Exhibit 99.2

UNAUDITED COMBINED CONDENSED PRO FORMA FINANCIAL INFORMATION

On August 24, 2011, RealPage, Inc. (“RealPage”) completed its previously announced acquisition of Multifamily Technology Solutions, Inc., a Delaware corporation (“MTS”) pursuant to an Agreement and Plan of Merger (the “Merger Agreement”) among RealPage, RP Newco IV Inc., a newly-formed Delaware corporation and wholly owned subsidiary of RealPage, MTS and Shareholder Representative Services LLC, a Colorado limited liability company, as the representative of MTS’ stockholders (the “MTS Stockholders”). Pursuant to the Merger Agreement and subject to the conditions set forth therein, Merger Sub merged with and into MTS (the “Merger”), and MTS continued as the surviving corporation of the Merger and a wholly owned subsidiary of RealPage. MTS will be operating under the name MyNewPlace. The purchase price was $73.1 million, net of cash acquired, which consisted of the following: a cash payment of $62.1 million, net of cash acquired, which includes $14.0 million held in escrow; $6.3 million in the fair value of restricted common stock; $1.1 million in the fair value of a put option on the restricted common shares, in which, if the average market price of Realpage common stock falls below an established threshold upon vesting, RealPage will pay, in cash, the difference between the average market price and the established threshold; and $3.6 million in the fair value of the assumed MTS stock options exercisable for shares of RealPage common stock. The acquisition of MTS adds a pay-for-performance Internet listing service, expands our suite of SAAS lead generation and management tools and service delivery capabilities and gives us a team of individuals with a deep knowledge of consumer Internet marketing. When combined with our other sales and marketing software products and services, we believe MTS will contribute to RealPage’s solutions that enable property owners and managers to more efficiently manage multichannel marketing activities.

We have derived the following unaudited combined condensed pro forma financial information by applying pro forma adjustments to the historical consolidated financial statements of the Company, included in our June 30, 2011 Quarterly Report filed on Form 10-Q with the Securities and Exchange Commission on August 9, 2011. The December 31, 2010 and the three and six months ended June 30, 2011 unaudited combined condensed pro forma statements of income, as adjusted, give pro forma effect to the acquisition of MTS as if the transaction occurred at the beginning of the year presented. The unaudited combined condensed pro forma balance sheet as of June 30, 2011 gives pro forma effect to this acquisition as if it occurred on June 30, 2011. We collectively refer to the adjustments relating to the acquisition as the “Acquisition Adjustments.” We have described the adjustments, which are based upon available information and upon assumptions that management believes to be reasonable, in the accompanying notes. The unaudited combined condensed pro forma financial information is for informational purposes only and should not be considered indicative of actual results that would have been achieved had the acquisitions actually been consummated on the dates indicated and does not purport to be indicative of results of operations as of any future date or for any future period.

The unaudited combined condensed pro forma financial information reflects that we recorded the acquisitions under our business combinations accounting policy. Under this policy, the total preliminary purchase price for MTS was allocated to the preliminary net tangible and intangible assets based upon their preliminary fair values. With the acquisition of MTS, we expect to add an Internet listing service for rental properties, expand our syndication and lead generation capabilities and increase our customer base. These factors contributed to a purchase price in excess of the fair value of the MTS net tangible and intangible assets acquired, and as a result, the Company has recorded goodwill in connection with this transaction. The excess of the preliminary purchase price over the preliminary net tangible assets and preliminary intangible assets was recorded as goodwill. The preliminary allocation of the purchase price was based upon a preliminary valuation and the Company’s estimates and assumptions are subject to change within the measurement period. The Company expects the allocation of the purchase price to be final in the fourth quarter of 2011.

You should read our unaudited combined condensed pro forma financial information and the related notes in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our historical consolidated financial statements in our Annual Report on Form 10-K filed with the SEC on February 28, 2011 and related notes and the financial statements and related notes for MTS included as Exhibit 99.1 in this Current Report on form 8-K/A.

The fair value adjustment for the put option on the restricted common shares was not significant for the period presented.

UNAUDITED COMBINED CONDENSED PRO FORMA STATEMENT OF OPERATIONS

For the Year Ended December 31, 2010
(in thousands, except per share data)

										Pro Forma
										Acquisition
		RealPage, Inc.(1)				MTS(2)				Adjustments				Combined(3)
Revenue		$	188,274			$	16,773			$	—			$	205,047
Cost of revenue			79,044				8,282				990	(4)			88,316
Product development			36,922				3,879				572	(4)			41,373
Sales and marketing			37,693				3,098				109	(4)			40,900
General and administrative			28,328				2,652				(89	)(4)			30,891
Interest expense and other, net			(5,501	)			(199	)			199	(5)			(5,501	)
Income (loss) before income taxes			786				(1,337	)			(1,383	)			(1,934	)
Income tax expense (benefit)			719				—				(1,088	)(6)			(369	)
Net income (loss)		$	67			$	(1,337	)		$	(295	)		$	(1,565	)
Net loss available to common stockholders		$	(2,877	)										$	(4,509	)
Loss per share available to common stockholders:
Basic		$	(0.07	)										$	(0.11	)
Diluted		$	(0.07	)										$	(0.11	)
Shares used in computation of per share amounts
Basic			39,737												39,737
Diluted			39,737												39,737

UNAUDITED COMBINED CONDENSED PRO FORMA STATEMENT OF OPERATIONS

For the Three Months Ended June 30, 2011
(in thousands, except per share data)

