Dealpath, a cloud-based real estate investment tracking and analytics platform, announced yesterday a new partnership with leading property management firm MRI Software, according to a press release.
The company says the partnership, which integrates Dealpath into MRI’s Partner Connect program, will bridge the two, leading front-end and back-end systems to deliver a streamlined data integration and enable Dealpath to programmatically bring active deal pipeline together with portfolio data to better inform investment decisions.
The release also stated the partnership “paves the path” for future innovation between Dealpath, MRI and their shared CRE investment customers. It says that future integration will enable asset managers to look at their data in a command center and give deal teams decision-making power with access to owned asset information.
“We are thrilled to welcome Dealpath into our partnership program. In today’s dynamic market, CRE firms are challenged to drive data integration, streamline stakeholder collaboration, and make strategic decisions quickly. Open and connected solutions are key to achieving this, and the addition of Dealpath to the MRI ecosystem gives MRI clients even greater flexibility and control over their businesses,” stated Sean Slack, vice president of Partner Connect at MRI Software, in the release.
Currently used by market leaders including Blackstone, JLL, Nasdaq, 8VC, AEW, Oxford Properties and more, Dealpath has supported more than $10 trillion in global transactions through its software to date, which is designed to enable investment managers to operate at scale.
Dealpath’s technology also provides easy access to data and internal and external collaboration across teams, partners and vendors by using centralized data that is updated in real-time to give flexibility to investors. The company also stated that its platform offers institutional-level security in compliance with SOC 2 Type 2.
“Dealpath is constantly looking towards the future to further empower our customers as well as today’s broader marketplace with real-time, accurate data integration and in-depth knowledge,” stated Dealpath CEO Mike Sroka.
“In order to continue to display this commitment, we consistently have our finger on the pulse of key PropTech players to partner with, in an effort to offer the best-in-class tech. Our partnership with MRI will allow our users to bolster portfolio visibility, accuracy and data governance while eliminating duplicate entry,” Sroka said.
In other recent proptech news, Kiavi closed a $271 million revolving securitization of unrated residential transition loans. Virtuance CEO Jeff Corn also discussed the company’s recent acquisition by Diakrit and the growing importance of digital assets in real estate.