Crexi, the nation’s fastest-growing commercial real estate marketplace and technology platform, has officially announced the launch of Crexi Vault, which happens to be a powerful solution geared towards converting real estate documents, such as offering memorandums (OMs) and marketing materials, into structured, enriched, searchable data.
To understand the significance of such a development, we must take into account how professionals often have to spend hours manually extracting data from OMs and other deal documents.
Against that, Crexi Vault brings to the fore a dedicated mechanism to streamline the most complex aspects of extracting data from key documents. You see, the solution’s sophisticated extraction model treads up a long distance to deliver exceptional accuracy which can build user trust over time.
Furthermore, it also enriches documents through integration with Crexi’s data platform. Complementing this would be an assortment of advanced extraction capabilities, available alongside user contributions, to ensure that information remains current and comprehensive rather than a static snapshot in time.
Among other things, it ought to be mentioned how the given technology is actually purpose-built to optimize critical workflows, including underwriting, listing preparation, and comp tracking, as well as generate data-driven insights, accelerate decision-making, reduce manual data entry, and close deals with confidence.
“Crexi’s Vault is a must-have for CRE professionals. It significantly improves efficiency, not only saving time but also helping produce a superior end product,” said Clay Rollins, Acquisitions Analyst at Bison Partners. “By centralizing all data on one platform, it creates a dynamic, searchable environment where property information can be organized by asset type, location, size, occupancy, and other key metrics, greatly streamlining the prospecting process.”
Talk about the whole value proposition on a slightly deeper level, we begin the availability of a choice between bulk or single PDF upload (1-100 files). As a result, users can now upload property documents in bulk or individually, enabling efficient processing at scale.
Next up, there is a facility revolving around automatic data extraction. You see, the platform in question is well-equipped, at launch, to intelligently and accurately identify over 16 key property data points, thus eliminating the need for manual data entry.
Another detail worth a mention is rooted in the prospect of structured records management, something which makes it possible for extracted records to be exported, edited, and reused across different processes, increasing flexibility and saving time.
Rounding up highlights would be a mechanism committed to ensuring seamless integration. In essence, all of these new capabilities are seamlessly integrated within the existing Crexi workspace, clocking a smooth and familiar user experience.
Founded in 2015, Crexi’s rise up the ranks stems from its AI-powered platform which can deliver smarter, more efficient solutions at every stage of a deal’s typical lifecycle. The company’s Crexi Intelligence solution, for instance, can generate for you real-time data and market insights, whereas its Crexi PRO technology can come in handy for targeted property marketing and seamless deal management.
Apart from that, its Crexi Auction also conceives for users a transparent, time-bound bidding experience.
Crexi’s excellence in what it does can also be understood once you consider it has, thus far, facilitated over $1 trillion in transactions, leased over 8.6 billion square feet, all while supporting a growing community of more than 2 million monthly active users.
“Crexi Vault represents the next generation of AI tools built specifically for the CRE community, and it encapsulates Crexi’s vision of creating a personal, dynamic archive of market intelligence that empowers CRE professionals with greater efficiency,” said Michael DeGiorgio, Founder and CEO of Crexi. “The industry has been drowning in information but starving for insight. We’re bridging the gap from simply managing information to truly harnessing it, enabling smarter decisions, enriching data-driven strategies, and fostering long term growth.”
