REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
PRnewswire | April 24, 2023
Dottid, the leading proptech company revolutionizing the commercial real estate (CRE) industry by creating efficiency and revenue growth for asset managers and brokers, formally announces its release of Asset OS. Dottid's proprietary technology, which launched in April 2021, is transforming CRE by integrating workflow and data into one place and consolidating the robust capabilities of multiple platforms, tools, and workflows into one intuitive interface, saving CRE firms valuable time and money.
The CRE industry contributes $2.3 trillion to the U.S. GDP and is responsible for nearly 15.1 million jobs. Due to multiple modern variables including the increasing popularity of remote work, the industry has been impacted by high vacancy rates across the country, with 54.2% of the 1.07 billion square feet of office space currently open for lease, according to CoStar Group, Inc. To stay competitive, real estate companies are adopting more cost-effective strategies and optimizing their processes using technology.
"In order to effectively adapt to the shifts in the massive CRE industry and this period of uncertainty, asset managers and CRE leaders must innovate and leverage technology to unlock new potential and cost-saving opportunities," said Kyle Waldrep, founder and CEO of Dottid. "Dottid is at the forefront of the CRE technology revolution. With Asset OS, asset managers are provided for the very first time with oversight, data transparency, and detailed insights that help them maximize their resources and improve decision-making to grow revenues in any market."
"As a young company competing in the fast-paced Dallas market, we turned to Dottid to help build a more efficient process for tracking our workflow," said Joe Zylka, Director of Operations at Dogwood Commercial. "Dottid allowed us to organize everything in one place, with overall visibility and accountability, and as a result, we were able to perform more efficiently. In only 18 months, Dottid has enabled us to grow our portfolio by 2.5x while still continuing our high level of service without the need for additional personnel."
Key Asset OS Features Include
API Connector: Allows third-party tools like RealtyAds to integrate with Dottid so asset managers can access all their data in one place
Deals: Empowers all members of the team to know each process while remaining adept to deal changes; allows users to set approvals, assign tasks, communicate deadlines, and track relevant financial negotiations with all files and collateral at their fingertips
Capital Projects: Manage construction projects from start to finish entirely in Dottid, including approving bids, setting key milestone dates, tracking project progress, tenant improvement, and collaborating with teams
Dynamic Projections: Gives users the ability to project property performance in a graph that responds to selections of deals in their deal pipeline and upcoming renewals
Property Debt: Upload and keep track of important debt details and critical dates on loans; store essential debt data, like loan balances, interest rate, and maturity dates, so that an entire asset management team is on the same page
Additional features include real-time stacking plan, encumbrance schedules, property activity, inquiries, leasing performance insights, asset visualizations, and more.
In addition to being the first truly all-in-one CRE workflow and asset management platform connecting all critical asset management functions, Dottid is dedicated to protecting customer data. The company never shares, scrubs, or sells data under any circumstances, including a marketplace environment. Dottid's Asset OS customers can be assured that their data is secure, and is only theirs.
Dottid is a revolutionary, all-in-one workflow platform that is changing the landscape of the commercial real estate industry. From brokers to asset managers, Dottid makes it easier than ever to manage complex transactions and investments. Founded in 2018 and headquartered in Dallas, Texas, the company brings brokerage, asset management, and debt oversight into one easy-to-use modern workflow tool. As a result of their proprietary technology, they are bringing new levels of efficiency and revenue generation to the commercial real estate industry and giving their customers a competitive edge in an ever-changing world. Learn more at dottid.com.
REAL ESTATE TECHNOLOGY, REAL ESTATE INVESTMENT
Globenewswire | April 25, 2023
ProprHome, a Portugal-based blockchain-powered real estate marketplace, has announced an exclusive partnership with a US-based metaverse company, Odyssey. Together, they will provide a metaverse solution that enables customers to view properties immersively. With this partnership, ProprHome aims to provide a more trusted and convenient real estate experience, building on its mission to offer property developers, owners, and agents a new way to earn trust and credibility in every sales interaction.
ProprHome is focused on personal brand building and accountability, enabled by the fact its platform is developed on XRP Ledger. The company is currently operating in Lisbon, where it has created a digital twin of the city. Through its partnership with Odyssey, ProprHome is now offering digital twin design services to real estate developers to enhance their sales process off-plan, or under construction developments. Within the platform, each stakeholder, including customers, can view the property in an immersive way, and in some cases fully customize the interior.
The platform also offers you your very own non-custodial wallet, which is embedded in the site. This wallet enables customers to add their credit cards, bank details, or even purchase via XRP, its supported cryptocurrency. Once the customers like the property, they can reserve it by making a reservation payment. This feature benefits developers, by offering them a faster way to process new sales, as the first 24-48 hours of a development launch are often highly active. With this immersive experience, developers can sell the majority of their off-plan stock four to five times faster than with traditional methods.
The technology also allows customers to truly view properties from anywhere in the world. With a representative view from different levels and floors, customers can see the apartment's orientation, and even the amount of daylight and shadows it might receive thanks to the Unreal Engine technology that powers the platform.
ProprHome's ultimate goal is to provide an end-to-end marketplace solution for the industry. The company has a six-stage roadmap, and is already delivering on three stages: developing a rewards-driven platform, payment rails and NFT utility. Stage four is now focused on metaverse integration and immersive experiences, with stage five to follow; integrating secure document management.
According to the CEO of ProprHome, "Our core business is a marketplace that's inclusive for everyone. We promote real estate agents, property developers, and direct owners to advertise on our platform. This partnership is a significant step toward the future of the real estate search and discovery experience, and we believe the solution we provide will greatly enhance how many people enter the market.
