Edgeio, the online listings marketplace has shuttered its doors, Techcrunch reports.

The company, which aggregated and syndicated classifieds listings (including real estate), burned through a $5 million investment and never was fully able to capitalize on its ideas.

4realz asks the important question however, “What happens to Adaptive Real Estate Services?”

Edgeio launched a real estate push last year with an acquisition of ARES (see Edgeio to Take on Trulia and Realtor.com) a company that had built a database of approximately 1.5 million homes for sale, largely by aggregating MLS data feeds. At the time, I wrote:

This acquisition instantly springboards Edgeio into a position to challenge Trulia.com and Realtor.com.

In retrospect, that statement seems a tad exaggerated, as it’s now apparent that Edgeio’s real estate play never materialized.

That said, I suspect ARES’ assets will still be of value to someone and may be liquidated as part of the folding.

On a personal note, last summer I had the chance to have dinner with Keith Teare, Edgeio’s CEO, ahead of Real Estate Connect in San Francisco. He was the quintessential English gentleman and I wish him and all the other Edgeio folks well in their next ventures.

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