How can you sift through the noise to tap into market intelligence when you need it? What actions can you take to tear down data silos? How are analytics setting a new standard for data-driven precision? What does emerging innovation mean for the future of decision making? 

Earlier this year, we hosted a panel of thought leaders from LaSalle Investment Management, Altus Group, LionPoint and Dealpath to answer these questions in a discussion about the future of data, decision making and performance in CRE.

To learn the most powerful insights from the webinar, read the recap, watch the summary video or watch the full session on demand.

Watch the Webinar Recap Summary

If you’re eager to see the most important highlights from the webinar, watch the recap via the video below.

Elevating Data-Driven Decisions: The Most Important Insights From the Webinar

Below, we recap some of the most important takeaways that were unveiled during the webinar.

1. Doubling Down on Technology Strategies to Achieve Global Economies of Scale

For LaSalle Investment Management, uncertain market conditions offered the ideal opportunity to reset their technology strategy. 

As an industry leader with a global footprint, the firm’s investment strategy is diversified across multiple platforms. Consequently, regional data silos created operational friction. A lull in activity represented the ideal opportunity for LaSalle Investment Management to prioritize technology optimization.

Dubbed “1 LaSalle” and supported by the CEO, this digital transformation project sought to break down these data silos in the pursuit of efficiency. According to Sach Diwan, Global Head of Digital Products, this space offered the firm the time required to centralize its data in a global platform, creating economies of scale. Once market conditions improve, LaSalle–and other firms that seize this opportunity–will be well-positioned to more effectively identify and execute on new opportunities.

See how LaSalle broke down silos and centralized data with a new technology strategy.

2. Delivering Trustworthy AI-Powered Insights With Robust Data Hygiene

Even AI-powered insights are only as strong as the data underlying them. If you lack confidence in your data, can you really scale your investment strategy based on questionable insights?

One trend that panelists observed is a shift away from a “data at all costs” mentality, instead favoring standardized, structured and vetted data. Now that firms are prepared to accomplish more with this data, the need for data governance is stronger than ever–and can prevent the much-feared “AI hallucinations” that could, left unchecked, plague an otherwise sound investment decision. 

Consistency, hygiene and methodology are key to instilling confidence and trust across your organization when it comes to acting on AI-powered insights.

See how to drive your investment strategy with trustworthy, AI-powered insights. 

3. Attracting the Next Generation of World-Class Talent With Modern Tech

At the height of market activity in 2021, many firms struggled to attract and retain talent as they seized unprecedented opportunities to deploy capital. Now, even despite the present stage in the market cycle, competition for top talent remains fierce. While this problem is not unique to real estate, there are ways that firms can adapt to win the talent war.

Real estate’s historically slow adoption of technology means that many job seekers are hunting for tech-forward firms with robust data strategies. Automation reduces time spent on simple, tedious and manual tasks, creating more time to prioritize high-impact work and backtesting. Employees can better leverage proprietary information to inform decision making with data analytics, offering new opportunities to unleash and strengthen their analytical skills. 

From attracting leading talent, to new opportunities for career development and improving employee satisfaction, market-leading technology is key to building and maintaining a high-performing team.

See how firms can win the talent war by pacing ahead of industry innovations.

4. Achieving a True Return on Data Investment

Unfortunately, many firms without a centralized database over-index on collecting data and under-index on analyzing it for decision making. Siloed data is a costly problem that can create process bottlenecks and obscure insights. Similarly, a deluge of data can prove equally as challenging as a shortage–and lacking proper hygiene, can quickly become overwhelming.

During the webinar, Greg Pennington, Manager, Customer Success, quantified the impact of poor data management. For many firms, this lack of clarity and operational inefficiency can lead to both lost transactions and missed critical dates or lost deposits. 

Structured, formatted data based on industry best practices puts the most relevant and impactful data at your fingertips for ongoing analysis. Building a proprietary database of market comparables–based on standards aligned to your unique strategy–ensures that gleaning insights is efficient and scalable. The more users can dig into data points to understand the data’s context and origin, the stronger their conviction will be.

Centralizing data in a global database creates the guardrails your firm needs to avoid these costly errors. By ensuring that every decision is grounded in contextually rich data and you have oversight into every upcoming milestone, you can maximize your return on data investment.

See how your firm can maximize its return on data investment with a structured database.

