An Owner’s Perspective
A conversation with Raintree Partners and BI:Radix
“We care a great deal about historic and current real estate performance trends which help us understand both micro and macro market behaviors; BI:Radix is a tool which measures such, allowing us to be more predictive and proactive with our assets strategies.” Annette Thurman, Senior Director of Asset Management
Raintree Partners utilizes the cloud-based BI:Radix platform to provide competitive market data throughout its multifamily property holdings which include 32 assets totaling over 5,000 units.
“In all my years in multifamily, there has never been a comprehensive system to give us easy and reliable access to localized market information, much less layer in market trending information for a competitive set, and granular changes in performance over defined periods of time. BI:Radix has provided exactly that, allowing us and our management partners to be more effective and efficient with our efforts,” says Annette Thurman, Senior VP of Asset Management for Raintree Partners. “The platform is nothing short of terrific.”
Asset Manager Robynn Wheeler adds that, “The automation of the BI:Radix platform provides a continuity of data and information that vastly improves accuracy. We can better analyze opportunities for improvements or renovations. The ability to see the relationship between pricing and occupancy in specific markets over time allows us to highlight the bigger picture and better identify seasonality. This global view means we can hone into key performance or correction opportunities at the site level.”
Thurman emphasizes, “Not only does the automated reporting serve as a conversation starter with our management partners, BI:Radix has become an integral tool and a necessity in conjunction with the PMS and pricing platforms we utilize. It is an incredibly well-designed system.”
Blerim Zeqiri, CEO and Co-Founder of BI:Radix, is particularly excited about the Raintree partnership. “Annette touches on the very reason we developed the platform – frustration with the lack of available options for delivering data. It is gratifying to work with a company like Raintree Partners, which utilizes the platform so extensively and in exactly the way it was intended – as a tool to save time and provide deeper insights.”