Global PropTech Leader VTS Named Commercial Observer's 2019 Top Innovator

VTS, the commercial real estate industry's leading leasing and asset management platform, today announced that the Commercial Observer recognized the company as a Top Innovator in the real estate technology category of the 2019 Innovator Awards. The Awards were announced at Commercial Observer's Inaugural Innovators Forum on December 3, 2019 in New York.

VTS was selected because of its strong track record delivering innovative technology solutions that address the needs of commerical real estate professionals. Candidates were meticulously reviewed and determined by Commercial Observer's Power 100 and Power 50 Honorees.

"We're incredibly honored to be acknowledged as the leader in the crowded PropTech space by one of New York's top real estate publications," said Nick Romito, CEO and co-founder of VTS. "New York is the global real estate capital and there was never a question that this was where we needed to start VTS. Being recognized by the city's real estate leaders through this award means more to our team than you could possibly imagine."

Since its founding in 2012, VTS has revolutionized commercial real estate ? an industry valued at more than $16 trillion and one of the world's largest and least tech-enabled asset classes. VTS established the technology category of leasing and asset management and enables landlords and brokers to manage the end-to-end leasing process and tenants from their smartphones or desktop. VTS offers solutions for owners of office, retail, and industrial space, and is driving the industry-wide shift towards using real-time data to make portfolio decisions.

Today, more than 10 billion square feet of commercial real estate ? an amount equivalent to roughly 20 New York Cities in size ? is managed on VTS, including one in every three office buildings in the U.S. More than 35,000 users across more than 35 countries use VTS to convert leads to leases 41% faster and build data-led asset strategies, transforming their leasing and asset management processes. VTS has eight out of 10 of the world's largest property owners as clients, boasting an impressive roster of global leaders including Blackstone, Brookfield, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties Group, JLL, and CBRE.

About VTS:

VTS is commercial real estate's leading leasing and asset management platform, bringing together landlords, brokers, and tenants to make deals happen. VTS software enables office, retail, and industrial landlords and brokers to transform their leasing process and convert leads to leases 41% more efficiently. MarketViewtm, the industry's first market benchmarking product gives landlords real-time information to inform deal negotiations and leasing strategies. Completing the VTS platform offering is truva, the industry's modern marketplace that will be powered by the 10B square feet of space managed on VTS software. truva.com is designed to drive tenant demand for landlords, and remove friction from the leasing process for tenants and tenant rep brokers.

VTS' platform has a user base exceeding 35,000, and boasts an impressive client roster that includes leading organizations such as Blackstone, Brookfield, GLP, LaSalle Investment Management, Hines, Boston Properties, Oxford Properties, JLL and CBRE.