NEW YORK--(BUSINESS WIRE)--VTS, the commercial real estate industry’s leading leasing and asset management platform, today announced that in Q3 the company achieved its most successful quarter to date, welcoming a record number of new clients to the platform – the highest number in company history. Square footage managed on the platform has grown to 9 billion square feet, increasing 60% from Q3 2017, with one in three office buildings in the U.S. now managed on VTS.
A number of new clients chose VTS as their leasing and asset management solution in Q3, including Cerberus Capital Management, Midway Companies, Onni Group, Pacific Coast Capital Partners, Grafton Advisors, EastGroup Properties, The Henderson Group, Venture One Real Estate, and Hugo Neu. In addition to securing new clients, existing VTS clients expanded their use of VTS, including rolling out VTS Tenant Relationship Management (TRM), the only CRM built specifically for commercial real estate professionals. Such clients include Brookfield Properties, Invesco, and Brandywine Realty Trust. TRM enables landlords and leasing teams to retain more high value tenants and uncover hidden relationships to help move opportunities forward.
“We're incredibly proud to continually add so many world-class customers like these to our platform, and to extend our partnerships with existing clients as they see the value of VTS and engage further with our products,” said VTS CEO and co-founder, Nick Romito. “Watching the market get behind our vision is what energizes our team, and we're committed to transforming commercial real estate alongside them.”
VTS continued its international growth in Q3. The leasing and asset management platform is now used to manage buildings in 34 countries across every continent except for Antarctica.
Q3 also saw VTS solidify its position as the standard leasing system used by commercial real estate brokers. In August, JLL Agency Leasing selected VTS as its exclusive leasing and asset management software across the Americas, the first time a global brokerage firm has provided VTS to all their brokers and leasing teams in the Americas. The move aligned with JLL’s ongoing strategy to build a best-in-class technology stack. VTS now provides leasing and asset management technology for use by all JLL Americas Agency Leasing employees, and will further enhance JLL professionals’ ability to provide market-leading client service and work more efficiently.
About VTS
VTS is the commercial real estate industry’s leading leasing and asset management platform. Landlords use VTS to maximize portfolio performance by transforming their leasing and asset management process, enabling them to acquire the right tenants faster, sign the right deals at the best economics, and optimize the renewal process – reducing costly downtime. Brokers can manage their deal pipeline and get tenants into empty spaces faster, collaborate across teams and work easily with their landlord clients using VTS for Brokers.
The VTS platform manages 9 billion square feet and a user base exceeding 34,000, and boasts an impressive client roster that includes top names such as Beacon Capital, Blackstone, LaSalle Investment Management, Hines, Boston Properties, JLL and CBRE. One in every three commercial office buildings in the US is managed using VTS.
