VTS Named #1 in Data for the Commercial Real Estate Industry at the CREtech Real Estate Awards

05 September 2019 · PRESS RELEASE

VTS, the inventor of leasing and asset management software, wins first place in data at the sixth annual Real Estate Tech Awards (#RETAs).

New York, NY - September 5, 2019 — VTS, New York City-based proptech unicorn and inventor of commercial real estate (CRE) leasing and asset management software, is pleased to announce it is a sixth annual Real Estate Tech Awards (#RETAS) winner in data, presented by CREtech, the largest event, data and content platform in CRE tech.

“We are incredibly honored to have been recognized by CREtech as #1 in data for commercial real estate,” said Nick Romito, CEO and co-founder of VTS. “VTS has a long history of being the CRE industry’s modern operating system—the place where deals happen and real-time data comes to life. This recognition is a true validator of how our real-time data enables VTS users to draw critical insights, revolutionizing a historically tech-laggard industry.”

Sponsored by JLL Spark, the Real Estate Tech Awards (#RETAS) are the leading international award honoring excellence in CRE tech. The awards recognize the most cutting-edge companies which have played an integral role in advancing tech in the industry throughout the year. Backed by the leading VCs, angel investors, corporate investors and thought leaders in CRE tech, the awards were open to startups or tech companies servicing the industry.

Since its founding in 2012, VTS has revolutionized CRE—an industry valued at more than $15 trillion and one of the world’s largest and least tech-enabled asset classes. Inventing the tech category of leasing and asset management, VTS allows landlords and brokers to manage their entire leasing process to maximize revenue and performance.

Today, more than 10 billion square feet of CRE—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 35,000 users across 38 countries use VTS to convert leads to leases 41% faster than ever before. 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, JLL and CBRE.

This achievement comes at a pivotal moment for VTS, which recently announced its $90 million Series D fundraising round led by Brookfield Ventures, believed to be the largest venture investment in the history of CRE software. The round also resulted in VTS achieving unicorn status. Shortly thereafter, VTS announced the appointment of IPO-experienced and SaaS expert Bob Bies and its expansion into Toronto with a new product development center. Later this year, VTS will launch CRE’s first end-to-end leasing marketplace—Truva. With a fast-growing, supportive customer base, a world-class team and a market-leading product, VTS is on the trajectory to tremendous growth.

VTS was carefully selected as a winner by the #RETAs elite panel of judges, including the leading VCs, angel investors and corporate investors and thought leaders in the commercial real estate tech industry.

For more information about the Real Estate Tech Awards, click here.


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.

About CREtech
CREtech is the leading media and events company servicing the greater real estate and technology community. Our mission at CREtech is to connect the real estate and tech sector by hosting engaging conferences, publishing research, and content.
CREtech is owned and operated by The News Funnel, the leading content, connectivity and event platform devoted to the commercial real estate industry.
To learn more about becoming a sponsor, a list of upcoming events and other exciting news, please click here or email anne@cretech.com

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