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With investment teams currently dispersed and working remotely due to COVID-19, CohnReznick has remained committed in identifying collaborative workflow tools to assist these teams throughout the pandemic. The Dealpath relationship and platform supports a critical need for centralized, governed foundational data. Systemizing that data within Dealpath will provide CohnReznick’s real estate clients with the ability to manage deals remotely in a sustainable, secure, and agile environment – both today and in the future.

CohnReznick has significant expertise in real estate data platforms and systems and evaluated Dealpath in accordance with its rigorous standards. The goal was to ensure that the software met strict security criteria and could deliver on the promise of offering cross-departmental and global collaboration for investment and asset management teams.

“Teaming with Dealpath brings added credibility and bench strength to our Work from Anywhere solutions,” said Naseem Wenzel, a partner in CohnReznick’s Real Estate Advisory practice. “We believe the tool will become a cornerstone for modern real estate firms in serving the urgent need to centralize data and effectively communicate and execute deals with teams working from disparate locations.”

“We’re thrilled to team with CohnReznick in supporting the deal-making community, particularly during this time,” said Mike Sroka, CEO and Co-Founder of Dealpath. “We share their mission to empower real estate investment and capital markets with data and collaboration through purpose-built software, so it’s validating to have a firm like CohnReznick to help us deliver on this promise.”

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Dealpath was carefully selected as a winner by the #RETAS elite panel of judges, including the leading VCs, angel investors and corporate investors and thought leaders in the commercial real estate tech industry.

Sponsored by JLL Technologies, the Real Estate Tech Awards (#RETAS) are the leading international award honoring excellence in commercial real estate tech. The awards recognize the most cutting-edge companies who have played an integral role in advancing tech in the industry throughout the year. Backed by the leading VCs, angel investors, corporate investors and thought leaders in the commercial real estate tech industry, the awards were open to
startups or technology companies servicing the industry.

Currently, hundreds of top investment management firms use Dealpath as their deal management platform such as Blackstone, Bridge Investment Group, Oxford Property Group, UBS Realty and Manulife. Every deal sourced, evaluated and executed by these firms is managed on Dealpath, with Dealpath being utilized as their system of record and their platform for generating investment analysis and investment decisions. Dealpath clients are benefiting from immediate returns and proven results including an average ROI of 475 percent, 20 percent more deals evaluated, 30 percent fewer errors in underwriting and due diligence, a 50 percent increase in weekly productivity and a 60 percent lift in employee satisfaction.

“We’re thrilled to be recognized as the leading investment solution for the commercial real estate industry as a part of CREtech’s Real Estate Tech Awards,” said Mike Sroka, Dealpath’s CEO and Co-Founder. “While 2020 has brought its challenges, it has also cemented our mission to offer collaborative, cloud-based tools that empower real estate professionals. I’m proud to know that Dealpath and our tremendous team have been acknowledged as leaders as we work to offer consumer-grade user experience while also defining the level of feature sophistication real estate investment professionals need to get their jobs done more efficiently and effectively.”

For more information about the Real Estate Tech Awards, click here.

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At Dealpath we believe that real estate is driven by people with information to shape our built world. Our continued focus is to create an easier, more effective experience for clients. Our tools reduce friction in deal evaluation and data entry, centralize information with system integrations and unify teams to unlock efficiency and value creation. We’re six years into methodically building out Dealpath’s capabilities alongside clients and partners.

This latest milestone in our progress marks the next step toward achieving our vision. Nasdaq’s rich history and market leading position speak for itself — they are experts in digitally transforming financial markets and their significant expertise will accelerate solutions for global real estate.

We’re excited to pursue product integrations with Nasdaq. Our complimentary solutions through the eVestment business in portfolio management will unlock value for clients. Together, we’ll build out data models and data services that empower real estate investment and capital markets in the age of intelligent software.

This latest strategic investment partnership comes on the heels of Dealpath’s recent announcement of a market-leading innovation, called Dealpath Connect, an automated deal ingestion and sell-side data integration between top investment sales brokers and institutional buy-side investors providing one centralized command center.

It’s an exciting time to be a part of Dealpath. Our products, vision and partners are resonating within the commercial real estate industry and beyond. This is all a testament to the hard work being done by our talented team whose diligent and collaborative teamwork reflect the experience we’re building for our customers.

Today’s announcement allows us to see, even more clearly, the inevitably bright future ahead. We’ll build more programmatic portfolio management and transaction execution for the world’s largest asset class, a critical part of our economy and way of life.

Learn more about our partnership with Nasdaq here, or visit our careers page to become a part of team Dealpath–we’ve got a lot of work ahead and would love for you to be a part of it!

