ResiModel, Revolutionary Multifamily Data Analytics Platform, Announces Additions to Client Roster
Leading Brokers and Investors Adopt Analytics Software to Gain Insight into Properties
NEW YORK (May 4, 2015) – ResiModel, the leading platform for aggregating, standardizing and analyzing financial data for multifamily transactions, today reported an impressive roster of high-profile new clients that it onboarded during the first quarter of 2015.
As a result of the time-saving data entry service and comprehensive, detailed rent roll analytics that ResiModel offers to multifamily investment professionals, the company attracted a number of prominent clients in many major metropolitan areas.
In the first three months of 2015, the firm’s new brokerage clients included the multifamily teams at CBRE’s Oakland office, Jones Lang LaSalle’s San Diego office, Triad Real Estate Partners, and Stream Realty Partners. ResiModel also signed numerous leading property owners, including The Milestone Group, Redwood Capital Group, Buckingham Companies, Blue Ocean Realty and Simpson Housing.
“With our platform addressing a major pain point in the multifamily industry and bringing sorely needed analytics to the space, we’re seeing an increased number of market leaders adopting our software solution,” said ResiModel CEO Elliot Vermes, who previously worked on both the buy and sell sides of real estate investment at JP Morgan and Citigroup. “In the past several months, our sales have increased by approximately 70 percent, and we’ve had an excellent renewal rate, with nearly all of our expiring customers re-upping with ResiModel.”
Operating in the massive multifamily transaction market, which last year counted approximately $250 billion in transactions in the United States alone, ResiModel allows buyers, sellers, brokers and lenders to make better investment decisions and allocate their analysts’ time more effectively. In addition to eliminating the countless hours required to process rent roll data, ResiModel’s interactive charts and graphs provide a unique insight into a property's performance, making trends easily digestible. By standardizing all of the operating data clients receive from disparate sources, ResiModel enables clients to slice and dice the data in ways that they are currently unable to do on their own.
“ResiModel saves us a lot of time,” said Preston Harrell, an analyst at JLL Texas. “When working with high deal volume, it is important for us to be able to give every deal the meticulous attention it requires. ResiModel helps us do so by taking a large portion of data entry out of the equation.”
ResiModel recently released an updated version of the platform, offering new data visualization features and improved syncing of data, which allows users to pull updated floor plan data and historical operating statements directly into the Excel file that they are currently working on.
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 and Cushman & Wakefield, along with a number of premier multifamily investors such as Carmel Partners and Alliance Residential Company. To date, users have input more than 2,500 multifamily transactions into the platform.
Launched in 2013, ResiModel, Inc. is the only deal management, analytics and valuation platform specifically designed to improve the underwriting process for multifamily transactions. The powerful, yet-easy-to-use platform enables brokers to more efficiently extract and share detailed, instantly usable property data, and empowers buyers and sellers to make better decisions. For more information, visit ResiModel.com.