Procuret
ProcuRET is a Group Purchasing Organization for medium-to-large real estate owners and operators, aggregating buying power across 50+ strategic investors covering 3M+ rental units to negotiate exclusive pricing and rebates with 27+ national and regional suppliers.
- Company typePrivate
- Founded2012
- HeadquartersNew York, United States
- Headcount1–10
- GTM typeB2B
- OfferingServices
What Procuret does
ProcuRET is a Group Purchasing Organization (GPO) purpose-built for medium-to-large real estate owners and operators, structured as a purchasing consortia that aggregates member buying power to negotiate exclusive pricing and rebate terms with national and regional suppliers. The platform is backed by RET Ventures and supported by a network of 50+ strategic investors who collectively own or manage more than 3 million residential rental units, providing both the membership base and the supply-side credibility that underpins ProcuRET's 500,000+ unit buying-power claim and its roster of 27+ supplier partners (including Ferguson, Lowe's Pro Supply, Sherwin-Williams, Servpro, Marcone, Chadwell, Moen, and Granite).
The core technology is a set of interactive Qlik-based dashboards (Category Compliance, Savings Analysis, Rebate Overview, Crosswalk Analysis) that give members SKU-level visibility into procurement mix, realized savings, eligible spend and rebate disbursement, and missed-savings opportunities by supplier, property, and purchase category. Supporting services include competitive bidding, installer/vendor consolidation, master contract development with price protection, and KPI-based service agreements across MRO, Appliances, Flooring, Paint, Plumbing, Remediation, and IT & Telecom categories.
ProcuRET's revenue model is transaction-based: the company tracks member purchasing performance and compliance, manages volume rebates negotiated with suppliers, and retains a portion of the rebates generated through collective buying. Members purchase directly from program vendors at exclusive discounts, so ProcuRET monetizes a percentage of realized spend rather than charging a software subscription. Customer acquisition is sales-led and consultative, leveraging quantified case-study outcomes (e.g., $4.3M MRO savings, 15% remediation cost reduction, 17% net flooring savings) and is concentrated in medium-to-large multifamily operators across the United States.
Procuret firmographics
Firmographics- Name
- Procuret
- Legal name
- ProcuRET, LLC
- Website
- https://procuret.llc
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- ProcuRET is a Group Purchasing Organization for medium-to-large real estate owners and operators, aggregating buying power across 50+ strategic investors covering 3M+ rental units to negotiate exclusive pricing and rebates with 27+ national and regional suppliers.
- Ownership category
- akta.pro rank
Procuret industry classification
Industry- Product category
- Real Estate Procurement (Group Purchasing Organization)
- akta.pro primary industry
- Catalog & eProcurement Enablement (Punchout, Item Master) (BPAAAJAI)
- akta.pro secondary industries
- Spend Analytics & Reporting Support (BPAAAJAJ), Procurement Helpdesk & Stakeholder Support (BPAAAJAD)
Keywords
Where Procuret is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Procuret business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure
Revenue model
- Volume Rebates: ProcuRET tracks member purchasing performance and compliance, manages volume rebates from suppliers, and earns a portion of the rebates generated through collective buying power. Members receive exclusive discounts at point-of-sale and benefit from volume rebates negotiated by ProcuRET.
Go-to-market motion1 record
Distribution channels1 record
Marketing channels3 records
Procuret product offering
Product offeringCore offering
Procuret (ProcuRET, LLC) operates as a Group Purchasing Organization (GPO) and purchasing consortia purpose-built for real estate owners and operators, primarily serving medium to large multi-family rental housing operators. Members gain access to 500,000+ unit buying power, exclusive negotiated pricing with 27+ supplier partners across MRO, Appliances, Flooring, Paint, Plumbing, Remediation, and IT & Telecom categories, plus interactive dashboards for real-time procurement visibility, savings analysis, and rebate tracking.
Product overview
ProcuRET is a Group Purchasing Organization (GPO) platform designed for real estate owners and operators. The platform combines an Interactive Dashboards system with Spend Analytics & Insights to provide members with real-time procurement monitoring, compliance tracking, and data-driven decision-making tools. Services include MRO Procurement Services, Remediation Category Services, and Flooring Category Management across a network of exclusive Supplier Partners. Members purchase directly from program vendors and receive exclusive discounts, volume rebates, and access to pre-vetted supplier relationships.
