Real Estate Asset Management

Below are a series of articles about real estate asset management.

Basis Investment Group, Pereview Software announce strategic partnership

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Pereview Software has announced a new strategic partnership with Basis Investment Group, a New York City-based commercial real estate debt and equity investment platform.

Pereview is the fastest-growing provider of asset management software and portfolio analytics to the global real estate industry. By aggregating, integrating, and interpreting data from across the entire Life of the Asset® into an all-in-one platform, Pereview delivers actionable insights at every step of the investment lifecycle.

“We needed a software platform to integrate our diversified investment portfolios” said Tammy K. Jones, the founder and CEO of Basis Investment Group. “We researched many of the commercial real estate software providers. Pereview stood out because of its commitment to work with us to customize a system with the focus on both debt and equity as an investment.

“We look forward to a long-standing partnership with Pereview.”

Pereview’s existing software products offer a model for Basis to integrate asset-level information from its diversified investment portfolio into a single system. The debt expertise of the Basis investment team will enhance Pereview’s existing experience and facilitate the build out of Pereview’s new debt-as-an-asset software.

“Basis needed a software platform to help manage all of their data related to the diversified CRE debt investments they originate and acquire,” said Jeff Wilson, Founder and CEO of Pereview Software. “We are proud that they have chosen Pereview, and we’re excited to expand what will be the industry’s strongest all-in-one platform for both equity and debt.”

Through this strategic partnership, Basis will put in place a software system that will improve its ability to manage its investment portfolio and communicate more effectively with its investors. In turn, Pereview will gain access to new clients now that its software system is available to debt funds.

Founded in 2009, Basis is a diversified national investment platform with a focus on U.S. middle markets. They invest and lend debt and equity across the capital stack, working with Sovereign Wealth Funds and some of the country’s largest pension funds and family offices. Basis has successfully closed over $4 billion in transactions across multiple strategies and asset classes since its founding. They manage a series of Separate Accounts, Joint Ventures and Funds and serve as a Seller/Servicer with Freddie Mac for both small-business and conventional loans.

RealOp Investments selects Pereview as its new asset management solution

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GREENVILLE, S.C. –  Commercial real estate and private equity investment firm RealOp Investments has chosen Pereview Software by Saxony Partners to support its growing portfolio.

With more than 50 assets and 340 tenants in five states, RealOp Investments in one of the fastest-growing real estate investment companies in the Southeast.  It’s mission is to offer a different model for investors looking to expand their real estate portfolios, said Paul Sparks, Executive Chairman of RealOp Investmemts.

“One of the biggest challenges for any growing company – is gathering and organizing data from various operating and database systems in an efficient manner.” Sparks said. “Pereview streamlines the process and provides access to our investment data and risk metrics in real-time.”

Sparks said speed and accuracy are what helps differentiate the Pereview platform, and why RealOp decided to implement it. “It gives us a centralized repository of all of our data with a strong data analytics platform to make data-driven decisions across the board and drive value for investors,” he said.

Pereview is the only all-in-one asset management platform that manages all of a client’s data across the entire asset lifecycle. By aggregating, integrating, and interpreting internal and external disparate data into a single source of truth, Pereview provides actionable insights while delivering unparalleled reporting and analytics capabilities.

Bo Hamrick, Business Development Executive for Pereview, said they will integrate the Pereview platform with RealOp’s accounting and investment management solution as well as connect to RealOp’s valuation and underwriting Excel models to capture all data in their ecosystem.

“We couldn’t be more excited to be partnering with such a strong team of real estate visionaries that embrace the value of data and how they can continue growing their business with it,”  he said. “Having all of their data in one place will allow the RealOp transactions team, asset management team, accounting teams and senior leadership to make strategic business decisions based on clean and accurate data through the entire life of the asset.”

PCCP, LLC selects Pereview as their new all-in-one asset management platform

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PCCP, LLC, a Los Angeles-based commercial real estate firm, has chosen Pereview Software by Saxony Partners to support their growing Real Estate portfolio.

“We have been using numerous software solutions for years,” said Mike Hoyt, senior vice president at PCCP. “But our asset management, transactions and finance teams simply needed more. We were tired of siloed data across our portfolio of owned assets.”

Pereview is the only all-in-one asset management platform that manages all of your data across the entire Life of the Asset™. By aggregating, integrating, and interpreting your internal and external disparate data into a single source of truth, Pereview provides actionable insights into every step of the investment lifecycle.

According to Hoyt, PCCP’s large portfolio and diverse asset mix translates to lots of operating partners – not to mention, lots of data. Investing nationally across the spectrum of risk from Core-plus to Opportunistic, and analyzing both debt and equity transactions, PCCP has accumulated a significant amount of data. While PCCP’s current mix of database systems is utilized to help inform decisions and manage the portfolio, the scale of the information and growth of the portfolio required something different. In the current environment, even simple inquiries like occupancy reports required hunting through various databases to consolidate actuals and projections across multiple asset classes. Pereview simplifies the process and ensures clean consistent data.

