NEW YORK, Dec. 6, 2018 /PRNewswire/ -- Ten-X Commercial, the nation's leading transaction platform powering 90 percent of all online commercial real estate sales, today announced that it won one of the Real Estate Tech Awards in the category of transaction and underwriting.
Presented by CREtech – a leading event, content and connectivity platform for commercial real estate – the Real Estate Tech Awards recognize the most innovative and cutting-edge companies that have played an integral role in advancing technology in the real estate industry throughout the year. As an award recipient, Ten-X was recognized for its technological advancements in CRE transactions including propriety algorithms matching buyers with assets, and real-time data that provides insight into each sale via its dashboard.
With more than $20 billion in commercial assets transacted by brokers, buyers and sellers on the platform, Ten-X is the only online transaction solution that increases reach, improves productivity and streamlines the entire transaction process from list to close. Ten-X is an effective tool for brokers in particular, offering a simple onboarding process, customized marketing materials that drive an average of 3,500 unique property page views, and access to +400,000 prequalified buyers.
"At Ten-X we are laser-focused on simplifying commercial real estate transactions through technological innovation and automation, and are honored to receive CREtech's esteemed Real Estate Tech Award," said Ten-X President Maureen Waters. "We are especially pleased that industry insiders recognize the value of our platform as it helps brokers closely track buyer interest and activity on-demand. With more than 8,000 users since it launched earlier this year, our dashboard is a prime example of how Ten-X builds tech to advance the commercial real estate industry as a whole."
Currently in its fifth year, the Real Estate Tech Awards are the most prestigious awards in the industry. Carefully selected as a winner by an elite panel of judges, spanning leading VCs, angel investors, and corporate investors in the commercial real estate tech industry, Ten-X was honored on stage in front of nearly 1,000 professionals at the CREtech New York Venture Conference on December 6.
For more information about the Real Estate Tech Awards, click here.
About Ten-X Commercial
Ten-X Commercial is the nation's leading online transaction platform for commercial real estate. Since 2009, more than $20 billion has been transacted on the Ten-X platform. By merging proprietary, data-driven technology with industry expertise, the Ten-X platform successfully streamlines the entire transaction process and accelerates close rates. Ten-X Commercial is headquartered in Irvine and Silicon Valley, Calif., with offices in key markets nationwide. Investors in the company include Thomas H. Lee Partners, L.P., CapitalG (formerly Google Capital) and Stone Point Capital.
Our mission at CREtech is to connect the commercial real estate and tech sectors, bringing a new age of innovation, investment and growth to the industry. The platform features the largest events, most important daily newsletter, largest directory of startups and industry leading research. CREtech additionally provides Advisory Services to startups and commercial real estate developers/brokers.
CREtech is owned and operated by The News Funnel, the leading content, connectivity and event platform devoted to the commercial real estate industry.
SOURCE Ten-X Commercial