Inhabit IQ, a collective of tech-forward products serving the residential, commercial and vacation rental management industries, and ResMan, a leading property management SaaS platform provider, announced that Inhabit IQ has added ResMan to its suite of solutions for multifamily and commercial property management. Terms of the transaction were not disclosed.
ResMan’s property management platform provides end-to-end visibility into both front- and back-office operations, including accounting, budgeting, maintenance, reporting and end-to-end leasing, among other unique capabilities.
This transaction will give Inhabit IQ a core residential-focused property management solution, while further expanding Inhabit IQ’s presence in the affordable housing market. Inhabit IQ’s ancillary product offerings covering payments, screening, insurance, utility billing, document management, inspections, facility maintenance and learning management are highly complementary with ResMan, and the combination will enable the company to meet the evolving needs and priorities of property management companies, the companies said. The platforms of both Inhabit IQ and ResMan will remain open to partnerships with other solutions providers.
ResMan’s headquarters will remain in Plano, Texas, and the company will continue to be led by Paul Bridgewater and its current senior leadership team.
Weil Gotshal & Manges LLP served as legal advisor to Inhabit IQ. Harris Williams LLC served as financial advisor to ResMan.