										Pro Forma
										Acquisition
		RealPage, Inc.(1)				MTS(2)				Adjustments				Combined(3)
Revenue		$	61,635			$	4,359			$	—			$	65,994
Cost of revenue			25,810				2,891				247	(4)			28,948
Product development			10,537				1,227				65	(4)			11,829
Sales and marketing			14,510				558				32	(4)			15,100
General and administrative			9,574				711				(22	)(4)			10,263
Interest expense and other, net			(732	)			(36	)			36	(5)			(732	)
Income (loss) before income taxes			472				(1,064	)			(286	)			(878	)
Income tax expense (benefit)			190				—				(540	)(6)			(350	)
Net income (loss)		$	282			$	(1,064	)		$	254			$	(528	)
Net income (loss) available to common stockholders		$	282											$	(528	)
Income (loss) per share available to common stockholders:
Basic		$	0.00											$	0.01
Diluted		$	0.00											$	0.01
Shares used in computation of per share amounts
Basic			68,673												68,673
Diluted			72,012												68,673

UNAUDITED COMBINED CONDENSED PRO FORMA STATEMENT OF OPERATIONS

For the Six Months Ended June 30, 2011
(in thousands, except per share data)

										Pro Forma
										Acquisition
		RealPage, Inc.(1)				MTS(2)				Adjustments				Combined(3)
Revenue		$	119,183			$	8,503			$	—			$	127,686
Cost of revenue			50,493				5,576				493	(4)			56,562
Product development			20,853				2,474				175	(4)			23,502
Sales and marketing			27,304				1,149				61	(4)			28,514
General and administrative			19,350				1,418				(56	)(4)			20,712
Interest expense and other, net			(1,898	)			(69	)			69	(5)			(1,898	)
Loss before income taxes			(715	)			(2,183	)			(604	)			(3,502	)
Income tax benefit			(349	)			—				(1,115	)(6)			(1,464	)
Net income (loss)		$	(366	)		$	(2,183	)		$	511			$	(2,038	)
Net loss available to common stockholders		$	(366	)										$	(2,038	)
Loss per share available to common stockholders:
Basic		$	(0.01	)										$	(0.03	)
Diluted		$	(0.01	)										$	(0.03	)
Shares used in computation of per share amounts
Basic			67,741												67,741
Diluted			67,741												67,741

UNAUDITED COMBINED CONDENSED PRO FORMA BALANCE SHEET

June 30, 2011
(in thousands, except share amounts)

										Pro Forma
										Acquisition
		RealPage, Inc.(1)				MTS(2)				Adjustments				Combined(3)
Assets
Current assets:
Cash and cash equivalents		$	111,985			$	2,596			$	(64,744	)(5)		$	49,837
Restricted cash			15,909				—				—				15,909
Accounts receivable, net			33,612				2,866				—				36,478
Deferred tax asset, net of valuation			1,539				—				388	(10)			1,927
Other current assets			8,207				434				—				8,641
Total current assets			171,252				5,896				(64,356	)			112,792
Property and equipment, net			23,607				1,558				(1,129	)(11)			24,036
Goodwill			87,163				—				31,956	(4)			119,119
Identified intangible assets, net			58,402				—				54,680	(6)			113,082
Deferred tax asset, net of valuation allowance			18,079				—				(15,962	)(10)			2,117
Other assets			2,673				—				—				2,673
Total assets		$	361,176			$	7,454			$	5,189			$	373,819
Liabilities and stockholders’ equity
Current liabilities:
Accounts payable		$	7,381			$	610			$	—			$	7,991
Accrued expenses and other current liabilities			22,699				1,110				520	(8)			24,329
Current portion of deferred revenue			51,541				—				—				51,541
Revolving credit facility			—				1,220				(1,220	)(7)			—
Current portion of long-term debt			10,781				951				(951	)(7)			10,781
Customer deposits held in restricted accounts			15,833				—				—				15,833
Total current liabilities			108,235				3,891				(1,651	)			110,475
Deferred revenue			8,778				—				—				8,778
Long-term debt, less current portion			49,867				—								49,867
Other long term liabilities			5,258				—				579	(8)			5,837
Total noncurrent liabilities			63,903				—				579				64,482
Total liabilities			172,138				3,891				(1,072	)			174,957
Convertible preferred stock			—				28,398				(28,398	)(9)			—
Common stock			71				1				(1	)(9)			71
Additional paid-in capital			280,530				729				9,095	(9)			290,354
Treasury stock			(1,431	)			—				—				(1,431	)
Retained earnings			(90,096	)			(25,565	)			25,565	(9)			(90,096	)
Accumulated other comprehensive loss			(36	)			—				—				(36	)
Total stockholders’ equity			189,038				3,563				6,261	(9)			198,862
Total liabilities and stockholders’ equity		$	361,176			$	7,454			$	5,189			$	373,819

The preliminary purchase price allocation is as follows:

Purchase price calculation:
Cash paid, net of cash acquired		$	48,163
Cash paid into escrow			13,985
Fair value of restricted stock (a)			6,264
Fair value of assumed stock options (b)			3,560
Fair value of put option liability on restricted stock (c)			1,158
		$	73,130

Allocation of purchase price:
Intangible assets
Developed product technologies			2,280
Customer relationships			27,600
Tradenames			24,800
Goodwill			31,956
Net deferred taxes			(15,574	)
Net other assets			2,068
Total allocated purchase price		$	73,130