R
ealync Corp., a fast-growing real estate tech firm based in Carmel, has been acquired by Irving, Texas-based Grace Hill Inc. The acquisition closed on September 20, with financial terms remaining undisclosed. Realync's platform enables apartment management companies to offer live virtual property tours and other services, serving clients such as Milhaus, Thompson Thrift, and Greystar Worldwide LLC.

    The company will now operate as Realync, A Grace Hill Company. Founders Matt Weirich and Ani Rangarajan, who had 37 employees pre-acquisition, will remain with the firm post-acquisition. Weirich will become executive vice president, while Rangarajan will take on product strategy officer duties.

    "We are thrilled to join the Grace Hill family!" Weirich said in a statement. "This acquisition will combine our expertise and position us to better meet industry needs." Realync has experienced significant growth, including a $22 million investment from Susquehanna Growth Equity LLP in 2020 and appearances on the Inc. 5000 list of fastest-growing private companies in 2022 and 2023.

    Grace Hill, founded in 1998, offers technology-enabled real estate tools for apartment owners and operators. With over 200 full- and part-time employees plus contract staff, the acquisition brings together two prominent players in the industry.