Markerr, a real estate investment analytics platform, today announced expanding its RealRent product line and launching its property and market ranking tool RealRank, according to a press release.
The company says these new products will play a major role in meeting the data needs of its growing customer base, claiming that. its revenue has grown 359% since the second quarter of 2021.
It says as a result its Real Rent product now includes nowcasts for single-family rental (SFR) properties in over 250 MSA’s (Metropolitan Statistical Area) and forecasts for multifamily properties.
Markerr says the expansion also includes a new RealRank dashboard which streamlines submarket scoring and selection processes, by gathering nominal values and growth rates for rent, income, employment and population to provide a unified source of data for research and acquisition teams.
“Shifting market conditions and a more challenging borrowing environment require real estate investors, owners and operators to innovate and deepen their relationship with technology and data,” stated Brian Lichtenberger, Markerr founder and CEO, in the release.
“Investors who can act quickly, based on an accurate, holistic perspective, continue to outperform their competition. The expansion of RealRent and the release of RealRank advance our vision of setting a higher standard for real estate decision making, as we empower our customers to work more confidently and quickly.”