Commercial Investment Real Estate is the magazine of the CCIM Institute, the leading provider of commercial real estate education. CIRE covers market trends, current developments, and business strategies within the commercial real estate field.
Issue link: http://cire.epubxp.com/i/923123
COMMERCIAL INVESTMENT REAL ESTATE 20 January | February 2018 Truly, Madly, Deeply Mobile N ewer, powerful technology streamlines processes that used to take hours to collect from multiple sources. Some new products allow commercial real estate pro- fessionals to view their client files, property listings, and presentations on their smartphones and tablets anywhere and anytime. VTS is one platform that is savings users plenty of time. Before VTS, Albert Livingston, CCIM, used Excel spreadsheets to compile biweekly reports on his team's leasing pipeline. "Now I pull up the VTS program and slice and dice the port- folio by submarket and by city, and all the information is in one place," says Livingston, national director of asset management and a partner at TerraCap in Tampa, Fla. "In my office, all of the brokers and accounting team update building data into this program. I can see real-time rent rolls, pull up lease abstracts, evaluate the rollover by year, and find out what industries tenants are in, and the strata of deals in our leasing pipeline. The data is all in one format, it's easier to digest, and it saves a ton of time." Livingston installed the VTS app on his smartphone, so a text message pops up when one of his team brokers is touring a build- ing with a prospective client. "VTS has improved my interaction with the leasing team by 100 percent," he says. "The mobile app allows all of us to pull the data in real time." Managing 3.5 million square feet of property, Livingston now has instant access to data that he cannot remember off the top of his head. One-Stop Shopping Another new platform, Workspace, also helps commercial real estate professionals be more effective in their careers. "Workspace creates collaboration and transparency by serving as one portal for the property management group," says Shane Froman, vice president of property management at Lincoln Property Co. in Atlanta. "It contains modules for asset management, leasing, accounting, and property valuations all in one system for one- stop shopping." New CRE platforms facilitate a truly mobile office. by Sara S. Patterson fpm (cans), cloudnumber9 (icon) TECHNOLOGY S O LU T I O N S