RealtyShares, an online marketplace for investing, has purchased rival Acquire Real Estate.
Both companies took different paths toward building successful online real estate investing platforms.
RealtyShares has excelled at scaling operations and offering diverse investment opportunities. The company boasts more than 120,000 registered investors and has surpassed $500 million deployed for real estate projects across nearly 1,000 deals in 39 states.
Led by CEO Josh Klimkiewicz and CTO Gerry Polucci, Acquire focused on developing industry-first products to serve its commercial sponsors and investors, keeping the platform at the forefront of innovation.
It was the first real estate marketplace to introduce a real estate exchange, investor profiles, an investment calculator and self-directed IRA investing.
Both Klimkiewicz and Polucci will join RealtyShares as part of the acquisition, spearheading integration from the company’s East Coast office.
Klimkiewicz will serve as the director of commercial business development while Polucci will join as a director of engineering.