rSquared CRE
rSquared CRE is a Chicago-based SaaS company providing cloud-based DCF valuation, underwriting, and budgeting software for commercial real estate owners, brokers, appraisers, and lenders, with native integrations to Argus, MRI, Yardi, JDE, and VTS.
- Company typePrivate
- Founded2019
- HeadquartersChicago, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What rSquared CRE does
rSquared CRE is a Chicago-based commercial real estate technology company that builds pure cloud-based SaaS software for CRE valuation, underwriting, forecasting, budgeting, and asset management. Its core product, rDCF, is a discounted cash flow engine with integrated debt and equity waterfall modeling, dynamic sensitivity analysis, transparent (exposed) formulas, and full audit logging, designed to address the 'black box' calculation problem common in legacy CRE software such as Argus. The platform natively integrates with Argus, MRI, Yardi, JD Edwards, and VTS, enabling bidirectional data flow with the dominant CRE technology stack, and supports all major commercial property types including office, medical office, retail, industrial, multifamily, and hospitality. A second product, rBUDGET, provides CRE budgeting and reforecasting and has been rebranded as Rockport BUDGET following a strategic investment by The Rockport Group.
The company operates a hybrid go-to-market combining a self-serve product-led motion (14-day free trial, online registration) with a sales-assisted enterprise motion (demo requests via HubSpot, phone, and email). Pricing is transparent per-seat subscription at $2,749/user/year annually or $275/user/month. rSquared serves four primary CRE verticals — property owners and operators, brokers and capital markets professionals, appraisers, and lenders — with named customers including Brennan Investment Group, Beacon Partners, SVN Angelic, Gorney Realty Company, and Black Gate Partners.
The company was founded in 2019 as a spin-off from Realogic Analytics, co-founded by Sean Fitzpatrick (CEO), Mary Osswald (COO), and Sal Caldarone. Company history records that rDCF was sold to SitusAMC in 2020; the rSquared brand subsequently continued under The Rockport Group's ownership alongside the Rockport BUDGET product. Headcount is in the 11-50 range and revenue is not publicly disclosed.
rSquared CRE firmographics
Firmographics- Name
- rSquared CRE
- Legal name
- rSquared CRE
- Website
- https://rsquaredcre.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- rSquared CRE is a Chicago-based SaaS company providing cloud-based DCF valuation, underwriting, and budgeting software for commercial real estate owners, brokers, appraisers, and lenders, with native integrations to Argus, MRI, Yardi, JDE, and VTS.
- Ownership category
- akta.pro rank
rSquared CRE industry classification
Industry- Product category
- Commercial Real Estate Financial Software
- NAICS
- Software Publishers (513210)
- SIC
- Services-Prepackaged Software (7372)
- akta.pro primary industry
- Commercial Real Estate Asset Management (BPAJAMAB)
Keywords
Where rSquared CRE is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Markets served
rSquared CRE business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Infrastructure, Operations
Revenue model
- Software Subscriptions (rDCF): Annual and monthly subscription licenses for rDCF cloud software. Annual subscription at $2,749/user/year with monthly option at $275/user/month. Subscription model provides recurring revenue with transparent per-seat pricing.
- Software Subscriptions (rBudget/Rockport BUDGET): Budgeting and reforecasting software formerly known as rBudget, now rebranded as Rockport BUDGET under The Rockport Group. rSquared maintains strategic investment in rBudget product line.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Annual Subscription - $2,749/User/Year |
| Subscription | Monthly | Monthly Subscription - $275/User/Month |
Go-to-market motion2 records
Distribution channels2 records
Marketing channels6 records
rSquared CRE product offering
Product offeringCore offering
rSquared CRE sells cloud-based commercial real estate financial software, with rDCF as the flagship product—a pure cloud DCF valuation, forecasting, and underwriting platform supporting all commercial property types (office, retail, industrial, multifamily, hospitality) with integrated debt and equity waterfall modeling. The company also offers rBUDGET, a commercial real estate budgeting and reforecasting tool (rebranded as Rockport BUDGET following The Rockport Group's strategic investment). Both products are sold as per-seat SaaS subscriptions with annual and monthly billing options and are targeted at commercial property owners, brokers/capital markets professionals, appraisers, and lenders.
Product overview
rSquared CRE offers a portfolio of pure cloud-based commercial real estate software solutions. The core product is rDCF, a DCF valuation, forecasting, and asset management platform. The second product is rBUDGET, a CRE budgeting and reforecasting tool. Both products are designed as alternatives to legacy CRE software, emphasizing ease of use, transparency, and cloud-based accessibility. rBUDGET has since been rebranded as Rockport BUDGET following an investment/partnership with The Rockport Group.
Differentiator
Problem solved
Functional benefit
Brands
- rDCF: Cloud-based commercial real estate valuation, forecasting, and underwriting software
- Rockport BUDGET
Products and services
- rDCF Pure cloud-based commercial property discounted cash flow (DCF) valuation, forecasting, and asset management software. Supports complex debt and equity waterfall modeling, an integrated underwriting workbook with real-time valuation metrics, dynamic sensitivity analysis, audit reports with transparent formulas, and full reporting for Offering Memorandums (OM) and Brokers Opinion of Value (BOV). Supports all commercial property types including office, medical office, retail, industrial, multifamily, and hospitality.
- rBUDGET Budgeting and reforecasting software for commercial real estate. Creates accurate, detailed budgets and forecasts and integrates with major CRE accounting systems including Yardi, MRI, and JD Edwards.
