Kuala lumpur: RealPage, Inc., a leading provider of AI-enabled software and data analytics for the real estate sector, has announced the completion of its acquisition of Cherre, a renowned real estate data intelligence company. This strategic move aims to enhance RealPage's capabilities by integrating Cherre's trusted intelligence platform, benefiting institutional owners, investment managers, and operators worldwide.

According to BERNAMA News Agency, Dirk Wakeham, President and CEO of RealPage, emphasized the transformative potential of AI in real estate, highlighting the importance of a deep understanding of the industry. Wakeham stated, "Cherre has built the kind of trusted, governed intelligence that institutional owners and asset managers depend on. Bringing that expertise into RealPage means every customer, whether they manage one property or a global portfolio, gets access to a stronger, more trustworthy foundation for their decisions."

By acquiring Cherre, RealPage aims to create a comprehensive AI-powered intelligence platform that caters to the full real estate capital stack. This acquisition is expected to empower RealPage's customers with enhanced data-driven insights, ultimately leading to informed decision-making and optimized asset management.