RESAAS Expands Commercial Data Exchange to Include Industrial Properties Through New Asset Class
Rhea-AI Summary
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.
Positive
- Expansion into Industrial Asset Class opens new market opportunities
- Platform enhancement targets the two largest commercial property sectors
- Potential for new customer acquisition in industrial property segment
Negative
- None.
The addition of Industrial properties within RESAAS CODE complements the existing Office Asset Class.
"Office and Industrial are the two largest Asset Classes of commercial properties that transact in most major markets," said Tom Rossiter, CEO of RESAAS. "With this expansion of the RESAAS Commercial Data Exchange solution, RESAAS is securing new customers that sell, lease and manage Industrial properties."
The Industrial Asset Class is made up of the following property types:
- Warehouses
- Data Centers for Servers / AI
- Manufacturing Plants
- Distribution Centers
- Truck Terminals
- Research & Development Centers
- Showrooms
RESAAS CODE brings reciprocity to Commercial Real Estate for the first time, enabling Brokerages to securely share their availability data in real-time with designated third-parties.
About RESAAS Services Inc.
RESAAS is an award-winning technology company serving the Global Residential and Commercial Real Estate Industry.
Over 600,000 Residential Real Estate Agents in 160 countries use RESAAS to obtain unique Real Estate Data, access to qualified international referrals and Coming Soon listings. Commercial Real Estate's largest Brokerages and Institutions leverage RESAAS as a Data Exchange to securely distribute their own data with designated third-parties.
For more information, please visit www.resaas.com.
Disclaimer
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from RESAAS Services Inc.'s expectations and projections.
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SOURCE RESAAS Services Inc.
FAQ
What new asset class did RESAAS (RSASF) add to its Commercial Data Exchange platform in January 2024?
What property types are included in RESAAS (RSASF) Industrial Asset Class expansion?
How does RESAAS (RSASF) CODE benefit commercial real estate brokerages?
What are the main commercial property asset classes now covered by RESAAS (RSASF) CODE?