Quantifiable outcome
- 5%+ difference in net operating income depending on modeling policy switch settings in competing software
- +1 more outcomes
Companies that use rSquared CRE
Customer profileNamed customers5 records
Segments4 records
Ideal customer profiles4 records
rSquared CRE technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration7 records
Feature6 records
rSquared CRE partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- ArguscoreNative integration partnership - rDCF can import data from Argus DCF files, enabling seamless migration and data sharing for users transitioning from or supplementing Argus workflows.
- MRI SoftwarecoreNative integration with MRI property management and accounting systems. Enables import of rent roll and financial data into rDCF models, maintaining data consistency across platforms.
- YardicoreNative integration with Yardi property management and accounting systems. Supports data import/export for property accounting and rent roll synchronization.
- JD Edwards (JDE)coreNative integration with JD Edwards enterprise resource planning systems. Enables accounting data import for budget modeling and forecasting workflows.
- VTScoreNative integration with VTS lease management and tenant relationship platform. Supports data import/export for lease abstracts and tenant management.
Scale indicators3 records
Recent moves7 records
Expansion highlights4 records
rSquared CRE competitors and assessment
Company assessmentDirect peers
- Dealpath: Dealpath is a CRE deal management and underwriting platform used by brokers, capital markets teams, and investors to evaluate transactions. Its deal pipeline and analysis use cases overlap with rDCF's broker/capital-markets vertical.
- VTS: VTS is a CRE leasing, asset management, and tenant experience platform with which rSquared has a native integration. VTS serves the same owner, broker, and lender buyers and increasingly competes in valuation/underwriting analytics.
- Northspyre: Northspyre is a CRE project management and cost tracking platform used by developers and owners. It competes for the same owner/operator buyer and overlaps with rDCF's portfolio management and underwriting use cases.
- Cherre: Cherre is a CRE data and analytics platform that consolidates portfolio data for underwriting, valuation, and asset management. It overlaps directly with rDCF's lender/owner workflows and serves the same broker, owner, and lender buyers.
- Argus (Altus Group): Argus Enterprise (now under Altus Group) is the dominant desktop-based commercial real estate DCF and valuation platform. rSquared's rDCF is positioned directly against it as a cloud-native alternative with transparent formulas, making Argus the canonical direct peer.
Emerging players
- Apto (Buildout): Apto, now part of Buildout, is a CRM and deal management platform built for commercial real estate brokers. It targets the same broker and capital markets buyer that rSquared's "Brokers & Capital Markets" vertical serves with rDCF.
Broad incumbents
- MRI Software: MRI Software offers property management, accounting, and CRE analytics platforms with which rDCF natively integrates. Its broader portfolio competes for owner and lender software budgets against rSquared's focused DCF/budgeting tools.
- CoStar: CoStar owns LoopNet and a suite of CRE data, analytics, and marketing tools (including Ten-X and Homes.com). Its expanding analytics layer competes with rSquared for the same broker, appraiser, and capital markets decision-makers.
- Yardi: Yardi is a dominant CRE property management and accounting suite with built-in valuation and budgeting modules. It overlaps rSquared's owner and accounting-focused buyers while offering a much wider product breadth.
- RealPage: RealPage is a large incumbent provider of property management, accounting, and analytics software for the multifamily and commercial real estate industry. It overlaps with rBudget/rDCF through its broader accounting and asset management suite.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks7 records
Key highlights7 records
Customer concentration
rSquared CRE social profiles
Digital presencerSquared CRE financial estimates
Financial estimateRevenue estimate
Valuation estimate
rSquared CRE leadership team
Management profileNumber of profiles
Profiles2 records
rSquared CRE funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
rSquared CRE M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about rSquared CRE
What does rSquared CRE do?
rSquared CRE sells cloud-based commercial real estate financial software, with rDCF as the flagship product—a pure cloud DCF valuation, forecasting, and underwriting platform supporting all commercial property types (office, retail, industrial, multifamily, hospitality) with integrated debt and equity waterfall modeling. The company also offers rBUDGET, a commercial real estate budgeting and reforecasting tool (rebranded as Rockport BUDGET following The Rockport Group's strategic investment). Both products are sold as per-seat SaaS subscriptions with annual and monthly billing options and are targeted at commercial property owners, brokers/capital markets professionals, appraisers, and lenders.
Is rSquared CRE a public or private company?
rSquared CRE is a private company. It is classified as corporate owned and is currently operating.
When was rSquared CRE founded?
rSquared CRE was founded in 2019. It employs 11 to 50 people.
Where is rSquared CRE based?
rSquared CRE is headquartered in Chicago, United States, in the North America region.
How does rSquared CRE make money?
Two revenue lines are on record. Software Subscriptions (rDCF) is the primary driver. The others are software Subscriptions (rBudget/Rockport BUDGET).
Who are rSquared CRE's main competitors?
Direct peers on record are Dealpath, VTS, Northspyre, Cherre and Argus (Altus Group). Apto (Buildout) is listed as an emerging player. Broad incumbents are MRI Software, CoStar, Yardi and RealPage.
Does rSquared CRE have an API?
No public API is recorded for rSquared CRE.
What industry is rSquared CRE in?
rSquared CRE's product category is Commercial Real Estate Financial Software. Its primary akta.pro industry code is BPAJAMAB, Commercial Real Estate Asset Management. Its NAICS code is 513210 and its SIC code is 7372.