According to RealConnex, the agreement will see the Miami Association of Realtors, and their 46,000 plus members, leverage the RealConnex platform to manage their properties and transactions. The platform wants to provide a wide variety of services for property investing – not just access to capital.
The Association is said to be working with RealConnex to add new features and improve design. RealConnex plans to roll out the program to other real estate associations accross the US.
RealConnex was founded to solve a problem faced by many real estate developers: funding mid-market projects and connecting to the right capital sources and service providers. RealConnex says it currently has a community of 72,000 developers, sponsors, capital sources, service providers and owners. It expects to reach the 100,000 member mark by the end of 2017. RealConnex claims it is on track to facilitate up to $1 billion dollars in transacted deals on its platform within the same time frame.
“RealConnex will provide our members with a powerful competitive advantage,” said Teresa Kinney, CEO of Miami Association of Realtors. “The platform will make it significantly easier for our members to collaborate, share, network and distribute listings locally, nationally and internationally.”
RealConnex founder and CEO Roy Abrams said he looked forward to extending their collaboration as they build out the network.
“As a New York- and Miami-based real estate technology startup, we are excited about working with MIAMI to offer better service to its member realtors and promote South Florida’s booming economy,” said Abrams.
Source: Crowdfund Insider