NEW YORK, Nov. 6, 2018 /PRNewswire/ -- Dealpath, the global standard for real estate investment teams, today announced the opening of its New York City office at Rockefeller Center. The decision to open a new office is the logical progression to Dealpath's expanding customer base in North America, including key gateway markets. In addition to the new office, the company will continue expanding its global headquarters in San Francisco, California.
Dealpath's cloud-based deal management platform equips acquisitions and development teams with powerful tools for pipeline tracking, deal analytics, and collaborative workflows. The platform is purpose-built to enable real estate deal teams to focus on value-add work that produces optimal risk-adjusted returns, resulting in ROI of 475% (on average).
"New York City is the center of the real estate universe with its density of commercial property value, institutional capital, and investment management expertise. Many of our largest clients call New York home, and it's important for us to continue growing our operations in this key strategic market," said Dealpath CEO Mike Sroka. Gary Kao, who leads the New York office as General Manager, added that "We're excited to formally establish our permanent presence here to support the continued success and growth of our customers and industry partners."
Dealpath's extraordinary growth has been driven by the success of its customers. Dealpath's customer base spans hundreds of investment management firms worldwide, who have recently surpassed a combined $1 trillion worth of transactions managed on the Dealpath platform — a 100% increase since May 2018.
"L+M is thrilled that Dealpath is opening a New York office," said Joe Weishaar, Vice President of Asset Management at L+M Development Partners. "Dealpath's platform has delivered results, and with additional support and collaboration from Dealpath's New York-based team, we'll be able to deploy new features quicker and add to how we already use the platform internally."