This partnership enables mutual clients to seamlessly access permit and pre-construction data joined with internal financial and operational data to make better-informed decisions on their active portfolio and potential investments.

New York, February 14, 2025 – Cherre, the leading real estate data management and intelligence platform, today announced a new partnership with Shovels, a building permit intelligence platform that transforms construction data into actionable market insights. The integration will enable real estate investors to analyze construction permits alongside their portfolio data, creating a comprehensive view of market dynamics and competitive forces.

Through this partnership, mutual clients gain comprehensive market intelligence capabilities. Teams can monitor competitive supply by automatically tracking new construction permits near existing assets, while accelerating site selection processes by overlaying permit activity with internal investment criteria. The integration enables investors to identify market opportunities through detailed analysis of renovation trends and contractor activity, and track construction patterns across public REITs through Shovels’ ticker symbol mapping system.

“Partnering with Cherre marks a significant milestone in our mission to democratize construction data,” said Ryan Buckley, CEO of Shovels. “By combining our permit insights with clients’ portfolio data in the Cherre Platform, investors can now instantly assess how local construction activity impacts their assets and identify emerging opportunities before they’re obvious to the market.”

Shovels processes and standardizes permit data from thousands of jurisdictions nationwide, providing visibility into construction timelines, renovation activity, and market expansion patterns. When integrated with Cherre’s platform, this intelligence enables clients to move beyond basic permit tracking to sophisticated market analysis.

“As transaction activity picks up in 2025, operators and investors have added pressure to understand supply and demand trends, across both geographic markets and property types,” said Kevin Shtofman, Global Head of Innovation at Cherre. “Accessing Shovels’ insights alongside internal property performance data can help executives make smarter decisions with confidence and speed.”

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 Shovels

Shovels is a leading building permit data and intelligence platform for real estate investors and portfolio managers. Shovels provides access to 160M+ building permits and 3M+ contractor records nationwide, enabling historical analysis and real-time tracking of construction activity and market trends. As the first platform to make permit data programmatically accessible via their API, Shovels helps investment firms optimize portfolios and uncover opportunities through in-depth construction insights. Shovels launched in 2023 and is remote-first across the US and Europe.

Cherre Media Contact: Jessica Timmerman, SVP Head of Marketing, [email protected] 

Shovels Media Contact: Ryan Buckley, CEO, [email protected]

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