Emerging real estate services company, Brightlane Corp. has recently announced its continued plans to expand its core technology development through different acquisition opportunities to optimize the company's unique property value management services.
This move will help to accelerate the development of the Company’s proprietary, cloud-based platform to concurrently manage single family, multifamily, and student housing property operations.
Property Value Management (PVM) is a methodology of aggregating address-specific information with tenant, vendor, and on-going inspection information to provide real-time and mobile-available insights to the overall portfolio. According to the April Zillow Real Estate Market Report, average home values across the nation rose 8.7 percent over the past year to $215,600.
This remarkable increase, coupled with the $57 billion expenditures on big data technology in 2017, with projections for 2018 to go well beyond this figure, timing has never been more appropriate to apply the PVM technology to the housing and property management industries on a grand scale. To that end, the Company is currently conducting due diligence toward the potential acquisition of a commercial database and platform development firm to better align its core services with future offerings.
"We recognize the importance of data aggregation, access, and security. We see this as the future of property management – and more importantly the value of our portfolio properties,” says Steve Helm, President and Chief Executive Officer of Brightlane Corp. "We have identified a set of unique market tools that can leverage the power of a number of data points and sources to help Brightlane identify new markets and properties faster with a less long-term expense. It is a driver of both our acquisition outlook and our organic growth model. Our technology and big data roadmap will help us gain better operational efficiencies and be more competitive in the years to come.”
Brightlane will offer owners and residents ancillary services that rival some of the nation's larger real estate services providers. Brightlane plans to launch a variety of sub-brands throughout the balance of 2018 and years to come to grab a piece of the lucrative property management market.
SOURCE Brightlane Corp.
Edited by Victoria Haviland
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