Benchmark: Real-Time Market Data and Insight for Optimal Asset Performance

Benchmark

Transparent Multifamily Market Data in Real Time for Optimizing Asset Performance

Radix helps multifamily organizations drive top line revenue by equipping teams with the tools to gather reliable and insightful market data in real time. Benchmark is the multifamily industry’s first shared data ecosystem of 8M+ units on platform and counting. This allows for seamless market survey information collection that is more efficient and accurate than standard methods. Benchmark does away with old industry processes for data collection – web scrapping, call centers, etc., and delivers information in an on-demand fashion with real-time accuracy.

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Benchmark in numbers

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HIGHER NET EFFECTIVE RENT

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HIGHER LEASED PERCENTAGE

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HIGHER OCCUPANCY

8 - 0

HOURS LESS WORK MONTHLY

How Benchmark Drives Value

Benchmark allows customers to identify and analyze their market positioning within a comparable property set all in one location. This is done by picking your own comp set from existing properties based on numerous factors including floor plans, fees, deposits, amenities, and other insights derived from the platform. In addition, because the Radix platform is a shared ecosystem, customers can see which properties consider their properties to be a comp and then decide whether those properties are direct comps as well. Benchmark customers can also use the maps function to see what additional surrounding properties are similar to their own properties to add to their dashboard.

Market Surveys can be labor intensive and expensive. More time is spent compiling the data as opposed to leveraging analysis to make sound business decisions. Current market survey solutions require on-going maintenance and updates. This results in diverging templates, formats, and other headaches for corporate leaders. Benchmark focuses on data integrity, which saves properties time and eliminates user input errors. Benchmark increases market knowledge by providing interactive, real-time graphs, charts and customizable reports for a single property or a portfolio of properties.

Benchmark improves cross-team collobartion and communication by ensuring data is uniform and viewable by on-sites, corporate, and ownership teams all in the same platform viewing the same data in real-time. Benchmark provides Radix clients with actionable insights and the ability to spot opportunities for performance improvements. This includes unlimited perspectives such as tracking separately renovated, affordable, or unique floor plans. Radix Benchmark also provides easy trend analysis tools, and reporting consistency and automation features which improve data usefulness. With Radix Benchmark, customers can actually benchmark their property against their competition and evaluate how they are trending based on their specific property and strategy.

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Benchmark Features

Dashboard

Portfolio View

Single Property View

Surveys and SurveySwap

Surveys Page

SurveySwap

Performance powered by insights

Perspectives

Reporting

Check out more on what Radix is doing!

What customers are saying about Benchmark

Radix streamlines our market survey process, it really helps the people in site not have to call the other communities to get the market survey information really using the sharing process to be able to get the information immediately, and then for our analysts looking at the market surveys as a comparing our communities with other communities, not having to call just using the data that’s already there.

Marcie W.

CEO

I think what Radix brings is something unique. The market survey process is never super accurate and I feel like you’re always wanting to get them the best data possible because we use it to make real-time decisions on pricing on occupancy and how to really drive the performance of the property. I feel like Radix Benchmark allows for ease of use because the dashboards are very user-friendly. The other part that’s great is anytime you have a new team member there’s immediate training available, and there’s software support.

Laura D.

Senior Director

I’ve been a huge fan of Radix SurveySwap. Would highly recommend Radix for Market Survey needs. Working with their team continues to be an outstanding experience. I have used Radix now for Two Property Management Groups. The Radix Survey is extensive and support is excellent.

Tammy L.

Property Manager

All I can say ever since I have been working on the Radix Survey, the Support Team has been amazing. They are readily available for me and has exceeded my expectations every time. I have never seen such Team Work and the Customer Service I received is over 100%. Thank you for the assistance you have been provided. Jacqueline Manalastas from Mason & Main

Jacqueline M.

Property Manager