By creating digital twins of cities, and properties, it enables developers to secure sales faster, and for customers to have more visibility. This partnership will undoubtedly transform the real estate industry and pave the way for a more seamless and convenient future to property search and discovery."
ProprHome is a property marketplace developed on XRP Ledger that offers real estate agents, property developers and owners a new way to earn trust and credibility in each sales interaction. Focused on personal brand building and accountability, ProprHome's goal is to enable a more trusted real estate experience making the process easy and convenient for everyone.
MARKET OUTLOOK, REAL ESTATE TECHNOLOGY
PRweb | May 23, 2023
Global real estate brokerage The Agency proudly announces the launch of its first franchise office in Indianapolis, Indiana. The new locale, which will be known as The Agency Indianapolis, is the firm’s first office in the state of Indiana, and second in the Midwest following Birmingham, Michigan, which opened in 2022. The Indianapolis office joins the brokerage’s growing network of more than 80 offices in the U.S., Canada, Mexico, the Caribbean, and Europe and will be led by industry veteran and Managing Partner Traci Garontakos. Traci and her team will service the greater Indianapolis region with a focus on the city’s thriving suburbs of Zionsville, Carmel, Westfield, Noblesville, and Fishers.
“We’re thrilled to continue our expansion across the Midwest with the launch of our first office in Indiana,” said Mauricio Umansky, CEO and Founder of The Agency. “We’re delighted to partner with Traci Garontakos, a well-respected and accomplished professional in our industry, as we unveil our new location in Indianapolis.”
The Agency has rapidly expanded its presence across the globe throughout the past year, making it one of the fastest-growing luxury boutique brokerages in the world. The Agency’s independently-owned brokerages are referred to and integrated as true global partners. Every Managing Partner, from both corporate or independently-owned offices, operates cohesively as one true global network. Rather than simply using brand likeness in their marketing, The Agency’s global partners enjoy the same access to leadership, marketing, public relations, training, tools, and technology as our corporate offices. In Q1 of 2023 alone, The Agency launched eight new offices, with more on the horizon in the coming months.
“Indianapolis is a thriving market that holds great synergy with The Agency brand as we continue to deepen our brokerage’s presence in the Midwest,” said Jim Ramsay, Executive Vice President of Franchise Sales at The Agency. “We look forward to servicing this thriving destination as we bring The Agency’s unparalleled network and resources to buyers and sellers throughout Indianapolis.”
Traci Garontakos serves as Managing Partner of The Agency Indianapolis and is a proud resident of Zionsville, as well as a highly accomplished real estate professional with more than 20 years of experience in building lasting business relationships. With a passion for design and a personal commitment to working tirelessly for her clients, Traci has established herself as a trusted and respected figure in the local real estate industry. As a top producer for many years, Traci has a deep understanding of the luxury real estate market and has developed a keen eye for identifying the best opportunities for her clients, who appreciate her attention to detail and ability to make the buying and selling process as stress-free as possible. She has a reputation for going above and beyond to ensure her clients are satisfied and happy with their real estate transactions. Traci has built a team of dedicated professionals who share her commitment to excellence, resulting in $50 million in annual sales in 2022. As a top producer in the luxury real estate industry, Traci’s reputation for exceptional service and results speaks for itself.
“The Agency’s global brand presence and innovative marketing align perfectly with the culture of our business and the city of Indianapolis,” said Traci Garontakos. “I am excited to lead our team and continue to serve the greater Indianapolis region and its suburbs, which continue to experience unprecedented growth and development while maintaining the charm, beauty, and idyllic Midwestern lifestyle afforded within our local community.”
With solid infrastructure, The Agency has a renowned brand that is featured on international television shows including “Million Dollar Listing Los Angeles,” “The Real Housewives of Beverly Hills,” and “Buying Beverly Hills,” which debuted on Netflix on November 4, 2022 and just announced its second season. The Agency has grown to more than 80 corporately owned and franchise offices across the globe, making it one of the fastest-growing luxury boutique brokerages in the world. Poised for further expansion with like-minded partners in strategic markets, The Agency is noted by The Financial Times as one of America’s Fastest Growing Companies and has ranked among Inc. 5000’s list of fastest-growing private companies in the country for six consecutive years. Recently, The Agency ranked 18th on the 2023 RealTrends 500 list, and ranked as the fifth-largest privately held independent brokerage in the nation by sales volume. In August 2022, Inman named The Agency Luxury Brokerage of the year.
The Agency Indianapolis is situated within a historic farmhouse known as The Holliday House at Holliday Farms, located at 3546 South US 421, Zionsville, IN 46077.
The Agency is an agent-first, tech-driven boutique luxury global brokerage representing clients worldwide in a broad spectrum of classes, including residential, new development, resort real estate, luxury leasing and vacation rentals. Breaking away from the traditional brokerage model, The Agency takes a collaborative approach to the business, fostering a culture of partnership in which all clients and listings are represented in a collaborative environment. Agents and clients benefit from the shared resources and networks of the entire global team, including in-house creative, public relations and cutting-edge technology divisions. The Agency has closed more than $57 billion real estate transactions since 2011, comprising over 80 offices in ten countries, and counting, as one of the fastest-growing boutique, luxury real estate brands in the world. Watch The Agency on Buying Beverly Hills, a new real estate occu-soap highlighting the high-stakes world of luxury real estate in Los Angeles, currently streaming on Netflix.