5. Unlocking Data-Driven Precision With AI-Powered Scale

While AI might never replace a human decision maker, it’s already playing a pivotal role in aiding decision making. In the old real estate game, the proprietary market intelligence a firm could gather was limited by the bandwidth deal teams had to collect it. The advent of AI-powered data extraction tools like Dealpath’s AI Extract eliminated that barrier.

Greg Pennington discussed the transformative power of AI when it comes to amassing market intelligence. Because tools like AI Extract now enable firms to extract data from a flyer or OM within minutes, rather than hours, firms can tap into unlimited comparables while eliminating manual work. Armed with volumes of proprietary intelligence, professionals at all levels can more nimbly slice and dice data to draw powerful insights.

See how AI is setting a new standard for aggregating data intelligence.

6. Pairing a Proprietary Deals Database With Modern Risk Management Tools

The more market intelligence you have to contextualize your decision making, the better positioned you are to outperform competitors. But, that intelligence can only go so far when, in reality, market conditions can turn on a dime.

Comparing underwriting models to understand how a given deal might perform across financial scenarios is a powerful risk mitigation tool. By viewing deal performance across baseline, bull, bear, and extreme scenarios, you can validate that the deal will pencil and avoid costly missteps–even in the most challenging market conditions. 

Layering this risk mitigation strategy together with your proprietary database of market intelligence offers all the context required to confidently make precise decisions.

See how firms are managing risk with granular visibility into performance across multiple scenarios.

7. Enforcing Data Governance as Transaction Activity Accelerates

A slowdown in activity often means that firms have the time and bandwidth to prioritize integrity. But, as transaction activity picks up, continued diligence when it comes to data integrity will yield dividends.

Ray Wong, Vice President, Data Solutions Delivery at Altus Group, underscored the importance of leveraging lessons learned–which can only be accurately captured with strong data governance. A sustained focus on data quality will prevent costly mistakes stemming from dated, miskeyed or otherwise inaccurate information. For some firms, data quality scorecards may be key for ensuring ongoing accountability.

See how strong data governance supports a nimble, scalable investment strategy.

Elevate Decision Making & Maximize Return On Data Investment In 2024

To learn even more about how you can fuel daily decisions and business strategy with centralized data, watch the webinar on-demand now. 

The post Webinar Recap: 7 Key Takeaways on Data Strategy Opportunities appeared first on Dealpath.

Dealpath Outlook Add-In empowers you to easily leverage up-to-date data while working deals and reduces friction in your existing workflow, helping you manage your deal pipeline with ease. Now, you are freed up to focus on the work that’s most impactful and important to your firm. 

Read on to learn more about how Dealpath’s Outlook Add-In puts accurate deal data at your fingertips.

What Can You Do With the Dealpath Outlook Add-In?

Dealpath’s Outlook Add-In seamlessly pushes deal data from your Microsoft Outlook inbox into Dealpath in just a few clicks, allowing you to easily add new deals to the pipeline. You can also update existing tasks by adding new files and comments.

Add a New Deal to the Pipeline

By using Dealpath’s Outlook Add-In, you can build your pipeline right from your inbox. Received an exciting new property flyer? Add it directly to Dealpath by simply clicking on the Dealpath Outlook Add-In button and creating a new deal.

Add Comments & New or Updated Files to Existing Deals 

In addition to adding new deals, Dealpath’s Outlook Add-In can also help you keep existing deals on track and up-to-date by adding files and comments. Received an updated environmental report? Add the new file to Dealpath in seconds. Did the county approve your site permit request? Let the team know by adding a comment within that task in Dealpath, directly from Outlook. 

By pushing these updates through via the Outlook Add-In, you and your team can continue collaborating on deals faster and easier.

How Can I Install Dealpath’s Outlook Add-In?

Installing Dealpath’s Outlook Add-In is simple, easy, and allows you to begin enjoying new efficiencies right away. The installation instructions are the same as all other Outlook Add-Ins.

To install the Dealpath Outlook Add-In, follow the steps below:

1. Click on the Home ribbon in Microsoft Outlook, then click “Get Add-Ins”. Alternatively, click “File”, then “Manage Add-Ins” to initiate the same process through a web browser, rather than within Outlook directly.
2. Once the list of available Add-Ins is open, type “Dealpath Outlook Add-In” in the search bar. Click on the Dealpath Add-In after it appears.
3. Click the “Add” button, then follow the directions to install it.
4. Log in to the Dealpath Outlook Add-In with your unique user information.

After installing our Add-In within Outlook and logging in, it’s now ready for use. You can get started adding deals and updating files or tasks from your inbox right away.

How Will It Help You?

