Proptech leader VTS recognized for its transformative technology platform
New York, NY — February 11, 2020 —VTS, the commercial real estate industry's leading leasing and asset management platform, today announced it has been named a CRE Tech Influencer of the Year by leading industry publication GlobeSt. This award highlights companies that have pioneered technologies that have transformed the commercial real estate industry.
“We are incredibly honored to be recognized as a GlobeSt CRE Tech Influencer of the Year,” said Nick Romito, CEO, and co-founder of VTS. “This award showcases how critical technology is for modern landlords to execute their portfolio strategies and remain ahead of the competition in a rapidly evolving market.”
GlobeSt representatives selected the companies and individuals honored from a talented and diverse pool of submissions. VTS was recognized for its strong track record of delivering innovative solutions that enable modern landlords and brokers to transform their leasing and asset management processes.
Since its founding in 2012, VTS has been revolutionizing commercial real estate, an industry valued at more than $16 trillion, and traditionally known as one of the world’s largest and least tech-enabled asset classes. The VTS platform powers leasing, asset management, and marketing teams – enabling modern landlords to reduce their deal cycle time by 41%. The company offers solutions for owners of office, retail, and industrial space, and is driving the industry-wide shift toward using real-time data to make portfolio decisions.
Today, more than 10 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 43,000 users across 40 countries use VTS, including 8 out of world’s top 10 largest property owners.
VTS is commercial real estate’s leading leasing and asset management platform, bringing together landlords, brokers, and tenants to make deals happen. VTS software enables office, retail, and industrial landlords and brokers to transform their leasing process and convert leads to leases 41% more efficiently. MarketView™, the industry’s first market benchmarking product gives landlords real-time information to inform deal negotiations and leasing strategies. Completing the VTS platform offering is truva, the industry’s modern marketplace that will be powered by the 10B square feet of space managed on VTS software. truva.com is designed to drive tenant demand for landlords, and remove friction from the leasing process for tenants and tenant rep brokers.
VTS’ platform has a user base exceeding 43,000 and boasts an impressive client roster that includes leading organizations such as Blackstone, Brookfield, GLP, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL, and CBRE.
GlobeSt is a premier online destination for original and timely commercial real estate content that delivers trusted, relevant real-estate news and insights, effectively providing our audience with a 360-degree view of the industry. GlobeSt provides commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build their businesses. GlobeSt celebrates those that are adapting and succeeding in new ways, translate the impact of macro issues, local market trends and emerging technologies into digestible, shareable information that can be immediately put into real-life practice.