This partnership will enable both companies to build new sources of data-driven differentiation.
New York, August 27, 2024 – Cherre, a leading real estate data management and intelligence platform, today announced a strategic partnership with TA Realty LLC, a provider of real estate investment management services, to unlock future data capabilities for differentiation.
Through this new partnership, TA Realty will work with Cherre to reach data maturity faster, while building a flexible, scalable data architecture to serve as a solid foundation for future growth. By partnering with TA Realty, Cherre will have access to decades of industry knowledge that may be leveraged for accelerating platform innovations that support the growth investment manager use-case.
TA Realty’s investment approach aligns their team’s collective decades of industry experience with technology to drive differentiation and maintain their entrepreneurial and collaborative approach. As a firm focused on diversification by property type, geography, industry exposure and tenancy, TA Realty knows the importance of data management in delivering trusted insights that help with identifying opportunities and executing an investment strategy focused on adding value.
“We believe data and technology will continue to be critical drivers of innovation across the real estate industry,” said Michael Haggerty, Managing Partner. “Partnering with Cherre will help enable us to reach data maturity faster while surfacing new data-driven insights that will augment our team’s investment and management decision making.”
Trustworthy data is critical in strategic decision making and AI initiatives and requires data management solutions that specifically support the real estate industry. Cherre’s data management and intelligence platform is purpose-built for global real estate organizations, providing the necessary tools to observe and validate data as it is moved, transformed, and delivered. Partnering with TA Realty will help the Cherre further expand features and functionality that support future differentiation for investment management organizations.
“As a leading real estate data management company, it’s imperative that we innovate to support what the industry will need today, tomorrow, and into the future. Our partnership with TA Realty will give Cherre direct access to years of entrepreneurial investment experience that we can leverage to develop the features and functionality needed to innovate for the future of the industry.” said L.D. Salmanson, CEO and Co-founder of Cherre.
For more information, please visit cherre.com.
About Cherre
Cherre is the real estate industry’s leading data management and intelligence platform. Cherre gives clients direct control over moving and managing their data, while providing the visibility, observability, and validation tools needed to improve data quality, support governance strategies, and establish data lineage for the changing regulatory environment. With Cherre, clients can automate workflows, optimize processes, maximize efficiencies, reduce risks, and identify opportunities to increase profitability by making smarter decisions with confidence. Cherre partners with the largest data providers, applications, and solution and service providers in the industry, creating a full ecosystem that supports clients across all their data needs. Cherre launched in 2016 and is located in New York City.
About TA Realty
Founded in 1982, TA Realty is an experienced and established real estate investment management firm. The Firm is headquartered in Boston, Massachusetts, with additional offices in Newport Beach, California, Dallas, Texas and San Francisco, California. Since its inception, through March 31, 2024, TA Realty has acquired, invested and/or managed approximately $42 billion of real estate assets through core, core plus and value-add strategies and customized separate/advisory accounts. TA Realty’s investment philosophy focuses on creating diversified real estate portfolios that aim to generate strong cash flow, receive intensive asset management, and seek to achieve long-term value creation. For four decades, TA Realty has maintained this philosophy through multiple real estate and economic cycles, a strength recognized by pension funds, endowments, foundations, and high-net-worth individuals. For more information, please visit www.tarealty.com.
Recently awarded the prestigious Founder of the Year RETA, L.D. Salmanson, CEO and co-founder of Cherre, is someone who seems known to just about everyone in our industry.
The round, led by HighSage Ventures, includes investment from global real estate leaders Nuveen Real Estate, RXR, and TA Realty
This partnership will enable both companies to further drive consistency of experience for key stakeholders across the data collection value stream.
