Dealpath, the leading deal management platform for real estate investment, has today announced a strategic partnership with CompStak, the nationwide provider of commercial real estate lease comps, sales data, and property information.
Institutional investment teams who leverage Dealpath for pipeline tracking, collaborative deal management, and powerful reporting will now be able to automatically retrieve and format their critical data from CompStak. This includes both accurate property data as well as analyst-reviewed lease and comps across the United States.
With the integration, CompStak data will flow into Dealpath allowing high-performance teams to seamlessly access the data in their existing workflow via a single, easy-to-use interface. Customers of both platforms will now be able to spend time on value-add work rather than waste time on manual, repetitive, error-prone activities.
“Purpose-built solutions designed for interoperability with the tools the market needs are building value into the future. We’re excited to bring our customers this integration with their CompStak data to continue streamlining their work of delivering optimal, risk-adjusted returns.” said Dealpath CEO Mike Sroka.
The partnership is the logical response to feedback from both Dealpath and CompStak users, who sought to integrate the validated data and real-time insights of CompStak into their investment workflow with Dealpath.
“Market data is critical to deal evaluation and underwriting. The combination of CompStak data with Dealpath’s deal management platform will enable real estate investors, developers, and lenders to make better and quicker decisions with all the right data at their fingertips. This is a natural partnership that will deliver real value for our mutual customers,” said CompStak CEO Michael Mandel.
Dealpath is the leading cloud-based deal management platform for institutional real estate investment teams and supports the evaluation and execution of acquisitions, development, and financing deals. Dealpath was founded in 2014 and is based in San Francisco, California.
CompStak creates transparency in commercial real estate markets by gathering information that is hard to find, difficult to compile, or otherwise unavailable. CompStak delivers this unmatched insight into real estate transactions to a nationwide network of members and clients, including Tishman Speyer, Wells Fargo, Vornado, Boston Properties, Equity Office Properties, and every major brokerage.