NEW YORK CITY—Two of the biggest names in commercial real estate technology are joining forces. VTS and Hightower, both headquartered here, said Tuesday they would merge to form the industry's leading leasing and asset management platform under the VTS name.
The combined company will manage a portfolio totaling more than five billion square feet. It will combine the strongest features from the VTS and Hightower platforms, the two companies said Tuesday.
“We're at a pivotal moment in commercial real estate, with the industry beginning to realize technology's true potential,” says VTS CEO Nick Romito, who co-founded the company in 2012. “VTS and Hightower have earned the trust of the top institutional firms, driving significant adoption of both platforms across the industry.”
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