SOURCE: VTS

VTS

May 19, 2016 09:00 ET

VTS Announces First Retail-Specific Leasing and Asset Management Software

New Software Drives Efficiency and Profitability for Retail Owners and Brokers

NEW YORK, NY--(Marketwired - May 19, 2016) -  VTS, the industry's leading leasing and asset management platform, today announced VTS Retail, the first retail-specific leasing and asset management software in the market. Tailored to the needs of retail landlords and brokers, VTS Retail helps users streamline workflows through interactive site plans, tenant sales tracking, pipeline management, and asset health ratios. This is VTS's first major product announcement since the company raised its $55 million in series C funding round.

According to Real Capital Analytics, the retail market accounted for 17% of the total sales in Q1 of 2016 for the commercial real estate market; however, no technology platform efficiently supports the needs of owners and brokers within the asset class. With different workflows, building and space compositions, and tenant characteristics, the retail sector requires a platform catered to its unique needs. VTS Retail is the first leasing and asset management platform in the market specifically designed for retail owners and brokers.

"Across the commercial real estate industry, owners, brokers, and asset managers are turning to technology to get ahead in the marketplace. But without leasing and asset management software suited to the needs of retail owners and brokers, the retail asset class is underserved," said Nick Romito, co-founder and CEO, VTS. "We're excited to bring the first retail-specific leasing and asset management solution to the market. With VTS Retail, we're expanding into the retail sector, making VTS the single industry-wide platform for retail, office and industrial asset classes."

VTS Retail includes several features tailored to the needs of retail landlords and brokers, including:

  • Interactive site plans that automatically update as changes are made to site plans, so users always have an accurate view of their spaces
  • Real-time deal analysis to empower users with the data and models they need to avoid risky deals
  • Tenant health metrics that help users quickly identify underperforming tenants

For a complete demo of VTS Retail, visit the VTS booth (N1771) at ICSC's RECON 2016, May 22 - 25, in Las Vegas, Nevada or go to vts.com/retail.

About VTS
VTS is the world's leading leasing and asset management platform built to provide real-time portfolio analytics to the top landlords and brokerage firms in the world. VTS allows brokers and owners to manage deal activity, identify trends and quantify portfolio performance from their desktop or mobile device. With over 2.7 billion square feet under management, VTS is the driving force behind the industry's shift towards real-time data and is quickly becoming the market standard. For more information, visit vts.com.