Definitions and Best Practices
The commercial real estate (CRE) space is rapidly evolving. As the industry shifts, modern CRE tech solutions are entering the market that can address common CRE challenges. Specifically, CRE portfolio management software can help commercial real estate firms drive cashflow and propel portfolio growth. In today’s ever changing environment, technology can be a major contributor to the success of your firm.
“Portfolio management software” is technology that enables commercial real estate firms to effectively manage their properties and assets and attain insights that will optimize cashflow for faster returns. Software for portfolio management streamlines operations by collecting property and portfolio data and making it accessible and actionable. This type of solution is built specifically for CRE professionals and intended to address their unique needs, challenges, and pain points..
CRE portfolio management software uses automation to help commercial real estate firms unlock operational efficiencies. Portfolio management software provides cost and time savings throughout your business operations while improving visibility into your properties’ performance.
Benefits of CRE portfolio management software include:
Today, commercial real estate firms need a proactive rather than reactive gameplan to successfully navigate the market’s shifts. The ability to identify and address challenges before they arise can significantly reduce costs and save time and resources. Additionally, if your firm relies on manual processes, you are likely spending a lot of time collecting, organizing, and analyzing data, which can make extracting actionable insights difficult. As your firm grows, these types of challenges will only snowball, making it increasingly difficult to keep a pulse on each asset’s performance.
As you evaluate portfolio management software, consider the challenges you are looking to address, how the technology aligns with your growth strategy, and whether the software provider will be able to effectively address your industry-specific applications.
Look for the following features when evaluating a solution:
Today, technology is at the core of effective CRE portfolio management. The right CRE portfolio management solution enables firms to pinpoint opportunities to increase income and reduce expenses. With automated data collection, analysis, reporting, and more, CRE portfolio management software provides real-time insights that can be used to scale your CRE firm. More time to focus on deals means more opportunities to manage and optimize cashflow for faster returns for the Sponsor and Investors.
Lobby CRE transforms CRE asset management with automated operational and financial data intake, intelligent performance analysis and reporting, industry benchmarking, and configurable dashboards – all within a single platform.
Ready to save your firm time and money that can be used for more valuable activities?
