Online real estate company Redfin has purchased Walk Score, a company that provides neighborhood walkability services and apartment search tools.
This is the first acquisition for Seattle-based Redfin. Terms of the deal were not disclosed.
According to Redfin CEO Glenn Kelman, the company had been looking to give users a "portrait of what it would be like to live somewhere new."
Walk Score, also based in Seattle, measures the distance from a specific addresses to various neighborhood amenities, such as schools, restaurants, libraries and coffee shops.
Walk Score, founded in 2007, currently has 10 employees. The company will grant real estate agents with more efficient information, Kelman adds.
The deal comes amid much consolidation going on in the real estate industry, especially online. Redfin rival Zillow announced recently that it would acquire San Francisco-based Trulia for $3.5 billion in July. There was also the $165 million acquisition of ZipRealty Inc. by Realogy Holdings Corp. in August, as well as News Corp.'s (Nasdaq: NWSA) buying Move Inc. for $899.2 million in early October.
Redfin is expected to file an initial public offering in 2014.