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RESAAS Services Inc. (RSASF) is a cloud-based social business platform catering to the real estate services industry. They offer a suite of tools, including an enterprise social network, a global referral network, lead generation engine, listing management, client engagement modules, CRM tools, analytics, file sharing, and advertising engine. These tools are exclusively available to real estate professionals, aiming to enhance productivity through improved communication and collaboration. With nearly 400,000 users from 110 countries, RESAAS is a leading provider of technology solutions for the real estate industry.
RESAAS Services (TSXV: RSS, OTCQB: RSASF) has announced the expansion of its Commercial Data Exchange (CODE) platform to include Industrial properties, complementing its existing Office Asset Class offerings. The Industrial Asset Class expansion encompasses various property types including warehouses, data centers, manufacturing plants, distribution centers, truck terminals, R&D centers, and showrooms.
According to CEO Tom Rossiter, Office and Industrial represent the two largest commercial property asset classes in major markets. This strategic expansion of RESAAS CODE enables the platform to attract new customers involved in selling, leasing, and managing industrial properties. The platform's key feature is its ability to facilitate reciprocal data sharing among commercial real estate brokerages, allowing them to securely share availability data in real-time with designated third parties.
RESAAS Services announced accelerated growth of its Commercial Data Exchange platform (CODE), powered by Artificial Intelligence. The platform is expanding into new customer types and national markets, particularly serving Research, Market Intelligence, and Data Operations departments of Commercial Brokerages. The company has implemented a self-serve onboarding process and is expanding beyond its current 'office' asset class to include secondary and tertiary asset classes. RESAAS CODE operates on a subscription-based model, generating monthly recurring revenue from Brokerage and Institutional Landlord customers.
RESAAS Services (TSXV: RSS, OTCQB: RSASF) has announced a major upgrade to its Commercial Data Exchange platform (CODE) by integrating AI capabilities for data movement. This enhancement enables brokerages and landlords to integrate their data seamlessly into RESAAS CODE, allowing real-time data synchronization in a 'hands-free' manner. The AI integration automates data ingestion, eliminates manual processes and human error, and facilitates efficient onboarding for customers with older infrastructure. The platform operates on a subscription-based model, generating monthly recurring revenue from brokerage and landlord customers.
RESAAS Services Inc. (TSXV: RSS, OTCQB: RSASF) has announced the expansion of its RESAAS Commercial Data Exchange (CODE) platform with the addition of multiple commercial landlords. Following a successful pilot phase with CBRE in Vancouver, RESAAS CODE has now reached full commercialization. The platform enables commercial brokerages to securely share real estate data with third parties.
Key highlights:
- Three major national office landlords have joined RESAAS CODE
- Landlords provide availability data, which RESAAS CODE processes and shares with brokerage customers
- Subscription-based model generates monthly recurring revenue
- Strong demand for expansion into additional markets across Canada and the United States
- Current customers have national or North American footprint, facilitating rapid growth into new cities
RESAAS Services Inc. (TSXV: RSS, OTCQB: RSASF) has announced a commercial real estate data-share pilot with CBRE Vancouver as the anchor tenant of 'RESAAS CODE'. This Commercial Real Estate Data Exchange solution will allow CBRE Vancouver's Research Division to share available properties with select other Commercial Real Estate Brokerages. The pilot aims to solve the data-sharing problem in the commercial real estate market, making property tracking more efficient and scalable.
RESAAS CODE is designed to enable secure data sharing using RESAAS as a centralized Data Warehouse, adhering to CBRE's strict data protection standards. This initiative leverages RESAAS's experience in residential real estate data sharing, adapting its technology platform to support the nuances of commercial real estate.
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