The Honest Buildings network enables building owners to connect with brokers, service providers, architects, lenders and tenants. The firm gets its data by sweeping public records for base
layers of building information and builds maps for context. Service providers and building owners also have the ability to upload details on projects and available opportunities.
In launching Honest Buildings in 2012, CEO Riggs Kubiak and product head Geoffrey Lewis
sought to create capital planning and project management software specifically aimed to real
estate owners. Companies such as Oxford, SL Green, Brookfield, Hines, Invesco and Beacon
Capital Partners and JBG Smith uses Honest Buildings’ products and services to increase transparency into project management processes, aggregate data to better estimate future costs and
subsequently reduce the time needed to complete projects.
In tandem with a multitude of industry awards the Honest Buildings team received in 2018,
the company posted record growth. It closed a Series B funding round with $30 million from a
strategic group of investors, bringing the total capital raised by Honest Buildings to $50 million. Those funds helped the
company grow by over 1,000% in 24 months to more than $16 billion in project volume today. Additionally, it introduced
two-way integration with MRI Software as well as a new Capital Planning platform that allows for real-time collaboration.
Those advancements, combined with a slew urge in new clients, also drove the expansion of Honest Buildings’ C-suite.
Newly named chief revenue officer Amy Pisano chief technical officer Bill Hazard join the existing leadership team of
Kubiak, Lewis, Crystal Proenza, chief brand and performance officer, and general counsel Michael Jacobson.
San Francisco-based Dealpath is a cloud-based CRE deal management platform for real
estate investment and development teams. Founded in 2014 by Kenter Wu, Andy Lee and
CEO Mike Sroka (who has served stints at Fanhood and Zynga), Dealpath is backed by some
top venture capital firms and strategic investors, including 8VC, LeFrak, Bechtel and, most
recently, JLL Spark.
Dealpath seeks to eliminate manual and repetitive tasks with a menu of collaboration tools,
workflow automation, reporting, pipeline tracking and visualized deal analytics. To date, the
platform has hosted more than $1 trillion in transactions, representing a 100% increase since
May 2018. Further, the risk-adjusted ROI on its deals averages 475%. Most recently, company
also expanded its footprint from its West Coast roots, opening a New York City office to service
its growing customer base, and made several important upgrades to its platform.
DealPath can integrate with other industry platforms like CompStak, and has native integrations with Dropbox, Google Maps/Street View and Microsoft Azure. According to JLL Spark, DealPath customers
have been able to reduced due diligence and underwriting errors by as much as 18% through improved communication, centralized information and process standardization. By automatically collecting and formatting data into custom
real estate templates, users reduce deal turnaround time by an average of 87%.
According to Chris Atkinson, Investor Management Services was launched in response to a
void in the market that was causing inefficiencies and pain points for private equity real estate
firms. Namely, sponsors and owners were spending far too much time on non-core activities
such as distribution calculations, cash and document management, and investor relations and
So when IMS was introduced to the market in 2015, the all-in-one platform soon became a
game changer in the investment management software space. For instance, it developed the
industry’s first cash flow model to calculate complex investor waterfall distributions. The platform also includes a customizable investor dashboard and CRM, investor statements and document management and sharing. Investors have 24/7 access to key documents and the history
of their CRE investments on a mobile-friendly platform.
In its first three years, IMS grew to more than 350 clients and 43,000 investors, and seen
revenue growth triple year over year. Atkinson, who joined the Charlotte, NC-based company as CEO in 2017 after spending 20 years in the operational software space, is committed to further driving IMS’ growth and market-leading position.
His efforts have not been in vain; IMS received three “Best Place to Work” awards in 2018 and grew its headcount to
75 full-time staffers. The company continues to see double- and triple-digit annual increases in investor adoption, distributions and investor communications. IMS also doubled its Net Promoter Score to earn industry-leading marks in customer experience and satisfaction. According to IMS, its customers see a 544% increase in productivity, saving 1,181
hours annually—that’s the equivalent of more than 147 work days, or 22 hours per week.