- In April 2024, CoStar Group announced its acquisition of Matterport, a leading developer of 3D capture solutions for digital twins and virtual property tours. This strategic move reinforces CoStar’s position in real estate analytics, expanding its capabilities in AI-driven immersive visualization for property marketing and management. Matterport’s technology enables high-precision spatial data capture, enhancing real estate listings, commercial spaces, and architectural planning. The acquisition is expected to accelerate innovation in digital twin technology, benefiting buyers, sellers, and investors
- In September 2023, AppFolio unveiled Realm-X, a generative AI-powered conversational interface designed to streamline property management workflows. This innovation enhances leasing, maintenance, and accounting processes, allowing managers to automate tasks, ask queries, and execute operations seamlessly. Alongside Realm-X, AppFolio introduced new payment solutions, including personalized rent payment options and instant vendor payments, reinforcing its commitment to efficiency and user experience. These advancements reflect the growing role of AI in real estate technology, optimizing business operations and resident interactions
- In July 2023, Entrata, Inc. acquired Rent Dynamics, a company specializing in resident rent reporting and financial resources. This strategic move expanded Entrata’s service offerings, providing residents with enhanced financial tools to improve credit-building and rent payment management. The acquisition strengthens Entrata’s position in the property management sector, integrating Rent Dynamics’ RentPlus products to support economic inclusion and financial health for residents
- In April 2023, Inhabit introduced ResidentIQ, a comprehensive property management software tailored for residential property managers. This platform consolidates secured operations, payments, insurance, resident engagement, and screening, streamlining various aspects of property management. ResidentIQ enhances efficiency by integrating best-in-class solutions within a flexible ecosystem, allowing managers to customize their tech stack while maintaining their existing core property management system (PMS).
- In January 2023, Union, a property management software provider, introduced a centralized leasing software and support solution. This development aims to facilitate organized remote management of multifamily communities, reflecting the ongoing need for flexible and efficient solutions in a dynamic real estate market
