(ATLANTA AND DALLAS – March 15, 2016) –RentPath and Axiometrics today announced the launch of their first joint product, Insight Reports, which provides managers and owners with market and community data at the floor-plan level to assist them in making operating and strategic decisions.
Insight Reports, provided to clients advertising their apartment properties via the suite of RentPath listing packages, makes it easy for clients to track their performance in the market and against their closest comparables. These concise reports will be a key component in analyzing rent, occupancy and other market trends, so clients can maximize revenue and better assess the value of existing assets and potential new acquisitions.
“Clients we serve have made it clear that they don’t need large, complicated data sets that require a Ph.D. in data science to analyze – they need intelligent, actionable data,” said Arlene Mayfield, senior vice president of sales for Atlanta-based RentPath. “The Market and Community Insight Reports eliminate the data clutter, and provide national, regional and local operators and owners the concise information needed to make decisions that produce results. And the best part is, it’s included for RentPath clients advertising with any of our listing packages.”
The Market Insight Report provides clients with asking and effective rent, occupancy and concessions down to the floor-plan level for the particular market every month. The Community Insight Report provides clients with analysis on local apartment communities with the same data set, but with a greater degree of focus on benchmarking against their closest comparables.
“With the Insight Reports, RentPath’s clients will know exactly how they measure up against their closest comparables on rent growth, occupancy, effective rent and much more at the floor-plan level each month,” said Ron Johnsey, president and chief executive officer of Dallas-based Axiometrics. “Most importantly, the reports are accurate, easy to read and analyze, and they’re actionable. Gone are the days of culling through 50-page reports to find the one data point you really need to make a decision. We know our clients are busy, so we focused our Reports on a consistently collected set of key data points that drive you to an answer.”
RentPath and Axiometrics have each developed strong reputations built on trust, credibility and dedication to the multifamily industry over a combined 60 years. This is the first initial offering by the Companies. RentPath and Axiometrics are focused on creating additional innovative solutions that reflect the evolving data needs of the industry.
RentPath is a leading digital marketplace connecting millions of consumers with apartments, condos and houses for rent through its network of websites and mobile apps. RentPath’s category-leading brands include Apartment Guide, Rent.com, Lovely, Rentals.com, and RentalHouses.com. With an unmatched search capability, amplified by constantly refined tools and industry insights, RentPath provides consumers with a clear and simple guide to apartment living through content-rich apartment listings in a user-friendly format with Internet, mobile and social media solutions. The brand’s commitment to maximizing owner and manager value makes RentPath a leading multifamily housing industry partner. For more information, visit www.rentpath.com.
Axiometrics’ specialty is monitoring the apartment and student housing markets, providing an in-depth view of volatile market trends via AXIOPortal™ and the brand new AXIOMobile™ smartphone app. Axiometrics’ granular data-collection methods and enlightening analysis help clients make profitable – and intelligent – decisions. To learn more visit www.axiometrics.com, follow @Axiometrics or on LinkedIn, or call 214-953-2242.