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redIQ was established to bring standardization to the multifamily sales and acquisition process and enable firms to capitals on their vast troves of data.


Founded: 2011
Employees: 6
Quick Pitch:


In an increasingly competitive multifamily investment market, firms have realized that there is a real economic cost to the lack of standardization. redIQ is a cloud-based software that addresses this need for standardization by aggregating standardizing and analyzing operating data for multifamily transactions, allowing clients to better capitalize on vast troves of valuable data that they collect and make better investment decisions.


Founder and Chief Executive Officer

Elliot Vermes

Over 17 years experience in real estate and technology. Former member of the real estate teams at JPMorgan, Citi Property Investors and Sequoia Debt Ventures. Prior to that, was a consultant at Accenture, where he designed and implemented complex database structures for several leading firms. Received an MBA from Columbia Business School and a B.S. in Engineering from Washington University. Admitted to the Tau Beta Pi engineering honors society.

Chief Technology Officer

Joaquin Soto

Over 13 years of experience architecting, developing and managing high-performing and scalable applications. Built, mentored and managed technology teams of up to 40 people. Former Vice President of Software Development at Everyday Health. Obtained a Master's degree in Computer Science from the City University of New York, with concentrations in Artificial Intelligence and Database Systems.

SVP, Sales and Client Support

Michael Arabe

30 years of sales experience, including 20 years selling information and technology services to the commercial real estate industry. Former SVP of Sales & Customer Service at CoStar, where he increased revenue by $22 million over five quarters and improved customer retention from 85% to 92%. Michael also served as Senior Vice President at Peracon, Inc. where he was instrumental in the growth of the company's transaction management business.

VP, Product Development

Art Melikyan

Over 10 years of financial modeling experience as both a buyer and a broker. Former Senior Portfolio Analyst at Equity Residential (involved in the budgeting and performance analysis of over 100,000 multifamily units) and Senior Acquisition Analyst at The Laramar Group, a Chicago-based real estate private equity firm. Former analyst at The Apartment Group (now Cushman & Wakefield). Received an MBA in Finance and Marketing from Rollins College.


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