ResiModel Announces New Board Director, Recent Additions to Client Roster
Leading Multifamily Investment Platform Continues to Gain Traction With Prominent Companies, Senior Industry Executives
NEW YORK – ResiModel, the leading platform for capturing, processing and analyzing data related to multifamily transactions, announced the addition of prominent financial technology executive Rob Bender as Executive Chairman of the company’s Board of Directors. With this appointment, Bender becomes the latest in a string of prominent real estate and technology executives that are backing and advising ResiModel.
Bender brings to ResiModel significant experience working with early-stage startup companies and overseeing their maturation. For 15 years, he served as executive vice president and CFO of Axioma, a financial risk management software provider. In this role, he oversaw the company’s growth from a small start-up into a market leader.
“Much like the financial sector of 2000, the commercial real estate world of today has reached an inflection point at which a critical mass of the industry has begun to recognize the benefits of harnessing and mining all of the data that crosses their desks,” said ResiModel CEO Elliot Vermes. “With the industry poised for revolution, Rob’s experience at leading operations for growing companies will help ResiModel meet the growing demand for our platform and increase our capabilities, while ensuring that ResiModel continues to provide commercial real estate firms across the industry with a superior level of service.”
On the heels of Bender’s appointment, ResiModel reported a number of high-profile additions to its roster of clients.
Since the beginning of July 2015, ResiModel has added dozens of new buy-side and brokerage clients, including Berkshire Property Advisors; Bonaventure Realty Group; Carter-Haston Real Estate Services; Interwest Capital Corp.; JVM Realty; MacDonald Realty Group; Patrician Management; and White Oak Partners.
New brokerage clients include the multifamily deal teams at CBRE’s offices in Denver, Indianapolis and Seattle; Sperry Van Ness’ Dallas office; Newmark Grubb Knight Frank’s Los Angeles office; BGL’s Chicago office; and Colliers Clearwater Student Housing. Other new brokerage clients include Brown Realty Advisors; Commercial Asset Advisors; Larry G. Schedler & Associates; and The Bentley Group.
ResiModel provides buyers, brokers, loan origination teams, loan servicers and appraisers with sophisticated data capture, analytics and visualization tools, allowing its users to aggregate and mine disparate data from rent rolls and operating statements that they receive. Its sharing functionality streamlines multifamily data transfer, providing property data in a standardized format for easy analysis.
“ResiModel’s rate of adoption among commercial real estate’s most prominent firms speaks directly to the value the company’s offerings, especially automated rent roll processing and analytics, provide to its user base,” said Bender. “It is always exciting to take a leadership role in a company in growth mode, and to provide operational support to ensure that business objectives are met. I’m eager to work with Elliot and the leadership team to help ResiModel capitalize on the real estate market’s adoption of technology, and provide integral services to major players in multifamily investment sales.”
According to Vermes, ResiModel’s new clients are indicative of the traction that the ResiModel platform is gaining across the multifamily space.
“In addition to deal teams at almost every major brokerage firm, our client base now includes four of the country’s 50 largest multifamily owners,” he said. “As we gain the backing of leading minds from real estate and technology, we’re confident in our ability to continue to provide value to our users by empowering them to gain deeper insight into multifamily properties.”
ResiModel has raised a total of approximately $4 million in a series of rounds from investors who have witnessed the multifamily industry’s growth and recognize the demand for the platform. The investor base includes both prominent venture capital firms and industry leaders in commercial real estate.
Launched in 2013, ResiModel was created to revolutionize the way deal information is shared and analyzed for the roughly $250 billion of multifamily transactions completed in the U.S. each year. As the leading platform for evaluating multifamily transactions, ResiModel helps users process, analyze and store all the rent roll and operating data that crosses their desks.
Since launching, ResiModel has quickly amassed a customer base comprised of deal teams at many of the industry’s top brokerage firms, including CBRE, Jones Lang LaSalle, ARA, Colliers, Marcus & Millichap, Moran & Co. and Cushman & Wakefield, along with a number of premier multifamily investors, such as Alliance Residential Company, Berkshire Property Advisors and The Milestone Group. To date, more than 6,000 multifamily transactions have been entered into the platform. ResiModel is financially backed by a number of prominent venture capital firms and industry leaders in commercial real estate. For more information, visit ResiModel.com.