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Real Estate Journal — Mid-Year Review — June 22 - July 12, 2018 — 11C
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M id -Y ear R eview
RVINE AND SILICON VALLEY, CA — Ten- X Commercial, an on- New technology features, repeat customers and increased adoption from brokers drive TEN-X Commercial surpasses $20 billion in total sales volume I into a single location, giv- ing users a real-time view of marketing traction, buyer buyers who have viewed the property details page, signed a CA and accessed the due
Since 2009, Ten-X Com- mercial has sold $20 billion in commercial real estate. The company blends data-driven technology with industry expertise to accelerate close rates and streamline the entire transaction process. Ten-X Commercial and its parent company, Ten-X, are headquartered in Irvine and Silicon Valley, Calif., with offices in key markets na- tionwide. Investors in the company include Thomas H. Lee Partners, L.P., CapitalG (formerly Google Capital) and Stone Point Capital.
features, we’re confident that Ten-X Commercial will con- tinue to improve and stream- line the transaction process for the entire real estate sector,” added Jacobs. “We are incred- ibly proud of what we have achieved thus far, and we are excited to keep leveraging AI and data science to further build out our end-to-end trans- action platform. As we deepen our long-term relationships with our customers and con- tinue to invest strategically in technology, we look forward to accelerating our growth in the years ahead."
l i n e a n d end- to - end transaction platform for commercial real estate, announced that it has t ransac ted $20 billion in
Ten-X Commercial streamlines the process while removing the geographic barriers associated with traditional real estate transactions.
diligence vault. The dash- board also includes details on qualified buyers who have made offers on a property, in- cluding detailed information about each offer. “As we continue to build enhancements on our platform and release a multitude of new
interest, and transaction activity and information for each property listed on Ten-X’s marketplace. For example, brokers and sellers are able to explore each prop- erty's marketing activities and associated reach, as well as the number of potential
Steve Jacobs
commercial real estate since the platform’s inception. As the real estate industry con- tinues to embrace technology solutions, the Ten-X Com- mercial platform has thrived on increased adoption from brokers, buyers and sellers while iterating and evolving platform tools. One of the most innova- tive technology solutions developed for commercial real estate, Ten-X Commer- cial streamlines the pro- cess while removing the geo- graphic barriers associated with traditional real estate transactions. Ten-X offers both auction and non-auction platforms, allowing brokers and sellers to utilize the transaction method that best suits their needs. Brokers who utilize Ten-X report an accelerated transaction pro- cess and higher close rates, as well as expanded reach that only a data-driven mar- ketplace can provide. The $20 billion in total sales volume includes office, hospitality, retail, and in- dustrial properties ranging in value from $1 million to $96 million. Thousands of brokers, buyers and sellers log on to Ten-X Commercial daily. “The Ten-X Commercial platform has long been the market leader because of its ability to connect brokers and sellers with global unknown buyers, and our buyer data- base continues to grow,” said Steve Jacobs, general man- ager of Ten-X Commercial. This milestone comes on the heels of recent enhance- ments to Ten-X Commercial’s seller and broker dashboards, which provide unparalleled transparency into property activity either via desktop or a native mobile app experi- ence. Leveraging proprietary Ten-X transaction data and algorithms, the dashboard aggregates and automates deal flow and intelligence
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