What Manhattan Software does

Manhattan Software is a privately held corporation founded in 1983, headquartered in Milford, Ohio (US), with stated global headquarters in London and US operations centered in Solon, Ohio, and 5,001-10,000 employees. The company operates commercially under the MRI Software brand, providing enterprise real estate software to 45,000+ clients across 170+ countries, managing 23 million units and 5.5 million leases. Its offering spans property management and financials, commercial real estate operations, facilities and workplace management, affordable and public housing compliance, lease lifecycle and accounting (including ASC 842 and IFRS 16 support), tenant-facing services (engagement, payments, screening, ID verification), and intermodal transportation logistics through the wholly-owned MRI Intermodal subsidiary. The company pursues an enterprise field-sales go-to-market, with regional offices in Singapore (APAC), Sydney (Oceania), and London (EMEA), supported by the 400+ partner Partner Connect ecosystem.

The technology core is the MRI Agora intelligent real estate platform, layered over the Property Management X system, with June 2026 additions Agora Intelligence (AI-powered recommendations) and Agora Orchestrator (AI-powered workflow execution). The product portfolio is modular: Accounting & Financials, Investment Management, Lease Management/Accounting/Abstraction, Facility Management, IWMS, Energy Management, Footfall Analytics, OnLocation visitor management, MRI Engage (marketing and leasing), Engage Work (tenant portal), RentPayment, ApartmentData, CheckpointID, Resident Screening, and Multifamily Insurance. The architecture is described as open and connected, integrated through the Partner Connect ecosystem and applicable across multifamily, commercial, healthcare, education, government, telecommunications, and intermodal logistics verticals.

Manhattan Software generates revenue across four streams: software subscriptions (the primary recurring engine), professional services (implementation, training, health checks, recurring services packages), managed services (outsourced property accounting, lease administration, data and asset management), and support services (hosting, deployment, technical support). Pricing is quote-based and not publicly disclosed, consistent with enterprise software conventions, with annual billing cadence. The company is private, structured as MRI Software LLC in Ohio, with no public ticker or disclosed PE/VC ownership in the source material. The company was founded by Steve Vatidis and has grown to its present scale through organic product development and tuck-in acquisitions including Centerstone, RentPayment, CheckpointID, and MRI Intermodal.

Name

Manhattan Software

Legal name

MRI Software LLC

Website

https://manhattansoftware.com

Company type

Private

Founded year

1983

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Manhattan Software (operating as MRI Software) is a private enterprise software company providing AI-enabled property management, lease management, and facilities software to 45,000+ real estate clients across 170+ countries.

Ownership category

akta.pro rank

Product category

Real Estate Software

NAICS

Software Publishers (513210), Offices of Real Estate Agents and Brokers (531210), Rental and Leasing Services (532)

SIC

Services-Prepackaged Software (7372), Real Estate Agents & Managers (For Others) (6531), Real Estate (6500)

akta.pro primary industry

Smart Building Software Platforms (IWMS/CAFM Integration, Digital Twin, Command Center) (BPABAGAG)

akta.pro secondary industries

Multifamily Apartment Property Management (BPAJAFAA), Affordable & Subsidized Housing Property Management (LIHTC, Section 8) (BPAJAFAD), Tower Portfolio Acquisition & Management Platforms (Asset/Lease Management Software) (HDAIAKAL)

Keywords

• Property Management Software
• Real Estate Software
• Lease Management Solutions
• Facilities Management Software
• Investment Management Software

Headquarters

HQ city

Milford

HQ country

United States

HQ region

North America

Offices4 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Software Subscriptions: MRI Software generates revenue primarily through software subscriptions, offering multiple product modules including property management, lease management, facilities management, and industry-specific solutions on a recurring subscription basis.
2. Professional Services: The company offers professional services including training, health checks, implementation consulting, and recurring professional services packages.
3. Managed Services: MRI provides managed services including property accounting, lease administration, data management, and asset management services for clients.
4. Support Services: Support services including hosting, deployment, and ongoing technical support.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels6 records

Core offering

Manhattan Software provides an intelligent real estate software platform spanning property management, lease lifecycle management, facilities and energy management, marketing and leasing automation, and AI-powered workflow orchestration. The portfolio serves property owners, operators, housing authorities, and occupiers across multifamily, commercial, public and affordable housing, healthcare, education, government, telecommunications, and industrial real estate sectors, with complementary Professional, Managed, and Support Services.

Product overview

Manhattan Software (operated as MRI Software) offers a unified Intelligent Real Estate Platform architecture. The core platform is Property Management X, supplemented by the AI-powered MRI Agora Platform which provides recommendations and workflow automation. The portfolio spans property management and financials (Property Management X, Accounting & Financials, Investment Management), facilities and workplace (Facility Management, Energy Management, IWMS Software, OnLocation, Footfall Analytics), marketing and leasing (MRI Engage, Engage Work, RentPayment, ApartmentData), risk management (CheckpointID, Resident Screening, Multifamily Insurance), and lease management (Lease Management, Lease Accounting, Lease Abstraction). Specialized solutions exist for multifamily, commercial real estate, public housing, affordable housing, and other sectors. The company also offers professional services, managed services, and support.

