RealPage, a provider of AI-enabled software for the real estate industry, has announced the integration of generative AI (GenAI) into its major platform solutions. The company unveiled these new capabilities, powered by its Lumina™ AI Platform, at RealWorld 2024, its flagship conference attended by nearly 1,500 professionals from the multifamily housing sector.
The introduction of GenAI comes at a time when the rental housing industry faces multiple challenges, including rising expenses, high staff turnover, record levels of new apartment supply, and increased competition for renters. RealPage's Lumina AI engine aims to address these issues by leveraging data to enhance product engagement, automation, and insights across the company's property technology portfolio.
Dana Jones, RealPage CEO and President, expressed confidence in the new technology; "RealPage's momentum with Lumina has been incredible, and I'm confident that incorporating Gen AI across our major platforms will drive significant value for our customers. We've unlocked the disruptive power of GenAI that will ultimately help remove costs and complexity for property management teams so they can better serve their residents."
