CHICAGO–(BUSINESS WIRE)–rSquared CRE, the SaaS-based provider for the commercial real estate (CRE) industry, emerged and has announced its official launch this month. A spin-off of Realogic Analytics, rSquared was formed by Realogic Analytics’s founding alum Sal Caldarone, along with long-time members of the Realogic team, Sean Fitzpatrick and John Brosnan. The new entity will focus specifically on developing cloud software solutions that fill the unmet demands within the CRE space.
“rSquared’s flagship product rDCF is an alternative to the legacy technology that commercial real estate professionals have historically had to rely on,” said Sal Caldarone, CEO of rSquared. “Our rDCF is a comprehensive yet intuitive valuation and underwriting solution that enables CRE professionals to generate accurate DCF models/scenarios quickly, without complexity or distraction. By incorporating transparency that removes the ‘black box’ from complex calculations, rSquared equips CRE professionals with the resources they need to make more informed decisions.”
rSquared offers a full suite of tools, led by its flagship product, rDCF. With real-time valuation and underwriting features, intuitive scenario and risk analysis, native Excel® based reporting, flexible modeling techniques and advanced data import and export capabilities, rDCF can help CRE professionals spend materially less time creating discounted cash flow valuation (DCF) presentations.
As founder and former CEO of Realogic Analytics, Caldarone has transitioned to CEO of rSquared to spearhead business, while Fitzpatrick and Brosnan will focus on product development. Caldarone has more than 25 years of real estate experience, previously holding leadership positions at Orix Real Estate Equities and VMS Realty Partners. Working alongside Caldarone at rSquared are 20 employees in various technology and business roles.
rSquared products are already being leveraged by leading names in the CRE industry, including Hines, Equity Office Properties, Regency Centers and First Capital Realty.
rSquared is headquartered in Chicago and has a second office in Torrance, CA, which primarily consists of the software development team.
About rSquared CRE
rSquared CRE creates must-have SaaS products for the way commercial real estate works today – in short, essential CRE. We deliver crucial functionality to CRE professionals, helping them generate accurate results quickly, without complexity or distraction. We have embedded sophisticated knowledge into our tools, informed by decades of industry experience. rSquared captures the essence of making CRE work better by building essential tools to get the job done. To learn more about rSquared, visit www.rsquaredcre.com.