Estated maintains data on tens of millions of U.S. properties and works with corporations within the mortgage, insurance coverage and actual property sectors.
Actual property knowledge juggernaut Attom introduced Tuesday that it has acquired Estated, a knowledge licensing firm that maintains data on tens of millions and tens of millions of U.S. properties.
In a press release, the 2 corporations described their union as a “pure match” attributable to the truth that they each focus “on powering purchasers with property knowledge.” Estated particularly gives knowledge to corporations in the true property, mortgage and insurance coverage sectors, and in response to the assertion maintains “organized and verified data on over 155 million properties” throughout the nation. The corporate additionally claims to have entry to historic and “real-time insights on each property within the U.S.” the assertion notes.
Amongst different issues Estated additionally touts its skill to ship knowledge to corporations shortly and simply, and to allow varied automations.
Attom CEO Rob Barber added within the assertion that the “synergy” between the businesses “additional enhances our worth proposition and can profit present prospects of each corporations.”
The businesses didn’t publicly disclose monetary particulars of the acquisition.
Attom is well-known throughout the property enterprise for its enterprise options. For instance, the corporate gives advertising and marketing lists, development stories, bulk knowledge licensing and a wide range of different providers to corporations that cope with mortgages, insurance coverage and different points of actual property. Moreover, Attom produces and distributes common market stories that routinely seem in and drive media protection of the housing business.
Through the years, Attom has additionally progressively expanded its attain. In 2020, for example, the agency purchased geospatial knowledge firm Residence Junction. A 12 months later, Attom acquired GeoData Plus, an organization that focuses on property comparisons and visible instruments.
Extra lately, in Could, Attom launched a brand new lease estimate device for traders who specialise in single household properties. The corporate additionally started assessing the danger of local weather change to each U.S. property final fall.
In Tuesday’s assertion, Estated founder and CEO Joshua Fraser indicated he’s excited to affix forces with Attom.
Fraser additionally stated he believes that collectively the businesses “will proceed to energy innovation throughout varied industries with premium property knowledge and analytics, whereas rising efficiencies within the market.”