The post Nasdaq Invests In Dealpath And Its Vision For Where The Global Real Estate Market Transacts appeared first on Dealpath.

Dealpath Connect will replace the need to constantly (and manually) review and process deal flyers, teasers, and OMs sent in from brokerage firms. The integration will enable Dealpath clients to directly receive the offerings in a digital format, in their Dealpath accounts – qualified listings can be moved into the deal pipeline for CA signing and due diligence, streamlining the engagement between the buy-side and sell-side.

As part of this initiative, Dealpath and JLL have built a first-of-its-kind data integration technology that will connect commercial real estate investment sale opportunities from JLL’s Investment Center with Dealpath’s deal management platform. Rockpoint Group will be the first beta partner involved with the launch.

Users of both Dealpath and JLL Investment Center will be able to, with a click, add deal opportunities that they wish to evaluate into their centralized Dealpath “command center.” Buyers can source off market and marketed opportunities and add them into their Dealpath pipeline tracker for more actionable and collaborative analysis.

This will save users dozens of hours per week and save the buy-side from potentially missing out on timely, relevant deals. This integrated partnership solution removes the friction in real estate investment sales including repetitive data entry and confidential file transfers for seamless deal management, while enabling the sell-side to maintain their relationship with the buy-side.

The integration is live with beta partners today. Get in touch to find out more about how to use Dealpath Connect with your team.

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The Propcast is hosted by Louisa Dickens, Co-Founder of LMRE, the leading Global PropTech recruiter and is brought to you in partnership with UK PropTech Association. The UK PropTech Association is a membership organization to drive the digital transformation of the property industry.

Quotes from the episode include the following:

“The past five or six months have been a catalyst for our industry’s digital transformation. Centralized data that is globally accessible has never been more important.” – Mike Sroka, Dealpath CEO

“Investing is a game of connecting the dots and whoever can connect the dots and tell the best picture and have an information advantage typically wins.” – John Fitzpatrick, Blackstone Managing Director

“Real estate is a local business and institutional capital is global. From the beginning, an assumption of ours is that this is global business and we have to build out a solution that works well for that dynamic asset class.” – Mike Sroka, Dealpath CEO

Hear the full episode of The Propcast and be sure to rate and review on Apple Podcasts!

The post Listen Now: The Propcast featuring Dealpath’s Mike Sroka appeared first on Dealpath.

Budgeting season often balloons into much more than just talking numbers on a spreadsheet. It reflects back to strategy, operational planning, and often ROI that you and your company are looking to measure.

So, we sought out an expert to help us think through the highs and lows of budget planning specifically for software solutions. Dipesh Shah is a former CIO (InvenTrust Properties Corp) and current consultant with his firm, New Roads Consulting. He detailed the biggest setbacks he sees with real estate firms looking to budget for and successfully implement new software solutions.

He broke down his recommendations into three main areas:

First, begin with your strategy. Budget decisions should stem from a broader business plan that the whole team can get behind.

Second, determine your plan for measuring success from the outset. Successful spending and implementation decisions have clearly identified outcomes.

Finally, accountability is key. Without a system for holding your team accountable, firms risk investing in tools that don’t ultimately get adopted by the team at scale.

Download the ‘Budgeting Season: How to Build Tech Into Your 2021 Plan’ to guide you through setting up for 2021!

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“As Dealpath continues to become the de facto platform for real estate deal management, it is more important than ever to ensure we are able to seamlessly integrate with the best in breed CREtech solutions out there,” said Kao on Thursday.

Dealpath’s deal management software is used today by industry leaders including Blackstone, Oxford Properties, Rockpoint Group, Bridge Investment Group and UBS. Clients use Dealpath to track deal progress, access centralized deal data from any device, and collaborate on workflows that reduce due diligence errors at key moments of real estate deal decision making.

“We have gotten to know Joe well over the past few years and have always been impressed with both his work and his depth of industry knowledge and experience,” added Kao. “We are thrilled to welcome Joe to the team and can’t wait to have him play a big role in building out Dealpath’s business developments and strategic solutions efforts.”

Moskowitz joins Dealpath after four and a half years with VTS as Head of Strategic Partnerships and Technical Solutions. There, he played a role in solidifying the leasing platform’s position as a leader at the intersection of real estate and technology. Prior to VTS, Moskowitz focused on business technology at J.P. Morgan Asset Management’s Global Real Assets group.

“It’s enlivening to become a member of the team to assist in the continued growth story at a time when streamlined workflow and collaboration are at the forefront of investment teams,” said Moskowitz. “Dealpath is in a unique position to double down on the value it has created for transaction teams and I look forward to scaling that across the real estate investment and proptech landscape.”

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