MRI Software, based in Cleveland, has acquired Multifamily Insurance Partners, also based in Ohio, for an undisclosed sum. The acquisition should spell wins for everybody as property owners and tenants can take care of the insurance question right at the leasing table. The new partnership has been christened MRI Multifamily Insurance and will be available through MRI Living, the company’s end-to-end suite of residential solutions.
“Acquiring Multifamily Insurance Partners enhances MRI’s comprehensive residential offering,” says David Carner, senior vice president of residential solutions for MRI Software. “It enables MRI to make resident insurance available as part of a single, fluid leasing and onboarding process that protects both property owners and residents. Offering renters insurance via online portals gives MRI clients more options for creating a fully automated system that addresses the preferences and habits of modern renters.”
The move is also designed to offer more insurance options as clients can select MRI Software’s insurance compliance program or select a provider from its extensive Partner Connect program. Jim Sweeney, Multifamily Insurance Partners CEO, says: “Joining a PropTech industry leader in MRI helps Multifamily Insurance Partners reach new markets and leverage the latest in leasing and onboarding technology to provide the enhanced customer experience that property managers demand.”
