Actionable investment insights through integrated data with the Dealpath API
Last May, Dealpath released our Third-Party API providing customers and partners with convenient, real-time access to their data. We did this because we believe it is critical for real estate investment firms to have sovereignty over their data and the tools to unlock value.
Over the course of the last year, we’ve furthered strengthened our conviction in the importance of leveraging data to maximize returns from evaluating deals to managing a portfolio. Leading institutional investment firms have integrated the Dealpath API into their workflows and modern real estate tech stack. One example is a PERE 50 firm utilizing the API to transfer critical asset and deal data into their proprietary data warehouse for combining with other department data sources, enabling forecasting analysis and visualization. They’ve found that using their data in this manner has key benefits.
- Increased transparency across the organization – By integrating their data using the Dealpath API, they’re able to perform holistic reporting across the departments (for example, not just their acquisition team) and they can pull their data from all their systems (including Dealpath) into the internal system.
- Improved quality of data – The process of integrating the API into their improved process cast a spotlight on the quality of data and improved the quality of data being added into their system and therefore improved their ability to analyze data.
- Data snapshots – The ability to programmatically retrieve data created the option to create snapshots of data, allowing firms to have an accurate picture of data in time allowing them to look back for reference.
- Amplifying their own data – By integrating the API, firms are able to easily add a programmatic layer to their own data. Now they’re able to get insights quicker and democratize deal evaluation.
By enabling customers to use leverage their own data, Dealpath is addressing the growing need for firms to deploy modern tech stacks comprised of best-of-breed software solutions. “The modern real estate tech stack employs ‘best-of-breed’ solutions that are integrated seamlessly across the organization and lifecycle of an asset including market data, deal management, portfolio monitoring, property accounting, and fund administration,” said Dealpath CEO Mike Sroka.