12 PropTech Acquisitions, 2024 to 2026: Who Bought CRE’s Record

A list of twelve proptech acquisitions has been going around as the year wraps up, billed as the deals that will shape the industry. It is a decent list. But several of the numbers floating around with it are rounded, early or attached to the wrong year, so PSV went back to each buyer’s own press release or SEC filing. If you are deciding what to do about one of your vendors, you want the version that holds up.

Here it is. Deals are sorted by when they closed, which is why Matterport, signed in April 2024, lands in 2025. Prices are what the buyer filed or announced. “Not disclosed” means PSV found no public number from either side. Descriptions of what each company does are the companies’ own.

Look past the headlines and these twelve deals buy four kinds of thing. First, pictures of the building: Matterport’s 3D scans, DroneDeploy’s jobsite captures and Virtual Staging AI’s furnished listing photos. Second, the day-to-day operating records: Visual Lease’s lease abstracts and accounting schedules, MaintainX’s work orders, Anacle’s facilities records and Symbiosy’s building-systems connections. Third, the plumbing that ties those records together, which is what RealPage got with Cherre. Fourth, AI that does the work instead of just describing it: Rexera’s agents chase HOA documents and payoff letters, Datagrid’s agents search construction data, and ListAssist and AiChat handle search and the first conversation with a buyer.

Who bought matters more than what. CoStar, RealPage, Procore and Autodesk made seven of the twelve deals and paid all but about $1 million of the disclosed dollars. Each one already owned the main system for one stage of a building’s life (market data, the rent roll, the construction project, the design file) and spent these three years buying the stage next door. Procore shows the pattern in one year: in January it bought a company that builds AI agents, and in September it bought the jobsite imagery those agents can work from.

The press releases lead with AI, but most of what changed hands is years of dated, structured records about specific properties. That is what any useful AI tool runs on, and it is hard to rebuild from scratch. RealPage said nearly this when it bought Cherre: the bottleneck for AI in real estate is clean, connected data, not the model. That is the company’s argument, not a PSV finding, but the prices paid are consistent with it.

If you repeat this list, fix these first. Visual Lease cost CoStar $276.0 million in total consideration, according to its 10-K; the $272.5 million figure in trade coverage came from the earnings call. reAlpha bought 85 percent of AiChat, not all of it, and paid in its own stock over several tranches. Autodesk’s MaintainX number is about $3.53 billion, preliminary and net of cash acquired, from its quarterly filing; the round $3.6 billion is not what Autodesk filed. And Procore never announced the Datagrid price. The $168.0 million first showed up in its 10-Q, which also gives the January 16, 2026 closing date.

Be careful with the total, too. The six disclosed prices add up to about $6.4 billion, but they are not like-for-like: one is an announced deal value (Matterport), two are filed purchase consideration (Visual Lease, Datagrid), one is net of cash (MaintainX), one is a cash price still subject to adjustment (DroneDeploy) and one is a stock-paid stake (AiChat). Treat $6.4 billion as a rough scale, not a market size. The other six deals, including both RealPage purchases, have no public price, so the true figure is higher by an amount no one outside those deals can tell you.

If you use any of these products, the practical change is simple: the company holding your data may not be the company you signed with. The lease abstracts your team cleaned up, the work order history your engineers logged and the scans you paid for at turnover now sit inside larger platforms that sell you other things. That shifts three things you care about: what you pay at renewal, what the vendor is allowed to do with your data, and how hard it is to leave.

The speed is the other reason to pay attention. Four of these companies changed hands in 2026 alone, and the four big buyers are still shopping. If you last read your vendor contracts when you signed them, they may describe a counterparty that no longer exists. PSV covered three of these deals in separate briefs when they closed: Procore and DroneDeploy, Autodesk and MaintainX, and RealPage and Cherre. Taken together, the twelve suggest the next deal in your stack is a matter of when, not if.