Rockport VAL’s CRO, Brian Mascis, joined commercial real estate decision makers at the recent DisruptCRE conference in NYC to discuss how CRE professionals are using data and how that data is changing the industry. DisruptCRE events are designed to introduce and educate new CRE technologies and trends to real estate professionals.
Brian was joined by the co-founder and CEO of CompStak, Michael Mandel, Vice President of Brookfield Properties, Kent Tarrach, and Director of Moody’s Analytics Accelerator, Harry Blanchard and discussed how new technologies provide an alternative to old methods and improve the commercial real estate market’s ability to make accurate and informed decisions.
Topics discussed by DisruptCRE panel include:
Data has always been key to evaluating real estate, but up until recently the only options available to the commercial real estate industry were old and out of date. Brian explains, “These larger organizations have lots of data and trying to locate it to make informed executive decisions is critical, and that’s what we’re here to provide.”
VAL’s web-based, analytical commercial real estate valuation tools are moving the CRE industry away from older methods, where data sets are coming from a variety of different sources, and into a central database accessible by VAL’s technologically advanced platform. Rockport VAL allows brokers, lenders, and appraisers the ability to access homogenizing the data and offers commercial real estate organizations a more efficient way to make informed, accurate decisions.
The commercial real estate market has been working with data in the same way for over 20 years, using Excel spreadsheets to calculate and analyze complicated real estate valuations.
Brian expressed, “… there’s efficiencies to be gained and a better process overall to make better informed decisions quicker and faster.” VAL’s cloud-based valuation tools enable CRE professionals to collaborate and share data seamlessly with colleagues and clients.
Brian spoke about some of the challenges facing Rockport VAL as they disrupt the marketplace and introduce a more transparent process to cash flow modeling and valuation. Brian, like many innovators in the commercial real estate technology space, believe that applications with open architecture, transparency, and interconnectivity will make the industry stronger and, with a little bit of education, become a welcomed alternative to what already exists.
Brian and the panelists all shared that they believe technologically advanced platforms and API are the future of commercial real estate modeling and valuations. Collaboration is at the root to the success and advancement of VAL and technologies like it. Brian says, “for us it’s maintaining and keeping focus on what it is that the market really needs. We speak with a lot of different potential partners about different things.”