Differentiator

Problem solved

Functional benefit

Brands

• MRI Agora: Intelligent real estate platform connecting operations, data, and AI-powered insights
• myMRI
• MRI Partner Connect
• Sunshine Falls

Products and services

• Property Management X Primary property management platform that connects operations, customizes user experience, and enables better decision-making through intelligent real estate technology for property owners and managers.
• MRI Agora Platform Intelligent real estate platform serving as the central hub for AI-powered recommendations and workflow automation, integrating data across property operations for owners, operators, and occupiers.
• Commercial Property Management Software for commercial real estate owners and operators to retain tenants, optimize property operations, minimize costs, and maximize Net Operating Income (NOI).
• Accounting & Financials Real estate financial software for managing property accounting, financial reporting, and fiscal operations across portfolios.
• Investment Management Software for real estate investment tracking, portfolio management, and investment performance analysis.
• Public Housing Property management solution for public housing authorities to serve residents, stay compliant, manage assets, and support teams.
• Affordable Housing Compliance Compliance management software for affordable housing properties, ensuring adherence to regulatory requirements.
• Facility Management Facilities management solution with automation and data accessibility ensuring maintenance is completed on time, within budget, and in compliance.
• Energy Management Energy monitoring and management solution for understanding consumption patterns, reducing costs, and meeting sustainability goals.
• IWMS Software Integrated Workplace Management System with extensible capabilities for facilities and space management.
• OnLocation (Visitor Management) Visitor management system for tracking and managing visitors, contractors, and guests across properties.
• Footfall Analytics Analytics solution for tracking and analyzing visitor foot traffic patterns in properties.
• MRI Engage Marketing and leasing platform for real estate properties, supporting tenant acquisition and marketing campaigns.
• Engage Work (Tenant Portal) Tenant portal providing residents and tenants self-service access to lease information, maintenance requests, and communications.
• RentPayment Resident payment solution enabling tenants to pay rent online, supporting electronic payment processing and property accounting integration.
• CheckpointID ID verification solution for identity verification and fraud prevention in tenant screening and leasing processes.
• Resident Screening Tenant and resident screening solution for background checks, credit evaluation, and rental history verification.
• ApartmentData Market data solution providing multifamily market intelligence, comparable rent data, and market analytics for property decisions.
• Multifamily Insurance Insurance products and management solutions tailored for multifamily property owners and operators.
• Lease Management Comprehensive lease lifecycle management solution to avoid costly contract mistakes, mitigate risks, and maximize lease value.
• Lease Accounting Lease accounting software ensuring compliance with ASC 842 and IFRS 16 standards for lease recognition and reporting.
• Lease Abstraction Lease abstraction solution for extracting, organizing, and summarizing key terms from lease documents.
• MRI Intermodal Transportation and logistics management solution for intermodal operations.
• Professional Services Implementation, consulting, and training services including training academy, health checks, and recurring professional services packages.
• Managed Services Outsourced services including property accounting, lease administration, data management, and asset management services for MRI Software clients.
• Support Services Technical support, hosting, and deployment services for Manhattan Software solutions.

Segments10 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature13 records

Partnerships

One partnership is on record.

• MRI Partner Connect EcosystemcoreTechnology or IntegrationMRI's Partner Connect program provides a comprehensive ecosystem of 400+ technology and integration partners, enabling customers to customize and extend their MRI platform with specialized solutions. Partners include technology vendors, implementation specialists, and channel partners that help deliver and deploy MRI solutions globally.

Scale indicators7 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Yardi Systems: Privately held enterprise software provider for residential, commercial, and affordable housing property management. Directly competes with MRI across multifamily, commercial RE, and public housing segments with the Yardi Suite and Yardi Elevate platforms.
• RealPage: Thoma Bravo-owned property management software platform serving multifamily, single-family, commercial, and student housing. Directly overlaps MRI's core property management, lease, payments, and screening offerings and is a primary competitor in enterprise deals.
• AppFolio: Cloud-based property management software focused on mid-market multifamily and single-family rental operators. Competes with MRI Property Management X in the residential segment with AppFolio Property Manager and Realm-X add-ons.
• Buildium: Property management platform for small-to-mid residential portfolios, including single-family and small multifamily. Owned by RealPage; competes with MRI's smaller-operator offerings in the residential space.
• Yardi Energy: Yardi's energy and sustainability suite overlaps with MRI's Energy Management and Footfall Analytics offerings, serving the same commercial and multifamily operators.
• Entrata: Multifamily property management software platform with resident lifecycle, payments, and marketing tools. Competes with MRI's multifamily suite, particularly among large national operators and student housing portfolios.

Broad incumbents

• Oracle Real Estate and Workplace: Oracle's enterprise applications include lease accounting (under IFRS 16/ASC 842) and real estate/workspace management modules. Competes with MRI's Lease Management, Lease Accounting, and IWMS products in large enterprise accounts.
• SAP REFX: SAP's real estate management (RE-FX) and lease accounting capabilities are part of its ERP suite. Competes with MRI primarily in large, ERP-centric multinationals needing integrated lease accounting and corporate real estate management.
• Trimble Viewpoint: Trimble's construction and real estate software suite includes facilities and asset management capabilities. Adjacent competitor to MRI's IWMS and facilities management products in owner/operator and contractor-led environments.

Emerging players

• LeaseAccelerator: Specialized lease accounting and lease management software (ASC 842/IFRS 16). Competes with MRI's Lease Management and Lease Accounting modules, particularly with corporate occupiers and finance teams.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/mrisoftware
• YouTubeyoutube.com/user/mrisoftware
• Facebookfacebook.com/MRISoftware
• LinkedInlinkedin.com/company/manhattan-software

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Manhattan Software