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MRI Has Acquired ResidentCheck

About ResidentCheck

  • ResidentCheck is a national provider of resident screening and pre-employment screening
  • The company provides multifamily clients visibility into the direct correlation between front-end screening and bad debt recovery, to provide a total risk management solution
  • ResidentCheck was founded in 1994 and is headquartered in Dallas

About MRI Software

  • MRI Software is a leader in business management software solutions to the property management and investment industries as well as to corporate real estate managers
  • As a leading provider of real estate enterprise software applications and hosted solutions, MRI serves the multifamily, commercial and investment advisor industries, helping them improve their bottom line and maximize their returns on their diverse business portfolios
  • MRI Software was founded in 1971 and is headquartered in Cleveland
  • MRI Software is a portfolio company of GI Partners, a leading private investment firm based in San Francisco, investing in a number of sectors including the Technology, Media & Telecommunications, Healthcare, Retail & Leisure and Financial & Real Estate Services

Transaction Notes

  • MRI Software’s acquisition of ResidentCheck was announced on February 6, 2017; financial terms were not disclosed
  • As part of an ongoing mandate to source, evaluate and execute buy-side M&A opportunities in real estate software, Shea & Company acted as the exclusive advisor to MRI and their owner GI Partners on the transaction
Read The Press Release