Tue, Sep 27, 2022 8:02 AM
NEW YORK--(BUSINESS WIRE)--Sep 27, 2022--
Cherre, the leading data integration and insights platform, today announced a brand new data partnership with Dealpath, the industry’s most trusted, purpose-built real estate platform, empowering hundreds of today’s leading institutions such as Blackstone, AEW, Oxford Properties, Nuveen, Principal Real Estate, and Bridge Investment Group to invest digitally in the built world. This news comes on the heels of Dealpath’s momentous $43M Series C round led by Morgan Stanley Expansion Capital with participation from key existing investors including Blackstone, 8VC, JLL, Nasdaq Ventures, and GreenSoil PropTech Ventures.
"Understanding granular details associated with investment pipeline and portfolio analytics is critical for institutional investors to deliver optimal, risk-adjusted returns," said L.D. Salmanson, CEO & Co-Founder, Cherre. "Integrating Dealpath’s unmatched investment pipeline as well as portfolio management data into Cherre enables mutual customers to maximize the information edge and glean critical data driven insights."
Through this collaboration, top CRE investment management firms leveraging Dealpath will be able to pull their pipeline and deals data into Cherre’s market-leading platform. This will enable deeper visibility and insights that drive core investment strategies, underwriting and performance. As the integration continues to evolve, shared customers will be able to access property, market, and other important contextual data about assets in the acquisition pipeline.
Cherre's award-winning platform seamlessly connects disparate real estate data, enabling its customers to automate workflows, in addition to building out predictive analytics. With Cherre, customers can evaluate opportunities and trends faster as well as more accurately, while saving millions of dollars within the manual data collection and analytics costs.
“Dealpath couldn’t be more excited to partner with Cherre to enable the industry to best leverage data that powers more informed and accurate investment and underwriting decisions,” said Mike Sroka, CEO and Co-Founder, Dealpath. “Our team designed Dealpath as an open platform that easily interacts and integrates with other key market-leading digital tools in today’s modern real estate tech stack. Cherre was a given. Our customers will be able to connect real-time deal pipeline and portfolio data with critical public, private & data to gain deeper insight.”
From pipeline through portfolio management, Dealpath serves as the investment command center, the single source of truth that provides vetted, real-time deal information, together with associated files and tasks, fueling data-driven analysis as well as decisions to achieve optimal, risk-adjusted returns. To date, Dealpath has supported more than $10T in transactions globally. Safeguarded with an institutional-level security— in compliance with SOC 2 Type 2 —Dealpath enables investment managers to operate at scale with speed and precision by providing easy access to data and effective internal and external collaboration across teams, partners, and vendors. With off-the-shelf efficiency and ease-of-use it enables cross-functional teams to engage seamlessly with centralized data that updates in real-time from anywhere, flexible in configurability to meet your preferences.
“It is great to see two leading CRE vendors come together to deliver cohesive digital platforms to the commercial real estate industry. We need more partnerships like this between top solution providers to continue to advance the conversation and innovation in our industry,” said Naseem Wenzel, Executive Director and Head of Real Assets North America at Lionpoint Group LLC, a global consulting firm to the alternative investments industry that has worked closely with both Dealpath and Cherre on data integrations.
ABOUT CHERRE:Cherre provides investors, insurers, real estate advisors, and other large enterprises with a platform to collect, resolve, and augment real estate data from hundreds of thousands of public, private, and internal sources. By providing a unique "single source of truth," Cherre empowers customers to evaluate opportunities and trends faster and more accurately, while saving millions of dollars in manual data collection and analytics costs. Cherre launched in 2016 and is located in New York City.
ABOUT DEALPATH:Dealpath is real estate’s most trusted cloud-based investment management platform, providing real-time access to vetted, secure and up-to-date investment data to empower collaboration, strategic and predictive decisions. Investment as well as development firms leverage Dealpath as their command center for smart pipeline tracking, powerful deal analytics and collaborative workflows, driving maximum performance from pipeline through portfolio management. Founded in 2014, Dealpath’s supported over $10 trillion in transactions with leading institutions across the globe. For more information – visit our site at www.dealpath.com and follow us on LinkedIn.
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PUB: 09/27/2022 09:00 AM/DISC: 09/27/2022 09:02 AM