Differentiator
Problem solved
Functional benefit
Products and services
- Interactive Dashboards Real-time monitoring platform providing complete visibility into procurement activities for ProcuRET members, with category compliance tracking by supplier, property and SKU, SKU-level savings analysis by category and property, rebate overview by supplier and property, and crosswalk analysis identifying missed savings opportunities at SKU level by supplier, property, and purchase category.
- Spend Analytics & Insights Data-driven reporting and analytics platform providing personalized insights, SKU-level savings analysis, and procurement optimization intelligence for real estate owners and operators.
- MRO Procurement Services Maintenance, repair, and operations (MRO) category management including supplier consolidation, competitive RFP processes, and volume rebate programs for real estate owners and operators.
- Remediation Category Services Remediation spend optimization including vendor consolidation, rate card development, and standard agreement implementation with service KPIs for real estate portfolios.
- Flooring Category Management Flooring procurement optimization through competitive bidding, manufacturer negotiations, installer consolidation, and master contract management with price protection for multi-family portfolios.
- Supplier Partner Network Network of exclusive supplier partnerships across real estate spend categories including Appliance Parts, Flooring, IT & Telecom, MRO & Appliances, Paint, Plumbing, and Remediation, giving members access to pre-vetted vendors at negotiated pricing.
Quantifiable outcome
- Achieved $4.3M (10%) in MRO category savings in under two years for a top 20 multifamily operator
- +5 more outcomes
Companies that use Procuret
Customer profileNamed customers3 records
Segments2 records
Ideal customer profiles1 record
Procuret technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature5 records
Procuret partnerships and signals
Strategic signalPartnerships
27 partnerships are on record, tiered core and supporting.
- ServprocoreNational remediation services provider partnered with ProcuRET to secure cost-competitive national deals for members, achieving discounts from standard Xactimate pricing for remediation services across FL and TX markets.
- FergusoncoreNational MRO & Appliances distributor providing supply chain services to ProcuRET members with negotiated pricing and reliable delivery for high-impact SKUs.
- Lowe's Pro SupplycoreNational MRO & Appliances distributor partner offering ProcuRET members access to professional-grade supplies and equipment with exclusive pricing.
- Sherwin-WilliamscoreNational paint supplier partner providing ProcuRET members with optimized contracts for paint procurement across real estate portfolios.
- ILG (International Flooring)coreNational flooring supplier partner offering ProcuRET members exclusive pricing on flooring materials with national coverage.
- Real FloorscoreNational flooring supplier partner providing ProcuRET members with flooring solutions and installation services.
- MarconecoreNational appliance parts distributor providing ProcuRET members with parts sourcing and supply chain services.
- ChadwellcoreNational MRO & Appliances distributor partner serving ProcuRET members with supply procurement solutions.
- MoencoreNational plumbing supplier partner providing ProcuRET members with plumbing fixtures and supplies at negotiated pricing.
- GranitecoreNational IT & Telecom supplier partner offering ProcuRET members technology and telecommunications procurement services.
- RedisupportingNational flooring supplier partner with coverage across ProcuRET member portfolio regions.
- ArtisentsupportingRegional flooring supplier serving specific geographic markets within the ProcuRET network.
- Burch BrotherssupportingRegional flooring supplier partner serving ProcuRET members in specific market areas.
- Carpet SouthsupportingRegional flooring supplier partner covering southern markets within the ProcuRET network.
- Flooring PartnerssupportingRegional flooring supplier partner serving ProcuRET members across designated regions.
- House of FloorssupportingRegional flooring supplier partner within the ProcuRET network.
- ImpactsupportingRegional flooring supplier partner serving ProcuRET members.
- LifestylesupportingRegional flooring supplier partner covering specific markets within ProcuRET network.
- NAFsupportingRegional flooring supplier partner serving ProcuRET members.
- RasasupportingRegional flooring supplier partner within the ProcuRET network.
- RoyaltysupportingRegional flooring supplier partner serving ProcuRET members in designated areas.
- Southeast FloorssupportingRegional flooring supplier partner covering southeastern markets within the ProcuRET network.
- Texas SouthwestsupportingRegional flooring supplier partner serving ProcuRET members in Texas and southwestern markets.
- TF Andrew CarpetsupportingRegional flooring supplier partner within the ProcuRET network.
- AOFsupportingRegional flooring supplier partner serving ProcuRET members.
