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. 

Be Vaporwar-y: What are the business costs of vaporware for commercial real estate asset managers?

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There are a multitude of risks – professional and personal – that come from investing in a software solution that’s more marketing hype than tangible deliverable. Let’s examine how vaporware can negatively impact commercial real estate firms.  

Are you familiar with vaporware? Vaporware is sort of a software bait-and-switch; it’s a little more virtual than reality.  

“Vaporware is software that’s hosted on PowerPoint, says Derek Thornhill, Executive Director of Pereview Software. “It is an illusion created by sales, allowing them to fake it until they create it.” 

The risks for investing in a software that’s mostly hype should be obvious. 

“With vaporware, you can expect failed implementations,” says Daryl Pitts, Pereview’s SVP of Sales. “It depends on what part of the software is still conceptual. If it’s the database, then functionality around having all of your data in one place never materializes. If there’s a lack of system integration, then good luck pulling in disparate systems, existing models, and so forth.” 

In short – a loss of time and money, with nothing to show for it. And that leads to one of the biggest risks of all – the damage to your reputation.  

“It’s not just the risk with buying something that doesn’t exist or the risk that you impose on your company, right,” Pitts says. “It’s also how this reflects on you. You were the project champion, you suggested that the company buy this product, and you signed the contract. And then you have to explain that it failed because you did not do your due diligence in the buying process? Yikes.” 

“The question you need to ask yourself before committing to a commercial real estate software solution: “Are you willing to state your reputation – or your job – on this product decision? Because these types of projects are how you will be remembered at your company.”  

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The easy way to put your mind at ease is to invest in a proven, Life of the Asset™ solution for commercial real estate asset management.  

Pereview Software allows you to manage the entire lifecycle of an asset from acquisition to disposition. Built by real estate professionals for the real estate industry, Pereview integrates siloed systems and processes, allows for push-button reporting, provides customized dashboards, and establishes standard workflows and guidelines for asset and data management. 

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. 

Be Vaporwar-y: Concerned about vaporware? Here’s how to spot inadequate commercial real estate software

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Here are three simple ways to avoid being sold vaporware when shopping for commercial real estate asset management software.  

If your firm is in the market for commercial real estate asset management software, then you should beware of vaporware.  

Vaporware is software that’s marketed as a finished product but in reality exists only on paper or in an incomplete beta state. Investing in vaporware can have significant negative repercussions, not the least of which that the software you’ve purchased is not adequate to your needs.  

What can you do to ensure that you don’t invest in a vaporware platform? Here are three easy ways.  

Ask lots of questions  

“Educated buyers need to ask questions,” says Daryl Pitts of Pereview Software.  

Take the advice of innumerable journalists and detectives before you and ask as many educated questions as you can. Here are some must-asks: 

  • How long has this platform been in production? 
  • What version of this are you on? 
  • Who else is using this? 
  • If I were to talk to one of your current users, would they agree with your sales pitch? 

Vaporware won’t hold up to scrutiny. If you feel like you’re not getting adequate answers to your questions, then how can you feel confident that your investment in the product is worthwhile?   

By the way, those final two questions are a perfect segue to our next tip… 

Ask the clients 

The best advertisement is a referral – and the best way to determine whether or not a product meets expectations is to ask someone who’s already using it.   

(Warning: If the product has no current clients – or if the company tries to dissuade you from talking to their clients – that signals some clear and present danger.) 

“My preferred way of spotting vaporware is by talking to someone who actually uses the product,” says Pereview’s Derek Thornhill. “If no one is using it, then, you can start to ask why. Unless they have a great answer, things should begin to break down.” 

DIY demo 

No software should ever be purchased sans demo. But the best way to leverage the demo to your advantage – and potentially spot vaporware in the process – is to be interactive.    

“There are three words that are key to a demo: ‘Let me drive,’” Pitts says. “Tell them: ‘Close every window, log-out, and let me try and do exactly what you just showed me. Look over my shoulder, tell me where to point and click – but let me try it out.’”  

At Pereview, we call this a conference room pilot. We’ll show you Pereview’s functionality, and then we let you conduct your own test drive. You get in the driver’s seat and point-and-click, yourself. That will absolutely help you determine what’s vaporware and what isn’t.” 

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You need a dependable asset management software solution, one that manages every step of the asset lifecycle, from acquisition to disposition. Pereview is the only Life of the Asset™ solution on the market today. 

Built by real estate professionals for the real estate industry, Pereview integrates all your data into a Single Source of Truth, allows for push-button reporting, provides customized dashboards, and establishes standard workflows and guidelines for asset and data management. 

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.