Real estate tech and services provider SitusAMC Holdings Corp. has acquired commercial real estate technology provider rSquared CRE LLC (rSquared), adding its valuation, underwriting and asset management software, rDCF, and budgeting and reforecasting software, rBudget, to SitusAMC’s commercial and residential technology offerings.
“The acquisition of rSquared furthers our commitment to provide a consolidated and integrated view of commercial real estate transactions from underwriting the original investment through eventual disposition,” SitusAMC CEO Michael Franco said. “rDCF and rBudget are innovative technologies that, when combined with our existing technology product suite, uniquely position SitusAMC to bring our clients unparalleled options while realizing opportunities and managing data across the lifecycle of their commercial real estate activity.”
Launched in 2019, rSquared provides services to commercial real estate. Its flagship product, rDCF, combines cloud technology with an intuitive user interface to support the ongoing valuation, underwriting and asset management of commercial and multifamily real estate assets and loans, enabling clients to work faster and more efficiently while ensuring accuracy and transparently across CRE portfolios. The rSquared management team will be retained by SitusAMC, and will support the integration of the rSquared brand, products and employees into the SitusAMC technology group. Terms of the transaction were not disclosed.
