RealWorld Presentation on Profitable Real Estate Investing: It’s All There in the Data

More and more, said RealPage SVP of Investment Management Damien Georges in his RealWorld presentation, the winners in real estate investing will be those with comprehensive, near real-time portfolio and market data at their fingertips. The losers will be left behind trying to wrangle data from disparate people, spreadsheets and software solutions and put it into an actionable form. He said this goes for both portfolio managers making strategic decisions and asset managers on the operational side. “Experience, intelligence and intuition count, but they’re just not enough anymore,” Georges said in recapping his session. “These days there’s such great data available. Much of it is sitting there in your software systems, waiting to be exploited. And some of it is external data ready to be imported. Those who are able to leverage this data are more adept at identifying opportunities, revealing and mitigating risks and delivering superior results.” Real estate investment management firms unable to easily access the data they need in one place, in a clearly comprehensible form, are beginning to be left behind, says Georges. That’s because they’re caught up in pulling together data while investment executives with a modern data platform are able to spend their time actually weighing opportunities and risks. By the time they do have the data they need, it’s often aged, Georges noted, limiting their agility. Pulling it all together In presenting the new RealPage Investment Management platform, Georges pointed to its unique consolidation of the following functions: Asset and portfolio management Financial modeling Information management Investment accounting Investor management and reporting Market data and benchmarking The platform integrates solutions that investors have relied on for years, such as IMS, AIM, FUEL and KPI for IMS, along with RealPage’s investment accounting and market analytics tech...