Whereas other industries have modernized, even the most sophisticated real estate investment firms still rely on Excel, gauge deals by instinct, and waste time searching for data on shared drives.
Deal management platforms have risen to the forefront of the real estate technology landscape because institutional investors finally have the tools they need to become tech-enabled. The software centralizes deal data, task management, and reporting in a single, cloud-based location. Team members and collaborators can then manage their deals from anywhere, and at any time.
This guide goes in-depth on the conditions that led to the rise of deal management platforms and gives real-life examples of how today’s leading real estate firms use the technology to generate optimal risk-adjusted returns.
Deal teams who use deal management platforms:
- Save 22.5% of their time
- Reduce the time needed to evaluate investments from weeks to days
- Reduce errors in underwriting and due diligence by 18.1%
- Lift team productivity by over 50%