REALTORS® have the opportunity to gain business efficiencies from the National Association of REALTORS® (NAR’s) new strategic alliance with Xceligent, Inc., a leading commercial real estate information services provider.
ePropertyData (ePD) Sold to Xceligent
Xceligent recently acquired ePropertyData (ePD) from NAR’s strategic investment fund, Second Century Ventures, to create a competitive, national alternative in commercial real estate information. Xceligent is leveraging the commercial information exchange (CIE) solution from ePD to help expand its commercial real estate information coverage into the largest U.S. markets. ePD’s CIE solution currently powers NAR’s current national public commercial real estate search platform, which contains more than 200,000 active lease and sales listings from across the country. Additionally, ePD’s research tools will be enhanced and incorporated into Xceligent’s research center.
“Providing REALTORS® specially priced access to Xceligent’s proactively researched market information and our new National Public Search platform will energize their businesses and increase their efficiency, allowing them more time to be in front of their clients instead of their computers,” says Doug Curry, founder and CEO of Xceligent.
Leveraging an efficient, research-focused model, Xceligent provides commercial real estate professionals with accurate and timely information on commercial real estate availabilities. Xceligent currently provides information services in 30 major U.S. metropolitan markets and has begun the national rollout to cover the top 65 U.S. markets in 36 months with premium research services.
Partnership Benefits Brokers and Agents
As part of NAR’s REALTOR Benefits® Program, Xceligent will be the Association’s exclusive provider of commercial real estate information services, including Xceligent’s flagship Premium Research Platform; a National Public Search Service for marketing properties; and the two commercial information exchange products gained through the ePropertyData acquisition, which are the Basic Broker Loaded Platform and Basic Research Platform.
“A strategic alliance with Xceligent represents the power of partnership within the real estate industry and, more importantly, reinforces the value brokers and their agents receive from NAR’s REALTOR Benefits® Program,” says Bob Goldberg, NAR senior vice president of Sales & Marketing, Business Development & Strategic Investments, Commercial Services, Professional Development, & Conventions. “With the acquisition of ePropertyData, Xceligent is a truly competitive alternative in the commercial real estate information services market.”
The new multi-year REALTOR Benefits® agreement with Xceligent offers a suite of commercial real estate services and preferred pricing for REALTORS®.
With more exposure than industry professionals have ever had, brokers and agents will gain the following:
• Search for Commercial Properties and Listings
-Use a step-by-step search process to find properties based on property type, geographic area and unique building characteristics. You can utilize predefined areas such as market, city or county; or draw a custom shape on a map.
• Market Your Listings
-Promote your listings to brokers in your local market or nationally, as well as to the general public in partnership with the Chamber and Economic Development websites.
-Enhance your listings by attaching marketing brochures, floor plans, site plans or other important marketing materials.
• Analyze Your Market
-Conduct vacancy and absorption analysis by property type and geographic area.
-Track the market’s changing conditions by immediately viewing new listings or changes to existing listings as they happen.
“Given that REALTORS® are at the heart of the deal, we want to significantly expand and enhance the public search capabilities beyond what is available today,” says NAR President Moe Veissi. “NAR continues to bring to bear best-of-class technology offerings and significant savings that enable our members to grow their businesses and lead the real estate industry.”