RealPage acquires Rexera to expand AI capabilities

By Housing News


RealPage

has
acquired

Rexera
,
a
company
specializing
in
artificial
intelligence-powered
automation
for
real
estate
transactions.

The
acquisition
brings
together
Rexera’s
agentic

AI

technology
with

RealPage’s

HomeWiseDocs
platform,
creating
what
the
company
says
will
be
the
first
nationwide
system
for
automating
key
aspects
of

real
estate

transactions

specifically

HOA

document
retrieval,
lien
searches,

mortgage

payoffs
and
compliance
processing.

“By
combining
RealPage’s
scale
and
the
HomeWiseDocs
platform
with
Rexera’s
AI
capabilities,
we’re
accelerating
the
transformation
of
real
estate
operations,”
said
Dana
Jones,
RealPage
CEO
and
president.
“Through
this
strategic
acquisition,
RealPage
is
leading
the
way
in
delivering
innovative
AI
solutions
to
create
meaningful
value
for
our
customers
so
they
can
focus
on
what
matters
most:
serving
their
customers.”

The
new
platform
is
expected
to
reduce
the
time
and
complexity
typically
required
in
closing
real
estate
deals

with
improvements
in
processing
speed,
accuracy
and
service
for
professionals
such
as

agents
,
escrow
officers
and

lenders
.

“RealPage
and
Rexera
share
a
commitment
to
solving
the
real
estate
industry’s
most
persistent
challenges
through
innovative
and
intelligent
technology
solutions,”
said
Vishrut
Malhotra,
Rexera
co-founder
and
CEO.
“By
joining
forces,
we’re
accelerating
our
ability
to
deliver
transformative
AI
solutions
that
streamline
operations,
reduce
friction
and
create
measurable
value
for
our
customers.”

Rexera’s
AI
agents
currently
automate
tasks
including
HOA
resale
document
collection,
municipal
lien
searches
and
mortgage
payoff
coordination.

The
company
says
its
technology
supports
more
than
1%
of
all
residential
real
estate
transactions
in
the
U.S.
each
month.

Terms
of
the
deal
were
not
disclosed.

Earlier
this
month, RealPage announced
its
acquisition

of

Livble
,
a
flexible
rent
payment
provider.

 

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