MRI Software Acquires ApartmentData.com

MRI Software

MRI Software, a Solon, OH-based real estate software company, acquired ApartmentData.com, a Houston, TX-based provider of market research and data solutions that enable multifamily property owners and managers to increase property values by optimizing pricing and occupancy. 

The amount of the deal was not disclosed.

The acquisition will further deepen MRI’s footprint in the southern U.S., and expand MRI Living™ suite of property management solutions for the multifamily market.

Founded in 1986 and led by Rudy Mui, chief executive officer, and John Severance, founder and chief technology officer, ApartmentData.com provides comprehensive and accurate information on professionally managed properties with more than 50 units, including pricing, concessions, occupancy, amenities, and policies at the floor plan level. Its flagship solution, Competition RADAR, leverages proprietary algorithms to identify and alert users to relevant competitive trends, provide pricing recommendations, and calculate property- or portfolio-level impact. The company, which serves 12 of the fastest-growing metropolitan statistical areas (“MSAs”) in the U.S.: Houston, Dallas/Fort Worth, Austin, San Antonio, Atlanta, Phoenix/Tucson, Nashville, Raleigh/Durham, Charlotte, Orlando, Tampa, and Jacksonville, supplements its digital collection techniques with direct calling and client communications, helping ensure the highest levels of data accuracy and detail. 

MRI will continue to serve ApartmentData.com clients without interruption. 

MRI provides the MRI Living suite, an extensive portfolio of multifamily solutions that empower property owners and operators with AI-first tools to manage every part of the residential lifecycle, from lead to lease to renewal.