VTS has achieved a significant milestone with its leadership team being recognized in Commercial Observer's Power Proptech List for the third consecutive year. CEO Nick Romito, Chief Strategy Officer Ryan Masiello, and Chief Technology Officer Swaroopa Penikelapati have been honored for their contributions to the proptech industry. This recognition underscores the company's substantial influence in the rapidly evolving world of property technology and signals its ongoing commitment to driving innovation in commercial real estate.
The recognition comes during a period of notable expansion and product development for VTS. In March 2024, the company launched VTS 4, a novel predictive analytics solution powered by the VTS Demand Model. This launch was accompanied by the expansion of VTS Data into the London market, bringing real-time commercial real estate insights to the United Kingdom. The company further cemented its position as an industry leader by expanding into the multifamily sector in April 2024 with the introduction of VTS Activate Multifamily, a resident experience offering already adopted by major residential industry players including Lendlease, Habitat, and Stonehenge.
VTS's innovation streak continued in May 2024 with the launch of VTS Activate Workplace, described as the first workplace experience solution to combine native workplace and building systems into a single application. The company has also maintained its status as a trusted source for industry data through regular publications including the VTS Office Demand Index (VODI), annual Global Landlord Report, and the recently introduced Global Workplace Report from February 2024, which uses data to identify corporate tenant needs and expectations related to office space.
Nick Romito attributed the company's recognition to the hard work invested by the team since its inception, expressing commitment to maintaining VTS's position at the forefront of industry transformation. Ryan Masiello emphasized the company's focus on anticipating industry needs and delivering impactful solutions for both landlords and tenants, while Swaroopa Penikelapati highlighted dedication to driving meaningful outcomes through technology and solving problems for the customer base.
The comprehensive VTS platform, which includes VTS Lease, VTS Activate, VTS Data, and VTS Market, serves as a unified solution for various stakeholders in commercial real estate. The platform provides real-time market information and workflow tools that enable faster and more intelligent decision-making across the industry. With over 60% of Class A office space in the U.S. and 12 billion square feet of office, retail, and industrial space managed through its platform worldwide, VTS has established itself as a global leader in real estate technology.
The company's user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. As the real estate industry continues to embrace digital transformation, VTS's repeated recognition in the Power Proptech List reflects not only the company's current impact but also its potential to shape the future of the real estate industry through technological innovation. The company's platform information is available at https://www.vts.com/platform.
