Los AngelesUnpredictabilityis the biggest challenge to utilizing technology in commercial realestate investment. Investing often has moving parts and changesalong the way, and at times, technology relies on predictabilityand logical forecasting. However, tech investment companies aremaking strides to make technology compatible with the flexibilityneeds of investing.

"Without a doubt, the dynamics of investments are oneof the greatest challenges," Jeff Holzmann, CEO ofIIRR Management Services, a crowdfunded investmentmanagement firm, tells GlobeSt.com. "The issue is that very fewthings work according to original plans, and issues come up that noone could have foreseen. Examples include investors that passedaway, investments that didn't pay as projected, amounts that wereentered in error, and so on."

The caveat to investing is that each deal is different and, evenwith a strict strategy in place, deals are analyzed on acase-by-case basis. "Having worked on hundreds of deals across thecountry and in all CRE categories such as multifamily, industrial,self-storage, parking, office, and more, we learned how each dealis different and how the technology needs to be built toaccommodate the specifics of each situation," says Holzmann. "Wealso work with thousands of investors from all over the world, sowe've learned what people expect from an IT system that managesbillions of dollars of investors' money."

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.