Valcre, the commercial real estate industry’s appraisal platform, recently announced in a press release that Kidder Mathews, a West Coast independent commercial real estate firm, joined its growing network of enterprise and corporate client partners,
In the past two years, valuation professionals have experienced surging demand for commercial real estate appraisal services following the market disruptions induced by the pandemic.
“With demand near record highs, commercial real estate appraisers are experiencing challenges managing the influx in their workload. Many valuers – from big shops to sole proprietors – are seeking to future-proof their workflows by leveraging technology to improve antiquated processes and tackle a greater volume of business,” Valcre co-founder and CEO Lucas Rotter said in the release. “Our team is committed to addressing the needs of valuers in the current climate. We look forward to working closely with Kidder Mathews to improve a very tedious process, thereby saving their valuation professionals a minimum of two hours a day.”
The addition of Kidder Mathews and other major valuation advisory firms partnering with Valcre further underscores Valcre’s position as a market leader in appraisal software, arming industry professionals with a secure cloud database that is available from any device and makes storing client information, invoicing, and researching comps quick and painless, the release added.
“As the commercial real estate industry is transformed by a variety of innovative technologies, Kidder Mathews remains at the forefront of adopting solutions that enhance our ability to provide top-tier services and counsel to our clients across the West Coast,” Kidder Mathews Managing Director Jeffrey Enright said.
Through a number of strategic integrations with external data sources and reporting templates, Valcre reduces the hours appraisers spend executing manual tasks and scouring data sources for comps.
In the past 12 months, Valcre’s system has been used to facilitate more than 20,000 commercial real estate appraisals. Customers say the turnkey solution leads to faster turn times and offers greater ability to complete a wider range of jobs no matter how complex the valuation. Since the height of the pandemic in 2020, Valcre has experienced a 175 percent increase in users signing onto the platform.
“Valcre’s platform offers our valuation and advisory team the best solution to address the needs of appraisers in a time of unprecedented growth and accelerated demand,” Andy Robinson, Kidder Mathews senior vice president, said. “We look forward to continuing to work with Valcre’s team to ensure our valuers are equipped with a turnkey solution tailored to accommodate our needs in today’s climate.”