Entrata completed the acquisition of Rent Dynamics from Wasatch Equity Partners.

Entrata, property management software company, completed the acquisition of Rent Dynamics, a provider for resident rent reporting and financial resources that promote economic inclusion and financial health for residents, from Wasatch Equity Partners, a private equity firm. Financial terms were not disclosed. “Since Entrata’s founding, we have made tremendous strides in streamlining property operations by creating tools that improve both the operator and resident experience. Today, our vision for how we can drive the industry forward has greatly expanded, The combination of Entrata and Rent Dynamics will deliver a huge advance in providing much-needed tools to address a gap that has prevented millions of residents from building credit and long-term financial health. We believe this acquisition will give property owners and operators what they need to drive loyalty, financial well-being, and, ultimately, the very best resident experience,” Adam Edmunds, Entrata Chief Executive Officer.