VTS announces record growth in the first quarter of 2015, and an upcoming release of new platform.
NEW YORK, NY – April 30, 2015 – VTS, the leading software platform for commercial real estate leasing and asset management, announced record growth in the first quarter of 2015 - highlighted by the addition of +200M RSF enabling VTS to surpass 1.3 billion RSF under management. The quarter kicked off what is proving to be a pivotal year for VTS as it continues to establish itself as the industry standard among the top commercial landlords & brokers; building modern solutions to help clients boost performance, revenue, and efficiency throughout their portfolios.
Industry Leaders Fuel Growth
Much of VTS' growth in Q1 was driven by the anticipated launch for their new platform (June 2015) and continued adoption by additional industry-leading landlords including Columbia Property Trust, CommonWealth Partners, Equity Office Properties, Hudson Pacific Properties, and MB Real Estate.
"We're humbled by the support we've received in the marketplace and our vision to simplify and streamline the collaboration between owners and brokers. The market wants a standard platform, and the industry leaders are rallying behind VTS to make that a reality. We experienced amazing growth in Q1, and with the upcoming launch of our new platform, we expect Q2 to be an even more successful quarter for our team." Said Ryan Masiello, Co-Founder and Chief Revenue Officer of VTS.
New Innovations Hitting the Market
VTS officially announced the upcoming release of their new platform, which is slated to go live in June. Their new platform represents a year long collaboration with the top landlords and brokers in the world and will further enhance CRE business performance, including an intelligent new user experience, robust financial modeling capabilities, improved stacking plans, and powerful new portfolio analytics.
"VTS stands out because of the team." Says Bill Murphy, Chief Technology Officer at Blackstone. "It really combines the real estate knowledge of the problem set that they're trying to solve, and you pair that with product and technology expertise that's able to take that knowledge of the problem and ideate how to fix it, in interesting and new ways."