Real Estate Technology Company Northspyre Facilitates More Than $10 Billion of Capital Projects on Cloud-based Platform

Indicates Increasing Industry Demand for Sophisticated, Data-driven Technology Solutions for Real Estate Owners and Developers

NEW YORK--(BUSINESS WIRE)--Northspyre, a cloud-based intelligence platform that empowers real estate professionals to make proactive, data-driven decisions on development, capital and asset projects across real estate project types, today announced that it has facilitated more than $10 billion worth of capital projects for owners, developers and project management firms cross the country.

“This is a significant milestone so early in our growth trajectory,” said William Sankey, Co-founder and CEO of Northspyre. “Less than six months ago, we were thrilled to have surpassed $4 billion of projects facilitated on Northspyre. Cresting the $10 billion mark is humbling. Not only does it validate that the technology revolution involving machine learning and automation - which is already present in other knowledge-based industries - has arrived in commercial real estate, but it’s quickly gaining traction. Our loyal customers are at the forefront of this industry-wide transition and we appreciate their trust in us. We are more motivated than ever to continue providing modern technology to leading real estate professionals, enabling significant cost savings through data-driven decision-making.”

Northspyre is disrupting the way leading real estate teams deliver complex projects. Created specifically to meet the needs of owners, developers, project management firms and internal corporate/institutional real estate teams, the software leverages the power of automation, data analytics and proactive insights to achieve predictable outcomes, save 30% of a project team’s time and realize average cost savings of 2-8% per project. Northspyre’s technology is dedicated to helping teams deliver even the most complex project or portfolio on-time and on-budget.

“We have noticed significant momentum and opportunity in the creator-side of the real estate industry,” Sankey continued. “The millions of professionals involved in the design, development, construction and financing of the ‘creation of real estate’ represent the largest segment of the industry, yet often receive the least attention in terms of technology investment - until now. Over the past year, market interest in leveraging emerging technologies and analytics for more informed decision-making has grown. We began by servicing customers in the New York and Boston markets almost three years ago, but now see increased demand nationwide, having gained accounts in Atlanta, Chicago, Dallas, Houston, Philadelphia, San Diego, Seattle, South Florida and Washington D.C., among others. We are encouraged by this trend and look forward to contributing to the ongoing modernization of the commercial real estate space.”

Northspyre remains disciplined in its growth and is focused on advancing its product roadmap; sourcing strong talent for customer success, engineering, marketing and sales roles; and strengthening its footprint across North America.

About Northspyre

Northspyre is a cloud-based intelligence platform that empowers real estate professionals to make proactive, data-driven decisions on development, capital and asset projects across real estate project types. Created specifically to meet the needs of owners, developers, project management firms and internal corporate/institutional real estate teams, Northspyre leverages the power of automation, data analytics and proactive insights to achieve predictable outcomes and realize significant time and cost savings. Northspyre’s next-generation technology is dedicated to helping teams deliver even the most complex project or portfolio on-time and on-budget. Currently facilitating over $10 billion in customer projects and growing.

https://www.northspyre.com/