DOYLESTOWN, PAS—Powerlytics, a “big data” provider of financial insights and analytics into 144 million households and 27 million businesses, has licensed its data to (RE)meter, an automated lease underwriting tool created by commercial real estate veterans Scott Openlander and Jack Buck.
(Re)meter has chosen Powerlytics market intelligence platform as the data feed for its innovative new software. (RE)meter will use Powerlytics' proprietary market intelligence as a key input to their risk reports on prospective tenants for owners and operators of commercial real estate.
“We have a proprietary database that includes financial information on all households and businesses in the United States,” Kevin Sheetz, CEO and co-founder of Powerlytics, told GlobeSt.com exclusively. “We have a series of products and platforms that can be used to help score and rank and understand industry sectors, geographic sectors, consumer health, and things of that sort.”
“The contract with (RE)meter illustrates the versatility of our platform,” says Sheetz. “With our proprietary market intelligence feeding the (RE)meter analytics engine, we understand what's the norm for companies in that area, what the risk profiles are, how the industry's been growing, financial performance and risk characteristics. So it's really a benchmarking of that specific company against its peer group. (RE)meter can offer their customers an almost instantaneous benchmark on which to build a personalized risk profile of the prospective tenant. This both improves the accuracy and speeds the process by which commercial real estate owners and operators negotiate prospectively high-value, long-term commercial real estate leases.”
As the initial step in a three-step process, utilizing the Powerlytics market intelligence platform, (RE)meter can generate a tenant benchmark report based solely on the location of the property for lease and the tenant industry type, to build a personalized risk profile for the tenant.
“Our combination of accurate government data and real time results makes (RE)meter the most powerful tool to gauge a potential tenant's stability, and Powerlytics' market intelligence platform is an important element of our formula. The insights Powerlytics can provide are superior in the big data arena,” says Openlander of (RE)meter.
You can hear more from our conversation with Kevin Sheetz of Powerlytics in the StateBroadcastNews.com audio news report below.
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Steve Lubetkin
Steve Lubetkin is the New Jersey and Philadelphia editor for GlobeSt.com. He is currently filling in covering Chicago and Midwest markets until a new permanent editor is named. He previously filled in covering Atlanta. Steve’s journalism background includes print and broadcast reporting for NJ news organizations. His audio and video work for GlobeSt.com has been honored by the Garden State Journalists Association, and he has also been recognized for video by the New Jersey Chapter of the Society of Professional Journalists. He has produced audio podcasts on CRE topics for the NAR Commercial Division and the CCIM Institute. Steve has also served (from August 2017 to March 2018) as national broadcast news correspondent for CEOReport.com, a news website focused on practical advice for senior executives in small- and medium-sized companies. Steve also reports on-camera and covers conferences for NJSpotlight.com, a public policy news coverage website focused on New Jersey government and industry; and for clients of StateBroadcastNews.com, a division of The Lubetkin Media Companies LLC. Steve has been the computer columnist for the Jewish Community Voice of Southern New Jersey, since 1996. Steve is co-author, with Toronto-based podcasting pioneer Donna Papacosta, of the book, The Business of Podcasting: How to Take Your Podcasting Passion from the Personal to the Professional. You can email Steve at [email protected].
