Leading multifamily data platform is attracting prominent real estate professionals across the country
Reflective of its continued rapid pace of growth, ResiModel — the leading platform for capturing, processing and analyzing data for multifamily transactions — today announced that the company onboarded an impressive roster of 43 new clients during the first half of 2016.
ResiModel, which provides users with a comprehensive solution for processing and analyzing multifamily transactional data, added both buy-side and brokerage clients during the six-month period. New brokerage clients include ARA Newmark’s Atlanta office, Avison Young’s Los Angeles and Memphis offices, JLL’s Nashville and Florida offices, and Cushman & Wakefield’s Cincinnati office.
Prominent new buy-side clients include BH Management Services, Carroll Organization, Federal Capital Partners, Hawthorne Residential Partners, Investcorp, L&M Development Partners, LEM Capital, Mount Auburn Partners, The Praedium Group, The Preiss Company, Titan Real Estate Investment Group, TVO Groupe, Waterton Associates, and Waypoint Residential.
ResiModel provides clients with the ability to standardize, aggregate and mine the rent rolls and operating statements that they receive in disparate PDF and Excel formats. The SaaS platform then applies data visualization and other analytics tools to facilitate deeper insight into investment opportunities.
“Transaction volume remains strong in markets across the country, and a growing number of multifamily brokers and investors are turning to ResiModel because of the platform’s ability to reduce turnaround time and uncover hidden upside value,” ResiModel CEO Elliot Vermes said. “For many real estate professionals, the process of converting the files they receive into their own underwriting templates can take several hours each day—something our Rent Roll Capture™ tool can do in seconds.”
According to Vermes, ResiModel provides its users across the industry with a competitive advantage. Through its sophisticated data analytics and data visualization tools, ResiModel helps buyers evaluate potential investment opportunities more thoroughly and quickly, while helping brokers win listings by providing them with a deeper understanding of sellers’ properties.
“The benefits our users reap are a result of the strong technological underpinnings of our platform — from data capture to data visualization and granular data analytics,” stated Vermes. “In striving to create a system that will continue to meet the needs of the industry, we have also begun implementing machine learning, which will further reduce the time spent on non-value added tasks, while increasing accuracy for our users.”
ResiModel has raised a total of approximately $4 million from prominent venture capital firms and industry leaders in commercial real estate, who have witnessed the multifamily industry’s growth and recognize the demand for the platform.
About ResiModel
Launched in 2013, ResiModel was created to revolutionize the way deal information is shared and analyzed for the roughly $250 billion of multifamily transactions completed in the U.S. each year. As the leading platform for evaluating multifamily transactions, ResiModel helps users process, analyze and store all the rent roll and operating data that crosses their desks.
Since launching, ResiModel has quickly amassed a customer base comprised of deal teams at many of the industry’s top brokerage firms, including CBRE, Jones Lang LaSalle, ARA, Colliers, Marcus & Millichap, Moran & Co., Cushman & Wakefield and Avison Young, along with a number of premier multifamily investors, such as Alliance Residential Company, Berkshire Property Advisors and The Milestone Group. To date, more than 6,000 multifamily transactions have been entered into the platform. ResiModel is financially backed by a number of prominent venture capital firms and industry leaders in commercial real estate. For more information, visit ResiModel.com.
