portfolio. Further transforming portfolios through intelligent datamanagement and analytics, the company streamlines operationsand property data to deliver accessible and actionable insights toclients.
Logical Buildings has emerged as a premier energy technologyplatform within the building energy management environment.Providing property owners and managers with real-time, data-driven insight and perspective guidance as a Prop Tech solution,the platform empowers and equips building staff with actionableinsights to optimize energy utilization, boost revenues andimprove building systems. The company’s hardware-agnostic andcustomizable, SmartKit AI software platform and app offers a simplified interface for owners and managers to implement cost-saving decisions and proactively run building systems by unifyingmonitoring and control of energy-consuming equipment. In2019, the platform launched a first-of-its-kind tool, EnergyProcurement Advisory eXchange, which breaks down energy market data from thousands of utility accounts and smart meters anduses machine learning and predictive analytics to forecast energyconsumption; allowing landlords to mitigate energy price riskwithout paying broker fees. The company also recently establisheda partnership with one of the largest power and gas providers,which integrated Logical Buildings’ software into its offerings toprovide property managers with a powerful data platform. LogicalBuildings currently has 300 buildings in its portfolio, and it continues to play a vital role in the future of real estate energy use andbroader energy operations.
Recognizing that commercial real estate was lagging behind otherindustries in its use of automation, data analytics and proactiveinsights, Northspyre was founded in 2017 with the vision to introduce innovations and address traditional challenges faced by project delivery teams. Built for owners, developers, project management firms and internal real estate teams, Northspyre serves as acollaborative digital solution, which provides real-time informationand access to smartly indexed data; eliminating dependence onerror-prone spreadsheets and outdated legacy applications.Allowing project delivery professionals to achieve consistent, predictable outcomes, Northspyre aims to upend the status quo andrepresents the only intelligence software, purpose-built for realestate professionals. Through its tailor-made software, real estateteams are able to build credible forecasts, ensure delivery time-lines, track costs, and review and approve proposals, contracts andinvoices. Allowing professionals to experience further control andvisibility into their projects, the platform automates tedious tasksand has proven to save teams at least 2% in overall project costs andup to 30% in staffing hours. Since the platform’s launch, it hasfacilitated more than $15 billion in customer projects spanning allasset classes. Northspyre is additionally experiencing its highest-ever user engagement this year.
Aware of the challenges that prevent technology solutions from
gaining traction within the industry, RET Ventures was established
to create an improved process as a pioneering venture capital firm
focused solely on bringing cutting-edge Prop Tech solutions to the
real estate market. Striving to drive innovation and improve tech-
nology in the single-family rental and multifamily sectors, the firm
brings on real estate companies as strategic partners, rather than
raising capital from financial investors. Through its unique
approach, RET Ventures constantly assesses early-stage start-up
technology companies and their ability to add value and alleviate
pain points for owners and operators. Identifying and investing in
technologies that will benefit the space, RET Ventures then
remains heavily involved in guiding each company’s growth by
leveraging its own collective experience to direct start-ups, beyond
financial investment, to help them scale. The firm’s 36 strategic
partners also provide great value in nurturing the fledging technol-
ogy companies by serving as development partners; helping refine
products to meet industry needs. Founded in 2017, RET Ventures
has invested in 15 real estate-focused technologies to-date, each of
which improve operations and offer convenience to professionals
ROBOTIC PARKING SYSTEMS INC.
Recognizing the notion that available parking space can define acommercial real estate project’s success or failure, Robotic ParkingSystems Inc. launched to efficiently reduce parking space and allowfor greater development capacity and added revenues. In 1994, thecompany coined the term “robotic parking” to describe its patented automated lift and run parking technology. The company’stechnology compresses up to three times the amount of parkingspaces in the same size as a typical concrete parking ramp by utilizing simultaneously operating robots for parking. As no individualsenter the parking garages, and as no cars run in the parkinggarages, Robotic Parking Systems greatly increases safety and eliminates major carbon dioxide and carbon monoxide emissions.While offerings a premium valet experience, the system additionally offers financial benefits for commercial properties by featuringnumerous cameras for reduced insurance costs, and by utilizing anapp for contactless parking and current health concerns.Considering the many factors that impact commercial real estateproperties, the company has incorporated a strategy which assessesconnectivity software, autonomous driving, car sharing servicesand car charging stations. Leading the integration of emergingtransportation technologies, the company continues to providemajor advantages to commercial real estate properties.
Founder and CEO, Laura Krashakova set out to disrupt the commercial real estate financing and investment world by launchingSpaceQuant in 2015. Developing the first AI-powered automationand decision platform to value, underwrite and track the performance of commercial real estate, SpaceQuant offers a data processing solution through the use of automated analysis, AI, algorithmsand natural language processing. Remaining at the forefront of theinvestment lifecycle revolution, SpaceQuant’s software deliversaccurate real-time results and proactive solutions for lenders, servicers and borrowers to benefit from. With access to detailed property data three months prior the rest of the market, and with assistance in underwriting, lending and servicing, SpaceQuant usersreport a significant reduction in time spent on analyses; resultingin corresponding cost reductions. Eliminating human error andenabling faster, smarter decision-making, SpaceQuant’s intelligentautomation continues to target the industry’s core problems.Within three years, SpaceQuant cultivated an impressive roster ofclients, including top-tier players and Fortune 500 companies. Thecompany has continued to see strong growth and expansionsthroughout the pandemic.