IRHM, Your Global Window into Real Estate and Hospitality

October 21, 2025

AI

Douglas Elliman will launch Elli AI, a new assistant app for its 6,600 agents, beginning in Florida this month before expanding nationwide.
MRI Software has acquired Melbourne-based Proptech Labs in a deal that will expand its property management technology across Australia and New Zealand. The integration will enhance MRI Property Tree and Palace with advanced automation, inspections, and key management capabilities.
Fermi, co-founded by former U.S. energy secretary Rick Perry, has raised $682.5 million in a U.S. IPO, reflecting strong demand for AI-driven data infrastructure. The Texas-based company, valued at $12.46 billion, is building a massive energy and data campus set to supply 11 GW of power by 2038.
Apaleo has become the first hospitality property management platform to launch a Model Context Protocol (MCP) Server, giving AI agents the ability to perform hotel operations across multiple systems without custom integrations.
OFA Group has partnered with Blockchain App Factory to develop a blockchain-based RWA platform that will tokenise real estate equity and mortgage assets. The company is also planning a $100 million cryptocurrency treasury while continuing to expand into AI and blockchain-led architectural solutions.
PredictAP has secured an additional $5 million in funding, rounding off a year of significant growth and expansion. The company now serves over 100 clients, processes more than 4 million invoices annually, and continues to enhance its AI-driven accounts payable automation technology for the real estate sector.

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