- Elite SteamsupportingRegional remediation services provider serving ProcuRET members in specific markets.
- GladiatorsupportingRegional remediation services provider serving ProcuRET members.
Scale indicators10 records
Recent moves6 records
Expansion highlights4 records
Procuret competitors and assessment
Company assessmentBroad incumbents
- Coupa Software: Coupa is a large horizontal spend management and procurement platform used by enterprises across industries. While it does not specialize in multifamily real estate, it represents the broad incumbent class that could eventually build vertical-specific offerings to compete with ProcuRET.
- Yardi: Yardi provides comprehensive real estate software for property management, accounting, and procurement workflows. Its procurement and vendor management capabilities overlap with ProcuRET's offering, and its installed base in multifamily gives it a strong incumbency advantage.
- MRI Software: MRI Software offers real estate software solutions including vendor and procurement management. Like Yardi, it serves the same multifamily customer base as ProcuRET with a broader platform offering rather than a focused GPO model.
- RealPage: RealPage is the dominant operating system for multifamily and rental housing operators, with vendor management and procurement-adjacent modules. It serves the same customer base as ProcuRET and represents the most significant platform-incumbent threat to ProcuRET's vertical.
Others
- Avetta: Avetta is a supplier compliance and qualification network used by enterprises to vet contractors and vendors. It addresses the supplier risk and onboarding side of procurement, which complements ProcuRET's GPO model rather than directly competing with it.
Emerging players
- AppFolio: AppFolio provides property management software for residential portfolios, including vendor management features. It is a smaller, more focused platform that overlaps with ProcuRET at the customer base level and could expand into procurement over time.
- Procurated: Procurated is a procurement platform focused on supplier discovery, evaluation, and contract purchasing for public sector and institutional buyers. It shares the broader procurement-platform DNA with ProcuRET but operates in a different vertical and with a different monetization model.
Direct peers
- ServiceChannel: ServiceChannel provides facility and maintenance procurement and vendor management software for multi-site commercial and retail properties. It is the closest functional peer to ProcuRET's facility maintenance, MRO, and vendor compliance offering, although it is technology-led rather than GPO-led.
- Omnia Partners: Omnia Partners is a large national group purchasing organization serving public agencies, non-profits, and private-sector entities. It competes with ProcuRET on the GPO model itself — pooled purchasing power, contracted suppliers, and rebate economics — and could expand into the multifamily vertical.
- Sourcewell: Sourcewell is a public-sector cooperative that operates as a GPO, aggregating purchasing volume to negotiate contracts on behalf of members. It demonstrates the same GPO economics and contract structures that ProcuRET applies in multifamily real estate.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights6 records
Customer concentration
Procuret social profiles
Digital presenceProcuret financial estimates
Financial estimateRevenue estimate
Valuation estimate
Procuret leadership team
Management profileNumber of profiles
Profiles10 records
Procuret funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Procuret 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 Procuret
What does Procuret do?
Procuret (ProcuRET, LLC) operates as a Group Purchasing Organization (GPO) and purchasing consortia purpose-built for real estate owners and operators, primarily serving medium to large multi-family rental housing operators. Members gain access to 500,000+ unit buying power, exclusive negotiated pricing with 27+ supplier partners across MRO, Appliances, Flooring, Paint, Plumbing, Remediation, and IT & Telecom categories, plus interactive dashboards for real-time procurement visibility, savings analysis, and rebate tracking.
Is Procuret a public or private company?
Procuret is a private company. It is classified as venture growth investor backed and is currently operating.
When was Procuret founded?
Procuret was founded in 2012. It employs 1 to 10 people.
Where is Procuret based?
Procuret is headquartered in New York, United States, in the North America region.
How does Procuret make money?
One revenue line is on record: volume Rebates.
Who are Procuret's main competitors?
Broad incumbents on record are Coupa Software, Yardi, MRI Software and RealPage. Avetta is listed as an others. Emerging players are AppFolio and Procurated. Direct peers are ServiceChannel, Omnia Partners and Sourcewell.
Does Procuret have an API?
No public API is recorded for Procuret.
What industry is Procuret in?
Procuret's product category is Real Estate Procurement (Group Purchasing Organization). Its primary akta.pro industry code is BPAAAJAI, Catalog & eProcurement Enablement (Punchout, Item Master), with a secondary code of BPAAAJAJ, Spend Analytics & Reporting Support.