How One Firm Uses Lobby CRE With Their PMS for More Actionable Data

Located:
Florida & California

Property Management System:
Yardi

Property Type:
Diverse Portfolio

Portfolio Size:
1,700,000 sq ft portfolio

Who is MoreSpace?

MoreSpace Management owns, operates, and manages a premium portfolio of commercial real estate (CRE) assets located in high-growth submarkets throughout the United States. The firm boasts a diverse 1,700,000 square foot portfolio of high-quality industrial-warehouse buildings, flex buildings, office buildings and storage facilities.

MoreSpace is currently focused on optimizing their current properties while expanding the portfolio and underwriting deals. As a longtime user of Lobby CRE, from day one MoreSpace was able to quickly gain insights into those existing properties and then effectively scope new deals. Said Scott Seward, Partner and CFO, “Time is money and Lobby CRE’s intuitive data and on-demand insights are valuable as we seek to expand our portfolio.”

Problems MoreSpace Needed to Solve

Repetitive, Manual Tasks
MoreSpace uses Yardi to run its accounting and property management business functions. With this tool alone, running reports at the executive level was manual and cumbersome. In order to get the right information, team members had to perform repetitive tasks inside of Excel and then export into the accounting and property management system.
Slower Speed to Insights
The continuous process of exporting from Excel into Yardi created inefficiencies that slowed the firm down and ultimately led to a slower speed to insights. As a result, the firm began its search for a dashboard-driven solution that enabled them to manipulate and extract the data directly from Yardi so that they could run reports seamlessly and quickly. And that’s when they discovered Lobby CRE.

Why Did MoreSpace Choose Lobby CRE?

With Lobby CRE’s configurable dashboards, the firm can readily access the information they need without having to export outside of the platform. And with a single source of truth, the data is easily accessible and always current. MoreSpace uses Lobby CRE’s dashboards to monitor occupancy, delinquency, expense ratios, NOI, and revenue to help them more effectively track property performance.

“With dashboards, we can access and update our data using the previous month’s financials with the click of a button and immediately see the new information.”

Interested in reading more? Click the button below to download the full PDF and discover what Lobby CRE tools MoreSpace was able to use to achieve their desired results.

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