VTS CEO Nick Romito Named to Commercial Observer’s 2020 Power 100

13 August 2020 · PRESS RELEASE

VTS is the only Proptech company recognized amongst New York commercial real estate’s most powerful players

NEW YORK, NEW YORK—August 13, 2020—VTS, the commercial real estate industry's leading leasing and asset management platform, today announced that its CEO and Co-Founder, Nick Romito, has been named to Commercial Observer’s annual The Power 100 list. The list honors the most prominent real estate players of the year throughout the industry, including developers, investors, brokers, tenants, architects, and more. This recognition underscores the growing importance of the Proptech industry and VTS’ role as the premier leasing and asset management solution used by 10 of the top 10 office landlords (by square footage) in Manhattan. 

“It’s a true honor to be recognized by Commercial Observer on this year’s The Power 100 list,” stated Romito. “This year has brought unprecedented challenges to commercial real estate. I’m proud of what VTS has been able to accomplish for the industry and am humbled to be named amongst some of the most notable and accomplished names in New York’s real estate community. Furthermore, as the leader of the only PropTech company acknowledged on the list, this represents the rise in importance of technology as critical for operating a commercial portfolio.” 

Romito was recognized for leading VTS through an outstanding year, most notably with the launch of VTS Market, the commercial real estate industry’s first integrated, online marketing platform that enables landlords and their agency teams to market and lease their available spaces remotely for the first time. With VTS Market, landlords finally have a fully-digital, data-driven way to market and lease their spaces online—all from within the VTS platform they use to manage their leasing and asset management activities today. With the majority of the market’s largest owners onboard since its official launch this June, such as Tishman Speyer, SL Green, Brookfield Properties, Empire State Realty Trust, Hines, Oxford Properties Group, and RXR, VTS Market has become the most rapidly adopted product in Proptech history.

Since its founding in 2012, VTS has revolutionized commercial real estate – an industry valued at more than $16 trillion and one of the world’s largest and least tech-enabled asset classes. VTS established the technology category of leasing and asset management and enables landlords and brokers to manage the end-to-end leasing process and tenants from any device. VTS offers solutions for owners of office, retail, and industrial space, and is driving the industry-wide shift towards using real-time data to make portfolio decisions.

Today, more than 12 billion square feet of commercial real estate–an amount equivalent to roughly 20 New York Cities in size–is managed on VTS, including one in every three office buildings in the U.S. More than 45,000 users across more than 35 countries use VTS to convert leads to leases 41-percent faster and build data-led asset strategies, transforming their leasing and asset management processes. VTS has eight out of 10 of the world’s largest property owners as clients, boasting an impressive roster of global leaders including Blackstone, Brookfield, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties Group, JLL, and CBRE.

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About VTS

VTS is commercial real estate’s leading leasing, marketing and asset management platform where the industry comes to make deals happen and real-time data come to life. VTS is powered by the largest single source data network in the industry, which delivers real-time data and insights that fuel faster, more informed decision making and connections throughout the deal lifecycle. Our MarketView™ offering, the industry’s first market benchmarking product, and VTS Market and Marketplace, the industry’s first integrated online marketing solution, gives landlords, brokers, and tenants unparalleled visibility into real-time market information and the direct connectivity to execute deals with greater speed and intelligence at every point in the planning, marketing, leasing, and asset management cycle. 

More than 60% of Class A commercial space in the US and 12B square feet of commercial real estate globally is managed on the VTS platform.  Our user base includes over 45,000 CRE professionals including respected industry leaders like Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com.

Media Contact

Elise Szwajkowski
Marino
(212) 402-3495
eszwajkowski@marinopr.com

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