CRE Tech Overview by User Type & Collaborative vs. Local

Real Estate Data

• CoStar - $32B market cap CRE data provider
• CompStak - CRE sales & lease data

Commercial Marketplaces

• LoopNet - Purchased by CoStar for $860M
• TenX - Purchased by CoStar for $190M
• Lev - Debt marketplace
• Capitolis - Traditional Wall Street financing marketplace for secondaries

Brokerage Software

• Lightbox - Broker marketing and deal rooms
• Buildout

Workflow Tools

• Altus Group - Owner of Argus, the primary CRE modeling software. $2.5B market cap
• Dealpath - Internal deal tracking software
• VTS - Leasing software for brokers and property managers
• Termsheet - Internal deal tracking software, Dealpath competitor

Fund Administration