Market Leading Commercial Real Estate Technology Platform
Counts Agents from All Top 20 Brokerages Among Its Clients
STAFFORD, Texas, May 1, 2024
/PRNewswire/ -- RealNex, a commercial real estate technology
company, today announced its 10th anniversary. RealNex
launched on May 1, 2014, with the
acquisition of three companies that formed its foundation. Today
RealNex NavigatorPRO™ is the most complete end-to-end
commercial real estate operating system, featuring CRM, Market
Intelligence, Financial Analysis, Presentations, Marketing,
Reporting, and Transaction Management. In addition, through its
affiliate PIX-Virtual, RealNex has developed a burgeoning 3D
Virtual Reality offering.
RealNex was created by a team of industry veterans with the
acquisitions of REA, Property Line, and REI Wise, and expanded
further a few months later by acquiring Ten-Eight and BuzzTarget.
These companies set the foundation for RealNex Navigator. Since
RealNex was formed, the team has migrated REA fully to the cloud as
RealNex CRM and greatly expanded the capabilities in the online
version. They updated and modernized REI Wise to create
MarketEdge. The best elements of Property Line and BuzzTarget were
combined to create MarketPlace, and Ten-Eight has been enhanced as
Transaction Manager. More recently, they added a nationwide data
service, RX Data, providing land & building profiles, ownership
& transaction histories, loan details and tenant rosters.
The company is poised to further expand its capabilities with a
range of new acquisitions anticipated to close in the coming
months.
RealNex was formed by Pavonis Group, whose partners include
Mark Kingston, Jeff Finn, Demetrios
Louziotis, Glenn Petillo, and
Dr. Jeffrey Fisher. Mr.
Kingston, former CEO of Argus Software, serves as Executive
Chairman; Mr. Finn, former President and CEO of NAI Global, serves
as CEO; Mr. Louziotis, former Chief Strategy Officer at Argus,
serves as President and COO; Mr. Petillo, former partner in Petillo
& Walters, P.C. is General Counsel and Dr. Fisher, Professor
Emeritus from Indiana University and
President of The Homer Hoyt Institute, is a member of the Board and
advises on Data Services.
The partners shared a vision that the commercial real estate
industry had failed to adopt technology not for lack of desire but
rather due to the fragmentation, high cost, and limited
functionality of the plethora of siloed solutions that comprised
the industry's technology landscape at the time. The group came
together with a mission to change that by aggregating and
integrating solutions to create an end-to-end platform that could
provide a complete operating system for the industry.
The company's strategy has clearly met the demands and desires
of the market. RealNex has been selected as the enterprise platform
for clients such as KW Commercial and RE/MAX Commercial and a
preferred provider for clients including eXp Commercial, Sperry,
and CBRE Canada. The company also enjoys client relationships with
offices, agents, and affiliates at other brands such as JLL,
Cushman & Wakefield, Newmark, Colliers, Lee, Marcus &
Millichap, NAI, Corfac, SVN, and CBC. Further, the company
has expanded globally with regional market leaders, including
New Zealand-based Barfoot &
Thompson, and is poised for global deployments with its domestic
enterprise clients.
"RealNex was born with the mission to improve marketplace
efficiency, transparency, and liquidity while delivering
overwhelming value. We strive to be the 'handset of the industry,"
commented RealNex Executive Chairman Mark
Kingston. "Our objective is to work collaboratively with the
industry to enable our clients to be as productive as possible by
providing the complete toolset they require to find, win, and close
more deals."
About RealNex LLC
RealNex is a leading commercial real estate technology solutions
company providing a singular solution designed to improve user
success by increasing accuracy, professionalism, and
productivity.
Contact:
Jen Dolejs
281.299.3161 ext. 350
377004@email4pr.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/realnex-celebrates-10th-anniversary-302132546.html
SOURCE RealNex