HOUSTON--RealNex, the real estate technology solutions company formed by Pavonis Group, has acquired the online portal and app Ten Eight, a deal automation and management solution for brokers and landlords. Ten Eight joins REA, REI Wise and Property Line to further boost RealNex's suite of product offerings.
"Ten Eight changes the time-consuming process of running deals and tracking the leasing activity of a broker's listings by automating much of the mandate processes involved in both,” said Patrick Braswell, CEO of Ten Eight, to GlobeSt.com. “Essentially, it gives commercial real estate professionals time back to get in front of more deals, therefore closing more transactions."
The online portal allows all parties involved in a transaction to efficiently share communications, eliminating the need for any other type of correspondence. The platform stores information to be accessed online anywhere at any time.
“Bringing Ten Eight to RealNex allows us to further diversify our platform and better serve the commercial real estate community. It provides a state-of-the-art solution that will drive efficiency to the entire transaction process for tenants, brokers and landlords alike,” said Jeff Finn, partner with Pavonis Group, and CEO of RealNex.
Ten Eight also brings unique features to the RealNex. It provides lease-tracking solutions and an automated property index that allows landlords to track and share leases and view any activity in real time through organized floor plans by square footage. Ten Eight's “tourbook” app allows brokers to share listings, images and leasing documents on or offsite that can easily be displayed on all mobile devices. It also automates a property index and offers an interactive map to best visualize the property and surrounding location.
“We at Ten Eight are thrilled to become part of RealNex and welcome the opportunity to participate in a suite of companies providing better solutions to the commercial real estate community. It's incredible what technology can do to make processes easier and more streamlined,” said Braswell. “While we are a real estate tech startup, in existence for over two years, our team has over 10 years of brokerage experience. It's a significant step for us to be able to take our product to another level with Pavonis Group's insight and expertise.”
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