RealPage has acquired Cherre, a real estate data intelligence platform serving institutional owners, investment managers, and operators globally. According to the firms, this combination will help connect property-level operations with institutional portfolio intelligence, providing a foundation for better decisions and stronger performance.
“The acquisition of Cherre is a win-win for RealPage’s multifamily customers,” said RealPage president and CEO Dirk Wakeham. “Multifamily, and real estate as a whole, runs on data. But data only creates value when you can trust it and reason across it. By bringing together Cherre’s data intelligence platform with RealPage’s full platform, our customers get a single, trusted view of their data and operations, and artificial intelligence (AI) they can rely on to help them run their communities better.”
With the acquisition, RealPage, which serves more than 42,000 customers and 24 million housing units worldwide, will be able to provide a platform that unifies data, trust, and infrastructure across the real estate capital stack spanning every asset class. In addition, Cherre customers will gain scale, resources, and global delivery capacity, including expanded engineering and deployment capabilities to take customers from data readiness to AI in production.
“We’ve always believed real estate organizations can’t make confident decisions on data alone. They need trusted, connected meaning behind it,” said Cherre founder and CEO L.D. Salmanson. “The work we’ve done at Cherre was building toward the moment the industry needed to move from reporting to reasoning. Joining RealPage lets us bring that future to the real asset ecosystem faster, without changing how we work with the clients who trust us today.”
Cherre’s platform also will continue to work across any property management system and any data source a customer uses. It will remain an open hub where any application or data vendor can connect under clear permissions, security controls, or governance standards.