VTS – Hightower Merger One Year Later: Platform’s Global User Base Increases by 87%, Comprising 7B SF of Commercial Space

21 February 2018 · PRESS RELEASE

The leading leasing and asset management platform continues to rapidly digitize the commercial real estate industry.

New York, NY – February 21, 2018 – One year following the completion of a merger agreement with Hightower, VTS is thriving in its effort to revolutionize one of the world's largest asset classes, the commercial real estate industry, now managing 7 billion square feet of office, retail and industrial space on the platform. Since the merger, the companies have integrated each of their strongest features into one platform, bringing the best of both products together.

Now known solely as VTS, the firm has cemented its position as the commercial real estate industry’s leading leasing and asset management platform, with a client roster that includes top names such as Boston Properties, Beacon Capital Partners, Equity Office, LaSalle Investment Management, Hines, JLL and CBRE.

Notable milestones following the merger include:

  • VTS’ customer base has grown to more than 28,000 users, up 87% since the merger
  • The platform’s portfolio now consists of 7 billion square feet of commercial space, an increase of 112% and over 49,000 buildings, an increase of 113%
  • Since the merger, 49,000 deals have been executed on VTS, with more than 325,000 currently active on the platform
  • VTS has expanded its international reach, with users in 28 countries

Over 180 new clients partnered with VTS in 2017, including Time Equities, New England Development, United Properties, Ramco-Gershenson Properties Trust, Metropolis Investment Holdings and Green REIT.

“Our mission at VTS has always been to transform the commercial real estate industry through innovation,” said Nick Romito, CEO of VTS. “We have elevated our product offerings, arming our customers with the resources they need to attract, convert and retain their most valuable asset, tenants, all while optimizing their portfolio performance. We’re constantly energized to see our clients embracing data and technology and using it to better serve their day-to-day operations and bottom-line.”

Unlike other solutions in the market, VTS has been designed specifically for CRE professionals, by CRE professionals. VTS is highly configurable and works with clients’ existing systems and can be deployed across organizations in less than 90 days. With an intuitive interface, ease of use, and no extensive training required, VTS seamlessly integrates with users’ existing workflows ensuring rapid adoption.

“The real estate industry continues to evolve, and embracing technology is playing an integral part in determining industry players’ future success,” said Brandon Weber, Chief Product Officer of VTS. “We’ve heard from various customers that they have come to understand if they fail to digitize now, they may be left behind. From reducing inventory downtime to improving deal conversion rates, the efficiency VTS delivers to our clients is now proven.”

For more information on VTS and its service offerings, please visit www.vts.com.

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