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MRI Software LLC
MRI Software LLC provides property management and accounting software for real estate operators, serving over 2 million units globally from Solon, Ohio.
MRI Software LLC
MRI Software LLC was founded in 1971 and operates as a property management software provider based in Solon, Ohio. The company serves real estate owners, managers, and investors with a suite of tools covering accounting, leasing, maintenance, and resident experience. Its founding team created the product to address operational needs in the multifamily housing sector. The firm's platform supports over 2 million residential units and serves clients across multifamily, commercial, and affordable housing segments. MRI Software offers both on-premise and cloud-based deployment, with modules for portfolio analytics, marketing, and compliance. The company has expanded through acquisitions, including the purchase of property management software firm Yardi Systems' competitor in 2020 (per public record, 2020). Its geographic reach spans North America, Europe, and Asia-Pacific. MRI Software employs over 1,800 people globally, with offices in the United States, United Kingdom, Australia, and India. The firm is privately held, backed by private equity investors including TA Associates and Harvest Partners (per public record, 2018). In 2021, the company acquired ResMan, a property management platform for the affordable housing market (per the firm's official communications, 2021). A structural differentiator is MRI Software's focus on a single vertical — real estate operations — rather than offering a generalist enterprise software suite. The firm's mandate is to serve the full property lifecycle, from leasing to capital planning. This specialization creates sticky client relationships and a defensible position in the proptech ecosystem.
General information
Firm type
other
Year founded
1971
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Solon
Corporate office
Solon, OH, United States
Sector focus
Frequently asked questions
Who owns MRI Software?
MRI Software is privately held, with majority ownership by TA Associates and Harvest Partners, which acquired a majority stake in 2018 (per public record, 2018). The company's management team also holds equity.
What types of real estate does MRI Software serve?
MRI Software serves multifamily residential, commercial, affordable housing, and student housing properties. Its platform is also used by public housing authorities and property managers for government-assisted housing programs.
Does MRI Software compete with Yardi Systems?
Yes, MRI Software is a direct competitor to Yardi Systems, another major property management software provider. Both offer end-to-end solutions for leasing, accounting, maintenance, and tenant management, with MRI focusing on a broader range of property types including affordable housing.
How does MRI Software deliver its software?
MRI Software offers both cloud-based (SaaS) and on-premise deployment options. Its cloud products are accessible via web browsers, while on-premise installations run on client servers. The company also provides mobile apps for maintenance and resident communication.
What is MRI Software's geographic footprint?
MRI Software has operations in North America, Europe, and Asia-Pacific. Its headquarters is in Solon, Ohio, with additional offices in the United Kingdom, Australia, and India. The company serves clients in over 140 countries.
How many units does MRI Software manage?
MRI Software's platform manages over 2 million residential units globally (per the firm's official communications, 2023). This includes multifamily apartments, single-family rentals, commercial properties, and affordable housing units.
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