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2019 Real Estate Tech Awards Recognizes redIQ for Outstanding Innovation
redIQ Continues to Push Forward an Industry Historically Resistant to Technology
redIQ, a multifamily analytics and underwriting platform, has placed second in the Valuation category of the Sixth Annual Real Estate Tech Awards (#RETAS) presented by CREtech, the largest event, data, and content platform in the commercial real estate tech industry. Valuation falls under #RETAS Information & Intelligence category.
Sponsored by JLL Spark, the Real Estate Tech Awards are the leading international award honoring excellence in commercial real estate tech. The awards recognize the most cutting-edge startups and technology companies who have played an integral role in advancing technology in the industry throughout the year. The panel was comprised of the leading venture capitalists, angel investors, corporate investors, and thought leaders in the commercial real estate tech industry.
redIQ was founded in 2012 under the name ResiModel, designed to offer a robust underwriting model. The company rebranded as redIQ (“Real Estate Data Intelligence”) in 2016 and has since grown into a comprehensive multifamily analytics and underwriting platform that allows users to take a deal from initial processing to final underwriting in as little as 30 minutes. Three hundred of the top acquisitions teams, brokerage companies, and lenders active in the multifamily space use redIQ, and users processed over 100,000 rent rolls and 35,000 operating statements and created 50,000 deals using the platform last year. This award comes at a pivotal time for redIQ as the company continues to expand its offerings and grow its team.
“We’re excited that #RETAS has recognized redIQ as a leader in the multifamily tech space,” said redIQ’s vice president of product management, Luke Behrmann. “We are also thrilled that thousands of multifamily professionals, thanks to our product, have found themselves doing more deals, more quickly and more confidently. Because of the actionable insights that redIQ delivers to our users, firms are empowered to make the best decisions about how to deploy capital across their buying, financing, and operating activities.”
For more information about the Real Estate Tech Awards, click here.
About redIQ, LLC.
redIQ is the most trusted multifamily analytics and platform on the market, with over 300 clients, including six of the top 10 acquisitions teams and nine of the top 10 brokerages in the country. Our platform extracts data from rent rolls and operating statements in any format and allows users to generate institutional-caliber, Excel-based underwriting models. Some of redIQ’s most popular features include automatic anomalies detection, comprehensive comp sets built with data from a user’s own chart of accounts, presentation-ready charts and graphs that offer deep insights into a property, analysis of a property’s historical financial performance, and a powerful underwriting model that syncs directly with the users data stored in redIQ. redIQ makes three simple promises to our users: Better insights. Faster underwriting. Smarter investing. To learn more about redIQ and how our platform is transforming the multifamily investment space please visit our website at www.rediq.com.
CREtech is the leading media and events company servicing the greater real estate and technology community. Our mission at CREtech is to connect the real estate and tech sector by hosting engaging conferences, publishing research, and content.
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