Case Study
“With VTS everyone is getting information simultaneously. Our CEO is seeing all activity in real-time, which is incredibly valuable. It saves the asset manager time by not having to provide the same update multiple times to different stakeholders.”
Patrick Reilley, Asset Manager
National Real Estate Advisors
BY ASSET TYPE
Office
PORTFOLIO SIZE
2.5M RSF
REGIONS
Major Urban Markets
National Real Estate Advisors is a well-respected name in the commercial real estate industry. Headquartered in Washington D.C., the firm has a focused strategy on build-to-core and seeks to create modern, technologically advanced assets. They have a presence across all property types in most major markets across the United States. National Real Estate Advisors originally considered VTS when they were looking for technology to help them alleviate the challenges associated with manual reporting. They also wanted to be able to make faster decisions and be more responsive to tenants. After adopting VTS, their leasing and asset management processes have been transformed.
CHALLENGES & ROADBLOCKS
Inefficient leasing process
Before VTS, National had no way to communicate leasing pipeline information through their organization quickly. While they would have bi-weekly meetings, there was little insight into the progress being made between updates. This made it hard for the team to make quick decisions to move deals forward.
SOLUTION
Faster deal cycles
With VTS, the National team is able to make better leasing decisions faster because everyone receives deal information simultaneously. As a result, the team is able to respond to tenants and advance deals forward faster, accelerating overall deal cycles. Additionally, much of the manual processing and reporting the team had to do previously has been eliminated.
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