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Case Study

Tritower Financial Group Uses VTS to Increase Leasing Efficiency and Identify Market Insights

"Once we get enough penetration in a market, we’re able to quickly identify trends happening in submarkets earlier than could have before. It would be so much harder to get that level of insight without VTS."

Todd Twombly, Director of Asset management

Tritower Financial Group

BY ASSET TYPE

Office, Industrial

PORTFOLIO SIZE

2.2M RSF

REGIONS

Tier I & II cities

Tritower Financial Group is a private real estate investment and management firm that sources, sponsors, and operates single-asset real estate investments. Their investment strategy focuses on stable, income-generating assets with a focus on office and industrial properties in Tier I and II cities. When the company was still less than years old, they did over 10 core-plus office deals across the company — and wanted to keep that number growing. But with this rapid growth goal, Tritower was having a hard time keeping their information centralized.

Their Director of Asset Management had used VTS at a previous company and knew the impact it could have on Tritower’s business. Since becoming a VTS customer, Tritower Financial Group’s leasing and asset management processes have been transformed.

CHALLENGES & ROADBLOCKS

Why Tritower Financial Group needed to transform their approach to leasing and asset management

Inefficient leasing process

Each of Tritower’s brokers sent a different spreadsheet with leasing activity details ahead of the company’s bimonthly leasing calls. There were 17 spreadsheets from 17 different locations in 17 different formats, which was a hassle. Tritower’s leasing team would often receive the information right before the call and had no time to review the spreadsheets ahead of time. When they later tried to search for details they needed to make a leasing decision, they were never sure if they were looking at the latest document.

SOLUTION

Transforming the leasing and asset management process at Tritower Financial Group

Faster, more efficient leasing process

Tritower now has a single platform for their portfolio data. Having everything in one place has significantly improved their leasing efficiency. The leasing team knows where all needed information is and can access it with the click of a button. With less time spent digesting 17 different spreadsheets, the company can act faster.

Results

+20%
increase in leasing efficiency

Learn how VTS can make your team more productive

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