Entrata
AI-powered property management operating system targeting $500M IPO in April 2026, serving 12+ million residents with autonomous workflow capabilities.
Overview
Entrata operates as the second-largest property management software provider with 11.96% market share, trailing only AppFolio's 13.05%. The Lehi, Utah-based company serves 12+ million residents across 35,000+ communities, processing over $20 billion in annual rent payments through its unified platform approach.
Following a 2021 $507 million Series A led by Silver Lake, Entrata secured a $200 million minority investment from Blackstone in July 2025 at a $4.3 billion valuation. CEO Adam Edmunds stated the investment "represents a powerful alignment of capital and expertise that will allow us to bring world-class technology to an expanded footprint of owners, operators, and residents."
The company is planning a $500 million IPO for April 2026 with Goldman Sachs and JPMorgan as lead managers, positioning for public market transition while the global property management software market grows 6.4% CAGR toward $5.89 billion by 2033.
Key Features and Benefits
• ELI+ (Entrata Layered Intelligence): AI-powered automation across marketing, leasing, operations, and accounting workflows targeting autonomous property management • Single-Login Platform: Integrates 20+ technology solutions with open API architecture for third-party connections • Multi-Tenant Architecture: Processes $20+ billion in rent payments annually with unlimited cloud storage • AI Invoice Processing: Automated PDF data extraction with approval workflow integration • Bill Pay Automation: Simultaneous processing of hundreds of invoices with fraud prevention • Unified Data Layer: Contextualized AI interactions across chat, voice, email, and text channels
Use Cases
Multifamily Housing
Comprehensive lease processing, automated rent collection, maintenance workflows, and financial reporting for apartment communities.
Student Housing
Specialized roommate matching, move-in automation, and academic calendar-based lease management for university properties.
Commercial Real Estate
Triple Net (NNN) lease management, multi-tenant invoice processing, and commercial-specific financial reporting capabilities.
Manufactured Housing
Purpose-built lease management and community oversight tools for manufactured housing communities.
Technical Specifications
| Feature | Specification |
|---|---|
| Architecture | Multi-tenant cloud-based SaaS |
| Data Processing | $20+ billion annual rent payments |
| Storage | Unlimited cloud storage |
| Integration | Open API + 20+ native solutions |
| AI Platform | ELI+ (Entrata Layered Intelligence) |
| Communication | Chat, voice, email, text channels |
| Security | Financial-grade encryption |
| Deployment | Cloud-native with real-time access |
Resources
- Entrata Official Website
- Property Management Solutions
- Accounting & Financial Tools
- Platform Documentation
- Business Wire: AI Platform Expansion
Contact Information
Headquarters: Lehi, Utah
Revenue: $503 million (2025)
Employees: 2,100+
Market Reach: 35,000+ communities, 12+ million residents
