MRI Software, a provider of real estate software, has acquired ApartmentData.com to expand the firm’s MRI Living suite of property management services for the multifamily market.
ApartmentData.com is a Houston-based market research and data service provider that allows multifamily property owners and managers to increase value through the optimization of pricing and occupancy. The firm delivers information on managed properties with over 50 units, including pricing concessions, occupancy, amenities, and policies.
“We’re thrilled to join the MRI family,” says Rudy Mui, chief executive officer of ApartmentData.com. “Thanks to this acquisition, both our and MRI’s clients will be able to take advantage of new and expanded capabilities, which will help them manage real estate portfolios more effectively and profitably. They won’t have to wade through specialty providers who require customers to perform their own analysis. Instead, our clients will enjoy access to the combined resources of two well-established players.”