RCM Reaches $2T in Investment Property Transactions
Commercial real estate industry professionals have leveraged Carlsbad, CA-based Real Capital Markets’ (RCM) technology platform to transact more than $2 trillion in commercial property investments online. The milestone, based on first quarter figures, demonstrates the power technological innovation has had in CRE over the past 20 years.
RCM’s Tina Lichens says, “We are proud to have achieved this significant milestone, providing CRE tech solutions to our clients for nearly 20 years. This highlights the increasingly important role technology and innovation play in our industry.”
The total transaction activity is equivalent to the purchase of 1,538 Willis Towers in Chicago, or 1,058 Empire State Buildings in New York. Since 1999, RCM’s technology has been involved in bringing more than 60,000 properties and loans to market to a database that now exceeds 58,000 global investors.
Office property listings make up roughly 25% of the listings, followed by multifamily (22%), retail (18%), and industrial (12%).
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