The L+M teams leverage Dealpath as their Deal Management platform and systematically load their deals and the associated data into the system. By doing so, the team is able to centralize deal information. The centralized system results in everyone being on the same page with realtime information, and they are alerted appropriately with smart notifications wherever they are working.
The centralized system also facilitates seamless handoff of deal information, tasks, and files between Acquisitions, Development, and Asset Management teams. Acquisitions and Development teams know what Asset Management needs before handing it off to them, and they get better visibility and tracking of what is closing.
This resulted in a more efficient and reliable transition of key information, data, and documents in a structured way between internal L+M teams and property management companies.
Through collaboration and workflow management, L+M was able to minimize the administrative overhead of updating recurring reports and reconciling between services and software. Not only could information and reports be generated on the fly to support the needs of the Asset Management and reporting teams, saving hours of manual work, but new personnel could also be onboarded with contextual access and offboarded without disruptions or data leakage.