REAL ESTATE PROPERTY MANAGEMENT MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024-2031)

Key Developments

• In April 2024, RealPage, the leading global provider of AI-enabled software platforms to the real estate industry, announced the launch of the Lumina AI Platform. This advanced data platform harnesses artificial intelligence (AI) to optimize performance for property managers, offering smarter systems of engagement, intelligence, and management to enhance efficiency and productivity across the multifamily sector.
• In March 2024, CoreLogic, a leading global property information, analytics, and data-enabled solutions provider, announced a strategic alliance with LandGate, a U.S.-based data solutions provider for commercial real estate and energy. This powerful union combines LandGate's innovative data and Software-as-a-Service (SaaS) platform for asset analysis concerning renewable energy, carbon, and minerals with CoreLogic's robust property data and insights, aiming to provide a comprehensive solution that will benefit various stakeholders in the real estate and energy sectors.
• In July 2023, Entrata, Inc., a leading multifamily industry operating system based in Lehi, Utah, announced its acquisition of Rent Dynamics, a prominent provider of resident rent reporting and financial resources. This strategic move enables Entrata, Inc. to expand its service offerings and strengthen its position in the property management industry by providing residents with enhanced access to financial tools designed to improve their financial health and facilitate better-informed decisions regarding rent reporting and management.
• In June 2023, MRI Software LLC, a global leader in real estate software solutions, introduced MRI Engage Work, a commercial tenant portal designed to provide tenants with a unified and seamless experience through various technology solutions. This innovative platform features an intuitive and user-friendly interface that facilitates effortless interactions between property teams and occupants. With MRI Engage Work, tenants can conveniently access billing information, make payments, and submit online service requests, all through a single login, enhancing overall tenant engagement and satisfaction.
• In June 2022, AppFolio, Inc., a leading provider of cloud business management solutions for the real estate industry, launched the AppFolio StackTM Marketplace to modernize property management software integrations. This integration marketplace enables AppFolio Property Manager users to seamlessly access the specialized solutions they need to manage complex portfolios and run their entire business from a centralized hub, empowering property managers of all sizes to boost productivity, simplify workflows, and improve resident experiences.