Dealpath, the leading cloud-based deal management platform for institutional real estate investment teams who are evaluating and executing acquisitions, development projects, and financing deals, has opened its third party API to provide customers and partners with convenient, real-time access to their data, the company announced in a release.
Dealpath’s platform is designed for interoperability with other leading software systems and provides flexibility for institutional real estate investment teams. This new capability addresses the growing needs for firms to deploy modern tech stacks comprised of best-of-breed software solutions.
Dealpath, founded in 2014 and based in San Francisco, can watch customers incorporate their deal and property data automatically into other software services. Among the most common use cases are integrations with leading asset management and property accounting software like Yardi and MRI Software as well as popular CRM systems like Salesforce and portfolio monitoring and investor reporting tools like iLevel by iPreo, the release said.
The platform API provides access and connectivity with other systems to pipeline data, deal analytics, and property information — stored and managed on Dealpath. Users of the API have achieved a drastic reduction in the need for manual and oftentimes duplicative data entry, increased accuracy as well as vast improvements to their workflows for building value.
“The modern CRE tech stack leverages ‘best-of-breed’ solutions that are integrated seamlessly across the organization and lifecycle of an asset including market data, deal management, and property accounting,” Dealpath CEO Mike Sroka said in the release. “The launch of the Dealpath open platform API will provide our users and CRE ecosystem with the accessibility and flexibility for valuable product integrations and continuity of data through complex workflows to achieve optimal risk-adjusted returns.”