Deal links property operations data with portfolio intelligence
RealPage, Inc. Has completed its acquisition of Cherre, the companies announced on 14 July 2026.
RealPage is based in Richardson, Texas, while Cherre is a real estate data intelligence company in New York.
The deal links property-level operations with institutional portfolio intelligence for owners, operators and investment managers.
RealPage said the combination gives customers a governed and trusted data foundation for stronger decisions and better performance.
Dirk Wakeham, president and chief executive of RealPage, said: “AI can transform real estate only if it understands real estate.”
Wakeham said Cherre built governed intelligence that institutional owners and asset managers rely on, and he said RealPage customers should gain a stronger base for decisions.
One property, three identities
The companies pointed to a common data problem in real estate systems. One property can show up as one address in a leasing system, a different unit number in an operations platform, and a separate parcel ID in a tax record.
As a result, many platforms treat those entries as three unrelated assets. That can stop teams answering why net operating income, or NOI, changed at a specific asset.
RealPage said the industry manages trillions of dollars in assets, yet many systems were built to report on the past rather than support the next decision.
Capital flows, community growth and building performance can all be affected when data does not match across systems.
Cherre has worked with institutional owners, investment managers and operators worldwide.
L.D. Salmanson, Cherre co-founder and chief executive, said the company had been building toward a shift from reporting to reasoning and would keep serving existing clients after joining RealPage.
Following the acquisition, RealPage said Cherre will continue to work across any property management system and data source that customers use.
RealPage also said Cherre will remain an open hub where applications and data vendors connect under customer permissions, security controls and governance standards.
Advisers on the transaction were also named on 14 July 2026. Kirkland & Ellis LLP acted as legal counsel to RealPage, while Software Equity Group advised Cherre and Goodwin Procter LLP served as legal counsel to Cherre.
