In particular, the CRE Tech Influencers list considers that ten years ago, commercial real estate lagged in advanced tech adoption. Now, real estate is a sector robust with industry-specific venture capital and an array of digital offerings. GlobeSt. looked at how the market got here, with the belief that commercial real estate took longer to embrace technology because the technology itself is harder to customize for the complexities of the industry. The onset of the COVID-19 pandemic also rapidly propelled new, necessary
innovations across the field, recognizing firms that proved imperative to the industry, especially considering the shift to mandatory remote work.

“We are honored to be recognized by GlobeSt. for our industry-leading, purpose-built solution for the way real estate investment and development professionals work and transact,” said Mike Sroka, CEO and Co-Founder, Dealpath. “Covid-19 and the resulting slowdown created sudden challenges that digitized deal management helped to address, but we believe more broadly that real estate is driven by people with information to shape our built world—and we are confident that an industry that transacts on Dealpath is the long-term future of real estate.”

The GlobeSt. award follows Dealpath’s recent Real Estate Tech Award at the 2nd Annual Commercial Observer Innovation Forum & Awards, as well as a remarkable year of growth in 2020. Dealpath secured major investments, including from Blackstone, the leading global real estate investment firm, and Nasdaq Ventures, which made its first-ever real estate investment with Dealpath, joining JLL, 8VC, GreenSoil Investments, Goldcrest Capital, LeFrak, Milstein and Bechtel as backers.

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The Real Estate Tech Award goes to a single firm that has demonstrated innovative solutions through the development of new technologies addressing real estate demands as it relates to how property is managed, occupied or transacted. Dealpath, with its ability to give real estate players a strategic digital and collaborative advantage in a dynamic market, stood out as the most impactful technology in a quickly digitizing real estate investment market. Today, Dealpath is the industry’s leading cloud-based deal management platform and is expanding rapidly. Investment and development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows to achieve optimal risk-adjusted returns.

“We are honored to be recognized by the Commercial Observer for our industry-leading, purpose-built solution for the way real estate investment and development professionals work and transact,” said Mike Sroka, CEO and Co-Founder, Dealpath. “Covid-19 and the resulting slowdown accelerated digitization of the built world, and we are creating unprecedented efficiencies for the long term.”

The Commercial Observer awards cap off a remarkable year of growth for Dealpath, including major investments from new backers. Blackstone, the leading global real estate investment firm, and Nasdaq Ventures, which made its first-ever real estate investment with Dealpath, joined JLL, 8VC, GreenSoil Investments, Goldcrest Capital, LeFrak, Milstein and Bechtel as Dealpath investors.

2020 also saw the launch of Dealpath Connect, the company’s latest innovative step, which replaces the need for the manual review and processing of deal flyers, teasers and OMs from brokerage firms. The integration enables Dealpath clients to receive offerings directly in a digital format through their Dealpath accounts, streamlining the engagement between the buy-side and sell-side.

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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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“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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SAN FRANCISCO, CA and NEW YORK, NY – June 15, 2020 — Dealpath, the leading software solution for real estate investment and portfolio management, announced today that Manulife Investment Management has chosen Dealpath as its real estate deal management solution. Dealpath will provide its industry-leading software solution to manage the investment pipeline and streamline the acquisition and disposition process.

Manulife Investment Management’s Real Estate team will leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows empowering smart acquisition decisions, driving operational leverage and mitigating enterprise risk.

“Manulife Investment Management’s tech-forward and pragmatic approach to real estate is a perfect fit for leveraging the Dealpath platform and we’re thrilled to partner with them to deliver on their business objectives,” said Dealpath CEO Mike Sroka.

“Dealpath’s purpose-built platform and industry focus delivers a clear fit for the needs of our business,” said Pritesh Patel, Head of U.S. Real Estate Investments, for Manulife Investment Management.

“Leveraging the Dealpath platform, we now have a single source to manage all aspects of our investment process which provides us with the opportunity to evaluate and manage even more deals as we grow our portfolio,” said Gregory Sweeney, Head of Canadian Real Estate Investments, for Manulife Investment Management.

