3 Reasons CRE Teams Should Be Managing Deals in the Cloud

Chris Powers is a serial entrepreneur with more than 13 years of real estate development and investment experience and is the founder and CEO of Fort Capital.

DALLAS—Every year, $15 trillion worth of commercial real estate deals are carried out in the U.S. alone. In spite of this, the industry has been notoriously slow to create and adopt technology to streamline how it manages this tremendous flow of transactions.

At Fort Capital, and at many other growing development firms, rising deal volume can easily reach a critical mass that limits the ability to execute. The development process is time-consuming and labor-intensive, and there is a growing consensus that legacy tools aren’t enough anymore to address the accelerating rate of change in the business environment. The real estate industry as a whole is increasingly searching for specialized software services to scale their operations and streamline the investment process.