich & Rosati advised Entrata on the transaction.

The addition of Rent Dynamics’ products to Entrata’s suite of resident services will further enhance the operating system to support resident-focused owners and operators. This combination will enable property owners and operators to provide their residents the capability to streamline utilities, obtain renters insurance, and build credit by making on-time payments, all through Entrata’s single-sign-on platform. Financial terms of the transaction were not disclosed.

The Wilson Sonsini team that advised Entrata included:

M&A/Corporate
Rezwan D. Pavri
Brian Keyes
Brendan Ripley Mahan
Brian Chan
Erin Malone-Shkurkin
Orlando V. Hodges
Eric Chang
Ava M. Munson

Technology Transactions
Christopher A. Paniewski
Dena Smith
Sarah Syed
Atussa Simon

Employee Benefits and Compensation
David S. Thomas
Gregory Hughes
Jason Chan

Employment Litigation
Rebecca L. Stuart
Alison G. Renner
Quinn E. Christie

Tax
Jonathan Zhu
Derek E. Wallace

Real Estate
Susan P. Reinstra

Antitrust
Kimberley Biagioli

Regulatory
Anne E. Seymour
Seth Cowell
Kara D. Millard

Privacy and Cybersecurity
Matthew Staples
Daniel Chen
Dantam Le
Michael O’Brien

For more information, please see Entrata's press release.