DALLAS—Every year, $15 trillion worth of commercial real estate deals are carried out in the U.S. alone. In spite of this, the industry has been notoriously slow to create and adopt technology to streamline how it manages this tremendous flow of transactions.
At Fort Capital, and at many other growing development firms, rising deal volume can easily reach a critical mass that limits the ability to execute. The development process is time-consuming and labor-intensive, and there is a growing consensus that legacy tools aren't enough anymore to address the accelerating rate of change in the business environment. The real estate industry as a whole is increasingly searching for specialized software services to scale their operations and streamline the investment process.
The issue with “legacy tools” like Excel or Word is that they are hosted locally on individual computers and servers. This makes collaboration, version control, and transparency constant issues. More modern solutions like Trello (a card-based project management tool) or cloud-based spreadsheets — while great tool — are general business software instead of purpose-built real estate software.
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