VTS Cements Market Leadership Surpassing 2 Billion Square Feet Under Management and Hires a Top Silicon Valley Talent
NEW YORK, Dec. 8, 2015 /PRNewswire/ — VTS, the leading commercial real estate asset management and leasing platform, now manages more than 2 billion square feet of commercial space both in the US and around the world. This unmatched market penetration, which surpasses the company’s year end goal, makes VTS the new standard for top brokers, asset managers and landlords and cements VTS’ position as the de facto ecosystem for the CRE community.
VTS also announced the hire of Charles Hough as its first Chief Operating Officer. Hough, previously Senior Vice President and General Manager for Asia Pacific at San Francisco-based Lithium Technologies, will oversee VTS’ domestic and global expansion. He brings more than 20 years of leadership experience in enterprise software and big data analytics, helping innovative startups such as Lithium and Interwoven rapidly grow into market leaders with industry-changing solutions.
“Charles has a proven track record of operational excellence as evidenced by his success at several Silicon Valley-based technology companies,” said Nick Romito, Co-Founder and CEO of VTS. “His vast experience overseeing rapid growth of both technical and business teams in several successful startups will undoubtedly accelerate our expansion into new and existing markets.”
“VTS’ technology and domain expertise compelled me to make the move. I couldn’t be more excited and proud to join the team,” saidCharles Hough, COO of VTS. “We’ve already made great strides breaking into a traditionally technology-averse industry and with our rapid growth have proven a need for the unified suite of innovative tools VTS provides.”
VTS is transforming the $12 trillion commercial real estate industry by providing brokers, landlords, asset managers and their teams with a comprehensive platform that allows for seamless collaboration and portfolio tracking. The unified, mobile-first solution gives CRE professionals access to leasing information, analytics and market trends all from one easy-to-use interface. In the last 6 months alone, VTS has signed on new customers including Tishman Speyer, The Davis Companies, Clarion, RMR and American Assets Trust.
“After an extensive vetting process for a leasing and asset management platform, we decided that VTS was the best partner for The Davis Companies,” said Duncan Gilkey, Senior Vice President of Asset Management. “Not only does VTS have strong references, they are flexible and customer service oriented, and their technology provides us with a cloud-based system that insures brokers and landlords are united under one platform that is instantaneously updated, ensuring all team members can edit or access real time information 24/7 via smartphone, iPad, email or desktop.”
VTS’ success indicates true demand for a single, unified platform that allows for clear communication between brokers and landlords. With more than 5,000 brokers currently utilizing the platform, strategic partnerships with CBRE and Blackstone, key customer wins and fresh venture funding, VTS is on pace to further modernize and transform an industry long in need of a technological revolution.
VTS is the leading leasing and asset management platform built to provide real-time portfolio analytics to the top landlords and brokerage firms in the world. VTS allows brokers and owners to manage deal activity, identify trends and quantify portfolio performance from their desktop or mobile device. With over 2 billion square feet under management, VTS is the driving force behind the industry’s shift towards real-time data and is quickly becoming the marketplace standard.