New York & Tri-State CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
VTS Broadens Offering with Rise Buildings Acquisition
VTS entered into an agreement to acquire Rise Buildings, the property operations and tenant experience technology company used by Blackstone, Hines and CIM Group, among others. The acquisition of Chicago-based Rise will broaden VTS’ existing offerings for landlords.
“In acquiring Rise, VTS expects to continue to expand and strengthen the value our customers already receive from our platform with new capabilities that will be more critical than ever as landlords focus on renewing existing tenants and reducing vacancies in the coming months,” said Nick Romito, CEO of Midtown Manhattan-based VTS.
He continued, “By integrating Rise into the VTS offering, our aim is to redefine the category of tenant experience and provide landlords with a full-service platform that continues the journey of digitizing the entire asset experience. After an extensive evaluation, we believe Rise has the right approach, technology, and team; our landlord customers agreed and welcomed the decision.”
