Portfolio company Reonomy is highlighted as an important part of the CRE tech stack for investors interested in Opportunity Zones.
Although “on-market” listings and promoted sales provide a decent baseline for investors interested in Opportunity Zones, they only allow a myopic view of what properties are available. Seasoned real estate professionals will know that everything has a price, and while some assets might not be listed as “for sale,” it doesn’t eliminate them from consideration. CRE technology, like Reonomy, utilizes a comprehensive off-market data trove to deliver the nation’s entire commercial real estate supply. Comprised of both listed and unlisted properties, this data makes possibilities limitless — in and outside of Opportunity Zones. Users can search specifically for assets in designated census tracts while layering on a variety of geospatial and transactional filters for maximized results. Ultimately, those who leverage this information have a wider, enriched scope of properties to consider, opposed to those who only rely on sales listings.