Inman News acquired by Beringer Capital

Inman News, the long-time leader of residential real estate industry news, has sold to private equity firm Beringer Capital. This is another sign of consolidation and corporatization of the residential real estate industry continues as yet another established industry entrepreneur sells a company. While he retains some equity through the deal, Inman News founder Brad Inman, who has been a leading source of industry insight and connection since founding his media company in 1996, undoubtedly now enters a more distant relationship with real estate coverage. Inman, and its growing competitor in the real estate media space, HousingWire, are now both owned by private equity.