This add-in provides the seamless connectivity you need to retain the highest standard of accuracy when it comes to deal information, data, documents, and more by allowing you to simultaneously manage your inbox and update real-time deal information:

• Simplify workflows by adding new deals from your inbox, without the frustration of toggling between windows and applications
• Keep existing deals up-to-date by adding comments or files to existing tasks
• Save time you’d otherwise spend manually logging deal data

Get Started Using the New Outlook Add-In

Ready to start driving efficiency at your firm with Dealpath’s Outlook Add-In?

If you’re an existing Dealpath user, follow the steps outlined above to install the Dealpath Outlook Add-In and get started. Feel free to contact your Customer Success Manager for guidance.

If you’re not an existing Dealpath user, schedule a demo to learn how Dealpath can help your team collaborate and grow your topline.

The post Introducing Dealpath’s Outlook Add-In: Update Deals Faster & Smarter appeared first on Dealpath.

Here’s what we’ve been up to this month:

Repeating Tasks v2

This month, we’re excited to announce our new and improved Repeating Tasks feature, which allows you to now set a recurring schedule for tasks based on the due date of the task. Now, when you set a repeating task, you’ll be prompted to set the recurring due date of each task along with how many days before the due date the task should be created. 

Improvements to Reporting PDFs

We know how important it is to protect sensitive information from being exposed, and our Reporting PDF exports feature supports that. We’ve now introduced support for redacting Deal Name as well, allowing users to edit its redaction options like any other info field. Additionally, you will be able to hide the names of deals that might be redacted when exporting PDFs.

More International Support

You asked and we delivered! This month, we’ve added support for the deal addresses in the following countries:

• Hungary 
• Indonesia
• Latvia
• Serbia
• Slovakia
• Vietnam

We have also added support for Asia and Australia time zones, which allows for more configurability and ease of use for you, our users.  

As always, we’re committed to building the best cloud-based deal management platform in the industry. Check back here every month to see our latest releases and exciting new features!

The post Monthly Product Update: February 2021 appeared first on Dealpath.

Dealapth has partnered with Box Platform to bring the best of cloud storage, file management, and security to make your deal management workflow and collaboration processes better.

Read more on the Box Developer blog.

The post Dealpath Partners with Box Platform to Streamline CRE Deal Management appeared first on Dealpath.

Commercial real estate deal management is a highly partisan issue in the 2016 election season. This issue is not between Democrats, Republicans or Libertarians, but make no mistake, it’s decision time and the stakes are high in the $15 trillion CRE industry. A new guard is driving change with innovative processes and tools powering effectiveness into the future.

Today we’re excited to launch Dealpath, a new software platform built for commercial real estate investment and development in the Internet Age.

Dealpath’s smart, intuitive and powerful software is designed to streamline deal management and help CRE professionals make the best investment decisions on their acquisitions, development projects, financings and dispositions.

To date, these valuable, time-sensitive transactions have been executed by a lot of people needing to exchange and understand information without specialized solutions or a standard way of doing things. They’ve managed by cobbling together a variety of different tools that were not designed for these challenges such as word document checklists of tasks, virtual data rooms, and lots and lots of email.

Dealpath is a cloud-based platform that automatically collects and organizes deal data. It enables users to efficiently distribute and track work both within their own firm and with external partners. Customizable reporting provides visibility and valuable insights into the deal pipeline that can also be exported for presentation or additional analysis. Dealpath is an easy-to-use platform freeing professionals from the administrative details that elegant software should be doing for them.

Dealpath has been borne out of years of frustration about the inefficiencies and lack of specialized solutions for CRE deal teams. I started my career at a large real estate private equity firm where I experienced these issues firsthand, and I’ve continued to hear and see the same challenges being faced by former colleagues and friends. The enormous amount of time, money, and energy poured into deal management is not the highest and best use of a firm’s valuable resources nor is it the most effective way to accomplish this important work. We hear you and we know there is a better way.

We started Dealpath more than two years ago with a clear view of the challenges to solve and the opportunities to improve deal management and collaboration. We’ve worked with hundreds of teams to understand their priorities and pain points. A new generation of CRE investment professionals has significant and growing responsibilities in this critical part of our economy. An increasingly competitive and complex marketplace requires specialized platforms, tools and services to achieve optimal outcomes.

If you’re acquiring, developing, or financing commercial property, we’re committed to raising the bar to provide better services to you.

Let’s build *real* value,

Mike

The post The *Real* Art of the Deal appeared first on Dealpath.