Manulife Investment Management joins an impressive growing roster of Dealpath clients based in Canada, including First Capital Realty, Dalfen, and Tricon, as well as globally with Blackstone, Bridge Investment Group and many more.

“In a rapidly evolving real estate industry, Dealpath offers the data-driven approach and collaborative platform that investment managers need now more than ever,” said Eric Wittman, chief growth officer, JLL Technologies. “JLL and numerous clients are already using Dealpath to improve the efficiency of evaluating, managing and completing transactions. We are pleased to see Manulife take the same step by selecting Dealpath to streamline its portfolio management.”

“We continue to be impressed by the value being achieved with Dealpath,” said Anvesh Rai at GreenSoil Investments, which is a strategic investor in Dealpath. “It feels like every day we’re talking about another big positive outcome with some of the largest and most sophisticated real estate firms in the world. Manulife is an iconic brand and highly respected organization. This is a great fit with Dealpath.”

About Dealpath

Dealpath is the real estate industry’s leading cloud-based deal management platform. Investment and development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics, and collaborative workflows. Founded in 2014, Dealpath has supported over $5 trillion in transactions with leading institutions across the world.

About Manulife Investment Management’s Real Estate Platform

Manulife Investment Management’s comprehensive private markets platform includes Real Estate, Private Equity and Credit, Infrastructure, Timber and Agriculture. Through its Real Estate group, Manulife Investment Management develops and manages commercial real estate for thousands of customers around the globe. Its portfolio includes millions of square feet of office, industrial, retail and multifamily space strategically located in major metropolitan markets. The Real Estate group leverages its vertically integrated platform to serve its customers as well as manage the space requirements and corporate-use facilities for Manulife’s global operations.

As at  March 31, 2020, the Real Estate portfolio totaled over 62 million square feet. Additional information can be found at www.manuliferealestate.com.

About Manulife Investment Management

Manulife Investment Management is the global wealth and asset management segment of Manulife Financial Corporation. We draw on more than 150 years of financial stewardship to partner with clients across our institutional, retail, and retirement businesses globally. Our specialist approach to money management includes the highly differentiated strategies of our fixed-income, specialized equity, multi-asset solutions, and private markets teams—along with access to specialized, unaffiliated asset managers from around the world through our multimanager model. Our personalized, data-driven approach to retirement is focused on delivering financial wellness in retirement plans of all sizes to help plan participants and members retire with dignity. 

Headquartered in Toronto, we operate as Manulife Investment Management throughout the world, with the exception of the United States, where the retail and retirement businesses operate as John Hancock Investment Management and John Hancock, respectively; and in Asia and Canada, where the retirement business operates as Manulife. Manulife Investment Management had CAD$879 billion (US$677 billion) in assets under management and administration.* Not all offerings are available in all jurisdictions. For additional information, please visit our website at manulifeinvestmentmgt.com. 

* MFC financials. Global Wealth and Asset Management AUMA as of December 31, 2019, was CAD$879 billion and includes CAD$198 billion of assets managed on behalf of other segments and CAD$145 billion of assets under administration. 

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SAN FRANCISCO, CA and NEW YORK, NY — May 26, 2020 — Dealpath, the leading software solution for real estate investment and portfolio management, today announced a new business partnership with ThoughtFocus, a premier technology and services provider. In this partnership, Dealpath will integrate the Deal Ingestion (DI) services of ThoughtFocus within the Dealpath platform for mutual customers, empowering the fast, accurate entry of valuable data for actionable insights that drive investment and portfolio decisions.

Real estate investment firms face a major challenge handling the sheer volume of data now available, and heavy friction transferring it into required formats. Hundreds and thousands of investment flyers, offering memorandums, and email must be curated and abstracted in order to evaluate investment opportunities. These manual, repetitive tasks are time consuming and error prone, not to mention often procrastinated on. It’s a problem well suited for ThoughtFocus’ that has specialists in deal ingestion who use automation tools for fast and accurate deal ingestion.

