LendingTree Inc. has acquired iNest Realty Inc., a Bloomingdale, Ill., broker of newly built homes.
The Charlotte unit of New York's IAC/Interactive Corp. said it plans to integrate iNest into its RealEstate.com site. The price of the sale, which was completed and announced Wednesday, was not disclosed.
iNest is to remain an independent brand until its offerings are fully integrated into RealEstate.com, after which the iNest name will cease to exist. LendingTree would not say how long the integration would take.
iNest has facilitated about $1.8 billion of sales contracts. It provides homebuyers with a directory of roughly 500 builders and 8,387 new-home communities.
