Place buys Remine for $1.5 million in cash at auction
Real
estate
technology
and
agent
services
firm
Place
is
continuing
its
acquisition
spree.
On
Thursday,
the
firm
announced
that
it
had
purchased
real
estate
software
firm
Remine
for
$1.5
million
in
cash
at
auction.
The
$1.5
million
sales
price
is
less
than
3%
of
what
four
MLSs
paid
for
the
company
in
October
2021.
The
deal,
which
is
expected
to
close
in
the
next
two
weeks,
was
first
reported
by
Inman
News.
This
is
the
second
major
acquisition
Place
has
completed
in
the
past
year.
It
also
announced
the
acquisition
of
team
servicing
platform
Livian
in
September
2024.
Founded
in
2019
by
Ben
Kinney
and
Chris
Suarez,
Place
completed
a
Series
A
funding
round
in
2021
that
raised
$100
million.
Place
also
hit
“unicorn
status”
with
a
valuation
of
at
least
$1
billion.
In
the
past
five
years,
it
has
grown
into
a
firm
with
more
than
1,100
employees.
In
an
interview
with
Inman,
Kinney
assured
Remine’s
current
customers
that
they
“will
continue
to
receive
the
same
level
of
service
and
support
from
the
Remine
team.”
Remine
has
more
than
40
MLS
customers
totaling
600,000-plus
agents
and
brokers
nationwide.
The
firm
was
founded
in
2015
and
sold
in
2021
to
Unlock
MLS,
First
MLS,
Miami
Realtors’
MLS
and
Heartland
MLS
for
$53.5
million
as
part
of
a
joint
venture
known
as
MLS
Technology
Holdings.
The
joint
venture
initiated
a
voluntary
bankruptcy
in
March
2025,
allowing
it
to
put
Remine’s
assets
up
for
sale.
Since
its
October
2021
sale,
Remine
has
struggled
financially
with
its
employee
count
dropping
from
60
to
37.