Deal Ingestion (DI) from ThoughtFocus eliminates data entry headache for the deal team, allowing them to focus on deal analytics on up to date data in a timely manner without errors. ThoughtFocus DI process augments internal workloads in a scalable, cost effective solution with the high quality and precision required by institutional investors.

“Our clients need to visualize the performance of their owned portfolio overlaid with relevant deals they are seeing in the market and the comps of every asset and deal they’ve ever looked at or worked on – this is investment-decision glory,” said Mike Sroka, CEO of Dealpath. “Real estate markets have always been about people with information, and we have an ever increasing access to data. To glean actionable insights from that data it must be structured and formatted in logical ways, easy to retrieve and visualize, and accessible from wherever we may be working. This partnership between Dealpath and ThoughtFocus is a force multiplier for data-driven investing.”

Dealpath’s award-winning and leading real estate industry deal management solution is the command center for smart pipeline tracking, powerful deal analytics and collaborative workflows to drive optimal risk-adjusted returns. Whether it is a bank of comps you’ve been collecting for years, or quick turnaround on live deals, the Dealpath-ThoughtFocus partnership will keep your team focused on value-add work while giving you insight into a unique comp database that will give you a competitive advantage:

•     The solution: Freeing valuable employees from data entry, ThoughtFocus DI makes deal ingestion highly efficient, with CRE-trained human review, to enter deals directly into Dealpath for you with a verification process to ensure deals entered are accurate and error free.
•     The results: Every OM/Flyer received goes into Dealpath within same day with 99.9% accuracy on deal entry, reducing comparable costs of the work internally by as much as 40%.

“The ThoughtFocus DI services have been designed from the ground up in partnership with institutional clients to solve for growth, complexity, and efficiency,” said Rajiv Goyal, Executive Vice President at ThoughtFocus. “It’s become clear that having fast, accurate data extraction and transformation at scale is a core part of the investment management business. We’re excited and see a natural fit partnering with Dealpath to enable our shared clients to exceed their business goals.”

About Dealpath

Dealpath is the real estate industry’s leading cloud-based deal management platform. Investment and development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics, and collaborative workflows. Founded in 2014, Dealpath has supported over $5 trillion in transactions with leading institutions across the world.

About ThoughtFocus

ThoughtFocus is a global technology and services company focused on financial services. ThoughtFocus leads the transformation journey with expertise in enabling technologies and deep business process insights. ThoughtFocus has offices across the US, India and Philippines. With an integrated approach that combines subject matter expertise and program management with innovation, it delivers successful outcomes again and again. 

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We are thrilled to share that Elizabeth Eberle, a career marketer with more than 20 years of progressive marketing experience, has joined Dealpath’s leadership team as VP of Marketing!

Most recently, Elizabeth served as Interim Senior Director of Demand Generation at VTS, the leading Leasing and Asset Management Platform for Commercial Real Estate with over 12 billion square feet managed and supporting over 45,000 users. Previously, she was VP of Marketing at Ecolab and worked at General Mills and IDEO in San Francisco.

“As our growth has continued to accelerate into a wave of adoption, we’ve prioritized the expansion of our leadership team, bringing on Elizabeth Eberle as VP of Marketing,” said Michael Sroka, CEO and Co-Founder at Dealpath. “Elizabeth brings significant experience on both the agency and client side from consumer packaged goods to B2B enterprise SaaS for real estate owners. Her highly relevant industry experience and passion for both building brands and high-performing teams is a perfect match for Dealpath.”

Q1 2020 continued record setting growth including 170% increase in deal value supported on the platform surpassing $5 trillion of equity and debt transactions.

“Dealpath clients are realizing significant ROI leveraging the platform as Mike and the team build an industry-defining company,” said Elizabeth Eberle. “I couldn’t be more proud to join Dealpath to contribute to its strong vision and culture and grow the company exponentially.”

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