Miami-based worldwide property listings search engine GLOBAL LISTINGS has entered into a definitive agreement to acquire whole ownership of THE WORLD PROPERTY JOURNAL, also based in Miami.
GLOBAL LISTINGS consumer-facing real estate listings search platform GlobalListings.com currently enjoys more than 3 million property postings per month from 105 different countries, and is growing.
As part of the acquisition, THE WORLD PROPERTY JOURNAL will soon provide correlated localized real estate news and market data against every listing on the platform, regardless of listings category or location.
"We are extremely excited to announce the merging of the world's top-ranked international real estate news site with GLOBAL LISTINGS search platform, one of the largest international real estate listings sites in the world," said Global Listings CEO and founder Michael Gerrity.
"By combining both companies' real estate listings, correlated local real estate market news and industry data on a single screen in the coming year, we are in effect building the future digital 'Bloomberg Terminal' for the growing informational needs of a global property industry with an addressable market value in excess of $300 trillion," Gerrity said.
"As the real estate industry goes fully digital in the coming decade, the integration of these two companies' Listings, News and Data capabilities will provide a consolidated 'information backbone' for the property industry to leverage on a global scale that does not exist today. This merger represents an equation of 2 + 2 = 5."