PCCP, LLC is Pereview's newest client
Pereview welcomes another new client, PCCP LLC.

“With the Pereview platform, we will drive decision-making on our trusted data faster than before all while being supported by a team of industry professionals who understand our business firsthand. We are excited about our ability to continue to grow and utilize our data in a true business intelligence system” Hoyt said.

“We are very proud to be aligning with PCCP and to play a role in their continuing success” said Daryl Pitts, senior vice president of sales for Pereview at Saxony Partners. “After using a competitor solution for three years, PCCP simply needed more and we are honored that they determined Pereview was the platform they had been hoping to someday find.”

“We look forward to exceeding all expectations in delivering powerful software and world class support that helps PCCP continue to be among the best at what they do, seeking to generate quality returns and yields for their investors.”

PCCP will leverage Pereview’s expert integrations with other internal, third-party licensed, and operating partner property level data sources (as well as Excel models) in order to capture all data in their ecosystem. This will support PCCP’s mission to be the most credible investor and trusted advisor in the real estate investment management industry.

For more information, follow us on LinkedIn, or call (704) 621-0821.

Pereview Software introduces Pegasus, a fully customizable asset management software solution

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Pereview Software by Saxony Partners announces Pegasus, a new offering designed to serve the unique needs of global, top-tier real estate investment management companies.

Pegasus is a fully customizable version of Pereview, which is the first and only software solution to manage the entire Life of the Asset™. It was created with global real estate investment companies in mind. These companies need technology solutions that align and conform with their preferred business practices, not the other way around.

 

Pereview Pegasus logo
Introducing Pereview Pegasus, an asset management platform designed specifically for large, global real estate firms.

“These global firms should not have to change the way they do business to adapt to technology,” said Jeff Wilson, CEO and Founder of Saxony Partners and Pereview Software. “Rather, good technology should support your unique business approach.”

The fastest-growing firm of its kind, Pereview was built by real estate professionals for the real estate investment management community. It supports front office business functions and tracks data from acquisitions to dispositions, from the fund level to the tenant level.

Pegasus is the only solution that enables investment management firms to create a strategic advantage through technology without having to build a custom platform from scratch, saving them the exorbitant costs (time and money) associated with building these platforms.

“You begin with the existing 80 to 90 percent functionality that Pereview offers in its standard format, then you have the ability to go all the way to 100 percent in the form of complete customization,” said Daryl Pitts, Senior Vice President of Sales for Pereview. “With Pegasus, you will get value from your technology investment quicker, and you’ll be able to leverage your data more effectively.”

As part of the Pereview Pegasus package, clients will get a 100 percent dedicated support team devoted solely to their company. This is a support team made up of real estate industry and technology professionals that understands global real estate clients’ proprietary business needs.
In addition, Pereview is compliant with all domestic and global data laws and regulations, such as California’s new CCPA and the European Union’s GDPR.

To inquire about Pegasus, or to arrange for a demo of Pegasus or Pereview, please click here to contact Daryl Pitts.

Be Vaporwar-y: When choosing commercial real estate software, beware of Frankenstein

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Vaporware, Frankenstein, Whac-A-Mole – Three reasons why you should always do your due diligence before investing in commercial real estate asset management software.  

 

You’ve heard about vaporware – software that is pitched as a completed platform, but is still missing critical components or is in a nascent beta stage?  

Well, have you heard about Frankenstein Software? Have you played Vaporware Whac-A-Mole? 

A few months ago, our own Daryl Pitts posted about Frankenstein software on LinkedIn, and his post got some traction among commercial real estate asset managers. So, we figured it would be prudent to dive a little deeper into this topic.   

Frankenstein software is what happens when firms take existing pieces of software or functionality, stitch them together, and pitch it as a brand-new product. Think of it as a form of vaporware – it exists, but it exists as a collection of ill-matched components.  

When the components don’t play well with each other, then you’re playing Whac-A-Mole. Problems are popping up like mechanical gophers, and you and your IT team are wasting time and money trying to smack them down. 

There is a way to avoid both vaporware and Frankenstein software – and that’s by selecting a proven commercial real estate asset management software solution. (Doing so means you won’t be wasting time playing Whac-A-Mole.) 

“Pereview is an all-your-data-in-one-place solution,” says Jeff Wilson, the Founder and CEO of Saxony Partners, which owns Pereview. “We’re a company that was born out of the industry, by industry professionals, with the mission of solving these industry problems.” 

Pereview integrates all your data into a Single Source of Truth, allowing for push-button reporting, customized dashboards, and standard workflows and guidelines for asset and data management. With Pereview, you can manage your assets at every stage of the lifecycle, from acquisition to disposition and everything in between.  

Let’s chat about how you can do more with your data. Schedule a demo and interact with the software directly, then chat with our clients to confirm that, far from vaporware, Pereview is the only all-in-one solution you need for commercial real estate asset management.