Richardson, Texas & New York–(ANTARA/Enterprise Wire)–RealPage, Inc., a number one supplier of AI-enabled software program and information analytics to the actual property business, at this time introduced it has accomplished its acquisition of Cherre, an actual property information intelligence firm trusted by institutional house owners, funding managers, and operators worldwide.
“AI can rework actual property provided that it understands actual property,” mentioned Dirk Wakeham, President and Chief Government Officer of RealPage. “Cherre has constructed the type of trusted, ruled intelligence that institutional house owners and asset managers rely upon. Bringing that experience into RealPage means each buyer, whether or not they handle one property or a worldwide portfolio, will get entry to a stronger, extra reliable basis for his or her choices.”
“We have all the time believed actual property organizations cannot make assured choices on information alone. They want a trusted, linked that means behind it,” mentioned L.D. Salmanson, Co-Founder and Chief Government Officer of Cherre. “The work we have achieved at Cherre was constructing towards the second the business wanted to maneuver from reporting to reasoning. Becoming a member of RealPage lets us deliver that future to the actual asset ecosystem quicker, with out altering how we work with the purchasers who belief us at this time.”
Constructing the Basis for Actual Property AI
The true property business manages trillions of {dollars} in property and helps choices with penalties that reach far past a stability sheet: the place capital flows, the place communities develop, and the way the constructed surroundings serves the individuals who rely upon it. The business is popping to AI to make these choices quicker and with higher confidence. However AI is just as dependable as the information beneath it.
In the present day, that information not often agrees with itself. A single property can seem as one tackle in a leasing system, a distinct unit quantity in an operations platform, and a separate parcel ID in a tax file, with most platforms treating these as three unrelated property. Because of this, even a fundamental query, similar to why the web working revenue (NOI) modified at a given asset, can’t be answered with confidence. The information might all be there, however till one thing resolves these identities and governs what the information means, no AI can cause throughout it.
That is the hole now stalling AI throughout the business. Fashions can’t cause throughout information that doesn’t agree on what it describes. The business’s AI ambition is sound, however the information infrastructure beneath it was constructed to report on the previous, to not assist the selections that come subsequent.
Closing that hole requires a foundational layer that resolves information into constant identities, governs what it means, and connects it right into a data graph that AI can cause throughout: why efficiency moved, what’s in danger, and the place to focus subsequent.
Why RealPage + Cherre is the Reply
For greater than a decade, Cherre has been constructing precisely that layer, at a scale few can match. Its platform resolves greater than 4 billion entities and 4 trillion {dollars} in actual property globally right into a trusted basis, sourced and ruled in a safe, compliant surroundings that institutional house owners rely upon.
RealPage brings deep operational scale throughout the property lifecycle, serving greater than 42,000 prospects and 24 million housing items worldwide. For the operator operating a single property, that very same basis means extra dependable income alerts, quicker lease-up perception, and information that stays constant throughout each system already in use. It’s the similar ruled basis that institutional portfolio-level reasoning is constructed on. Collectively, the 2 firms join what occurs on the property with what issues on the portfolio and fund degree, unifying information, belief, and infrastructure throughout all the actual property capital stack, spanning all asset lessons.
What This Means for Prospects
With Cherre, RealPage prospects will acquire entry to a layer of intelligence constructed particularly to bridge property-level information with portfolio- and fund-level context, connecting operations to the selections that rely upon them.
With RealPage, Cherre prospects will acquire the size, sources, and international supply capability of one of many business’s largest know-how suppliers, together with expanded engineering and deployment capabilities to take prospects from information readiness to AI in manufacturing, whereas persevering with to work with the identical devoted staff and consultative strategy they depend on at this time.
A Dedication to Openness and Buyer Management
Cherre’s platform has all the time labored throughout any property administration system and any information supply a buyer makes use of, and that won’t change. Cherre will stay an open hub the place any utility or information vendor can join below clear permissions, safety controls and governance requirements. RealPage and Cherre are dedicated to openness and to governance in equal measure, giving prospects the liberty to entry and use their information alongside the safety and protections they rely upon. Prospects hold each management and safety they’ve at this time, plus new enterprise-grade instruments for even finer management tomorrow.
Kirkland & Ellis LLP served as authorized counsel to RealPage. For Cherre, Software program Fairness Group (SEG) served as monetary advisor and Goodwin Procter LLP served as authorized counsel.
About RealPage, Inc.
RealPage exists to enhance the enterprise of dwelling. For greater than 25 years, RealPage has powered the neighborhoods individuals name residence, for the capital that permits them, the operators who run them, and the residents who reside in them. RealPage is advancing the AI-native platform for actual property operations and institutional intelligence, bringing collectively agentic AI, superior analytics, and ruled information into one platform. Backed by Thoma Bravo and with greater than 8,500 workers worldwide, RealPage options assist handle greater than 24 million items and the institutional portfolios behind them across the globe. For extra info, go to realpage.com.
About Cherre
Cherre is the main actual property information intelligence platform for institutional buyers, business operators, and actual asset house owners. Cherre connects, resolves, and governs fragmented information to create a trusted basis for AI, analytics, and decision-making. Organizations use Cherre to unify info throughout programs, enhance information confidence, and speed up enterprise outcomes. Cherre powers the information infrastructure behind trendy actual property operations. For extra info, go to cherre.com.
About RealPage & Cherre
Collectively, RealPage and Cherre are constructing the trusted AI infrastructure actual property has all the time required: ruled, domain-specific, and purpose-built to know what every bit of information means, resolve it persistently throughout each system that touches it, and make it accessible to AI that may cause on it, so the individuals making consequential choices can belief what it tells them. Each suggestion is traceable, each definition is ruled, and each information asset stays within the buyer’s management. That is the inspiration for the subsequent period of actual property AI.
Contacts
Patrick.Mendoza@realpage.com
Supply: RealPage, Inc.
Reporter: PR Wire
Editor: PR Wire
Copyright © ANTARA 2026
