RealPage launches Lumina AI suite

RealPage has introduced the Lumina AI Suite, which uses AI and data to help real estate operators, owners and asset managers manage properties and portfolios.

Lumina is built on a data layer that connects property and portfolio information across RealPage’s products. The technology includes capabilities from Cherre, the real estate data platform RealPage acquired in July. It covers more than four billion records and $4 trillion in real estate assets, while RealPage’s platform serves more than 20 million units.

The suite includes four products. Lumina Workforce uses AI agents to perform tasks, Lumina Ascent finds operational problems and recommends actions, Lumina Atlas brings together data for real estate funds, and Lumina Connect sends data to customers’ cloud systems and allows outside AI models to access the platform. Its first connection is with OpenAI.

According to RealPage, its AI Leasing Agent is being used by more than 175 property management companies. Some customers have more than tripled tour bookings, while the agent can resolve about 90% of routine prospect inquiries. Its AI Operations Agent can reduce lease audits from several days to roughly 90 minutes per property.

The company is also introducing an AI Analytics Agent that answers questions about portfolio and property performance in plain language, along with an AI Spend Agent that monitors purchasing, checks transactions against procurement rules and flags off-policy spending.

Separately, the MGA arm of RealPage wrote approximately $4.5 million in home insurance premium for an AmTrust-affiliated carrier, according to Coverager’s analysis.