|By Business Wire||
|January 16, 2014 02:40 PM EST||
InfoTycoon is pleased to announce that it has been selected by Greystar Real Estate Partners as a preferred service provider of due diligence and facilities inspection software. InfoTycoon is an enterprise-class mobile-to-cloud platform that is designed to collect and manage physical asset data throughout each phase of the multifamily asset lifecycle – acquisition, renovation, operation and disposition. The platform allows data to be entered directly into an easy to use iPad application and synced in real-time to a cloud database as inspections are performed.
The standard protocol for most physical inspections of apartment units often includes paper checklists that are manually completed and then keyed into spreadsheets. The protocol can add days to the process and is subject to error during transcription. As the largest manager of apartments in the U.S., Greystar performs thousands of apartment inspections each year for due diligence, renovations and preventative maintenance. Greystar recently piloted InfoTycoon’s software on a large portfolio of assets under due diligence. Using InfoTycoon’s mobile digital iPad on the front-end, Greystar was able to perform its work more efficiently, using fewer resources, and had real-time access to information empowering the company to make informed decisions more quickly.
“The team at InfoTycoon has a deep understanding of the simplicity and flexibility required to operate, acquire and manage assets,” said Greystar Chief Information Officer Tom Bumpass. “The platform is so fast and customizable that we were able to perform due diligence in the United Kingdom -- a new market with unique challenges -- inspecting 3,500 units in 8 cities in just over two weeks.”
Greystar plans to expand its use of InfoTycoon, fully utilizing the software throughout the lifecycles of its properties from acquisition, renovation and operation to disposition.
“Greystar is a leading innovator in the multifamily housing sector, and we are delighted to be working with them,” said InfoTycoon CEO James Davis. “We are looking forward to a long relationship with Greystar that will strengthen InfoTycoon’s platform for actionable business intelligence throughout the entire asset lifecycle.”
InfoTycoon is the industry’s first mobile asset management lifecycle software platform for the multifamily real estate industry. Adding value throughout every stage of an asset’s lifecycle -- acquisition, renovation, operation, and disposition -- InfoTycoon creates a robust database of information that drives intelligent decision making and best practice deployment. For more information please visit www.infotycoon.com.
About Greystar Real Estate Partners
Greystar Real Estate Partners is a fully integrated multifamily company offering expertise in property management, development and investment throughout the United States and abroad. Headquartered in Charleston, SC., Greystar is the largest operator of apartments in the United States and manages approximately 215,000 units in more than 100 markets with more than 5,000 team members. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class services in the multifamily real estate business. Greystar’s innovative business model integrates the management, development and investment disciplines of the multifamily industry. To learn more about Greystar visit www.greystar.com.