News
Rent Collection in Affordable Housing Continues to Lag, Says Latest Report from MRI Software
Collection Rates Higher in Public Housing; Tenants Staying Put in Both Sectors Solon, Ohio – September 17, 2020 – Rent collection in affordable housing continues to lag as the pandemic wears on, according to the latest report from Proptech firm MRI Software (“MRI”). Year-over-year collection rates in public housing remain comparatively high. Meanwhile, tenants in … Continued
Multifamily Leasing Concessions Reached New High in August; Pricing Pressures and Elevated Card Payment Volumes Continue
Latest Report from MRI Software Tracks Effects of COVID-19 on Market-Rate Housing Throughout the U.S. Solon, Ohio – September 14, 2020 – The COVID-19 pandemic continued to present challenges to the multifamily industry in August. That’s the latest assessment from Proptech firm MRI Software (“MRI”), whose data shows a new high for leasing concessions, accompanied … Continued
MRI Software enters into definitive agreement to acquire RentPayment™ business from Priority Technology Holdings, Inc.
Under agreement, Priority to continue providing payment infrastructure and processing Alpharetta, GA and Solon, OH – September 1, 2020 – MRI Software (“MRI”), a global leader in real estate software solutions, and Priority Technology Holdings, Inc. (NASDAQ: PRTH) (“Priority”), a leading provider of merchant acquiring, integrated payment software and commercial payment solutions, have entered into … Continued
MRI Software Named to Inc. 5000 List of Fastest-Growing Private Companies
PropTech Firm Logs Three-Year Revenue Growth of 161% Solon, Ohio – August 20, 2020 – MRI Software, a global leader in real estate software solutions, was named to the Inc. 5000 list of fastest-growing private companies in the United States. The list, compiled by Inc. Magazine, is regarded as the definitive ranking of the nation’s … Continued
Rent Collections Dropped in Affordable Housing and Rebounded in Public Housing in July
Latest Report from MRI Software Tracks Effects of COVID-19 on Affordable and Public Housing Throughout the U.S. Solon, Ohio – August 17, 2020 – July rent collection in affordable housing reached a new low for 2020 at 76% of July 2019’s rates, while public housing saw a rebound from 78% of 2019’s rates in June … Continued
Mixed Results for Multifamily in July: Lease Pricing Down; Concessions and Card Payments Up; Traffic Holding Steady
Latest Report from MRI Software Tracks Effects of COVID-19 on Market-Rate Housing Throughout the U.S. Solon, Ohio – August 11, 2020 – The U.S. multifamily market is experiencing an unusual summer, as the COVID-19 pandemic continues to affect the traditional busy season for leasing. That’s the verdict from Proptech firm MRI Software (“MRI”), whose data … Continued
MRI Software Acquires MacMunnis to Expand Offering For Corporate Occupiers
MacMunnis managed services help occupiers automate manual tasks, reduce costs and accelerate time to value from software investments Solon, Ohio – August 6, 2020 – MRI Software, a global leader in real estate software solutions, has acquired MacMunnis, Inc., an established provider of lease administration solutions to enterprise businesses managing complex lease portfolios. MacMunnis’ services … Continued
MRI Software acquires Housing Partners to broaden front-line digital services for social housing tenants
Acquisition complements MRI’s social housing solution set with innovative technologies that enhance tenant well-being, satisfaction and safety London – 5 August, 2020 – MRI Software, a global leader in real estate software solutions, announces the acquisition of Housing Partners, a specialist technology provider for the social housing sector in the UK and Ireland. The strategic … Continued