REITs, REOCs, property management companies and industryconsortiums can license the new platform to establish privatee-marketplaces, where users can enter important informationcritical to property management, asset date and descriptions.System users can also manage offline responsibilities and reportingprocesses by customizing workflow and pricing structuresonline.

At the center of the new OpsCommerce Platform is real XML, anXML standard designed by the privately held company to capture realestate-specific data, says Naidu. The OpsCommerce Platform includesthree components - the buyer interface, the trading hub and thesupplier integration technologies.

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.