Online commercial real estate marketplace Real Capital Markets has provided a few insights on its activities over the last year, revealing it facilitated the disposition of 5,121 commercial properties, bank REO and loans, connecting buyers and sellers in 75 different countries throughout 2015.
According to Steve Shanahan, Executive Managing Director of Real Capital Markets, 2015 was therefore a record-breaking year for CRE dispositions for Real Capital Markets.
“Year-over-year we’re still seeing healthy price growth with national and international sales volume increases of 14% and 32%, respectively,” Shanahan said. “While RCM is predominately known for serving institutional players, we continue to see a wide range of individual investors and small investor groups looking for commercial assets on our Marketplace. The number of new RCM users steadily increased in 2015, with more than 1,300 new brokers and nearly 3,000 new qualified principals leveraging RCM for the first time.”
Real Capital Markets is claiming leadership of the online CRE industry with regard to online transactions over the past year. It claimed almost 40,000 assignments worth in excess of $1.5 trillion.
This record-breaking year of transactions came during a busy year for Real Capital Markets on the technology front, as it introduced a number of key updates to its platform. These include the launch of CBRE Deal Flow, a customized version of its platform that provides a singular source for CBRE property sales, loan sales and financing, as well as the launch of RCM Insight, a new tool that collects and aggregates data for CRE brokerages and investors.
Real Capital Markets said total transaction consideration of its RCM marketplace hit $1.5 trillion for the year, as it facilitated the online auction and close of more than $160,000,000 in commercial property and loans. Last year also saw the company launch a new multifaceted brand strategy with a revamped website, and it was also named as a Microsoft Gold Certified Partner.