July 11, 2019
Chicago-based rSquared CRE, an SaaS-based provider founded by former Realogic Analytics CEO Sal Caldarone, has opened its doors. The new entity will focus specifically on developing cloud software solutions that fill 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” to generate discounted cash flow valuation (DCF) presentations, said Caldarone.
“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,” he added.
Caldarone’s co-founders in the rSquared venture are two Realogic alumni, Sean Fitzpatrick and John Brosnan. Caldarone has transitioned to CEO to spearhead business, while Fitzpatrick and Brosnan will focus on product development.
The company’s products are already in use by clients that include Hines, EQ Office, Regency Centers and First Capital Realty.
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