RealPage sells to private equity firm for $9.6B

first_imgShare via Shortlink RealPage’s Steve Winn and Thoma Bravo’s Orlando Bravo (Photos via Wikipedia Commons; RealPage)Property management software company RealPage is set to be acquired by a private equity firm for $9.6 billion in one of the largest proptech M&A deals of the decade.Thoma Bravo will pay $88.75 per share for the Texas-based proptech firm in one of the largest recent leveraged buyouts, the Wall Street Journal reported. That’s 31 percent above RealPage’s stock price, which closed at $67.83 per share on Friday.RealPage’s platform allows landlords to collect rent and receive maintenance requests from their tenants. It also collects information on leases to compile market reports and other forecasts.Read moreHarvey Hernandez’s firm alleges RealPage stole trade secrets, poached employeesReal estate tech company RealPage hit by $10.5M hackHomeLister property-selling platform raises $4.5M in seed funding RealPage Chief Executive Steve Winn told the publication that the pandemic helped the firm to expand its reach as more owners sought to go virtual with their operations.In January, RealPage made headlines as hackers stole $10.5 million from the company’s account. The company claimed it had recovered $4.5 million of the money.The company had been on its own acquisition spree recently, picking up electronic payment platform company ClickPay, property management solution provider Buildium and multifamily real estate engagement solution Modern Message.It’s a particularly hot time for proptech mergers and acquisitions: Commercial real estate giant CoStar has purchased several smaller tech firms in the past year, including Homesnap and Ten-X; and several large firms, including CBRE and Tishman Speyer, have launched blank-check companies with an eye toward acquisitions. [WSJ] — Akiko Matsuda Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink TagsMultifamily MarketRental MarketTechnologylast_img read more

Christ the King

first_img Share FaithLocalNews Christ the King by: – November 19, 2011 Sharing is caring! Share Image via: jesus-passion.comThe notion of Christ as King entered modern Catholic consciousness in 1925 when Pius XI instituted the Feast of Christ the King. It was the Pope’s response to the growing ascendency of secularism, which, of course, had no time for a religious figure, Christ or anyone else, as king or supreme authority. One should perhaps remember that the feast was inaugurated at a time when the world that still regarded kings as significant political figures, though that significance had already begun to wane. The Bolshevik revolution had taken place eight years earlier in 1917, and Nicolas II was the first modern monarch to lose his head. Before the century was out kings would be further reduced in both number and significance. The pope of course never envisaged the day when a king would be a figurehead, or as is the case in Great Britain, a “constitutional monarch.”The notion of King was part of Israelite culture, and that’s the context where we best understand its associations for Jesus. The king was the leader, the shepherd, of his people, and the ‘shepherd’ metaphor indicated how kingship was seen, i.e., not in terms of power principally, but in term of care. The King was the leader whose function was to care for his people.Jesus too the notion further. He did so on the night before he died with the ritual of washing of the feet. St. John is the evangelist who emphasizes this event. He puts it at the center of Jesus’ activity that night before he died. Every Jewish meal had a lot of hand-washings as part of its ritual, done by the participants or the guests. Foot-washing also took place. If, for instance, you entered a house bringing dust in from the outside, you had to wash or have your feet washed. The servants of the house normally performed this task.Jesus put foot washing at the heart of the meal he was sharing with his disciples, except that he himself did the washing, assuming with great deliberateness the position of the servant. This is why people have taken the washing of the feet as a grave lesson in humility. But Jesus had given lessons on humility before, for example, in the parable of the Pharisee and the Publican, the two men who went up to the temple to pray, and in his commentary on the widow’s mite.Much more is involved here than a lesson in humility. John’s account is an acted parable; first the act and then the explanation: “If I who am Lord and master wash your feet, then you should wash one another’s feet.” The inner meaning of the act is that Jesus turns ordinary social relations upside down. Ordinarily, it is servants who wash feet, and masters who put their feet out to be washed. Ordinarily, it is those who have who give to those who don’t, those who are low on the totem pole who serve those who are higher, those with the least influence who serve those with the most. This is the reason for Peter’s reluctance. He sensed the deeper significance behind what Jesus was doing. When he and the others left everything, it was because they thought they were exchanging low status for something higher, unimportance for prestige and so on. Just when they were on the point of securing what they wanted, here was Jesus turning the tables on them. Jesus knows it too, that’s why he says if you don’t consent to this new order, we’ve come to the parting of the ways.In the mind of Jesus, the washing of the feet was a deeply symbolic ritual that inaugurated a special kind of community, a community of mutual service among equals, without regard to rank and status. That’s all turned upside down. Here the greatest serves the least. And it’s dramatized by a king who washes the feet of his subjects, not the sort of thing you find kings doing. That’s the inspiration of servant leadership after the manner of Jesus. Service is thus not simply a posture – or an idea in a Mission Statement. It is a demanding summons that requires a complete make-over in how we understand leadership and authority in any form. The model is not the ‘maximum leader’ but the servant after the example of Jesus.By: Father Henry Charles PhDcenter_img Share Tweet 48 Views   no discussionslast_img read more