JLL Spark, a division of JLL, has announced that its JLL Spark Global Venture Fund has invested in Dealpath, the leading global provider of cloud-based technology for evaluating and managing real estate transactions.
Based in San Francisco, Dealpath pioneered real estate deal management software and is now supporting more than $500 billion in transaction volume with hundreds of leading institutions across the world.
Dealpath is a purpose-built, cloud-based software platform for real estate investment and development teams. The platform serves as a central hub for deal evaluation and execution by bringing together deal information, critical property data and transactional documents into a single, efficient workspace for deal execution.
By combining collaboration tools, workflow automation, reporting, pipeline tracking and visualized deal analytics, Dealpath’s platform eliminates manual and repetitive tasks and delivers a return on investment of more than 475 percent (annual average). Dealpath customers have reduced due diligence and underwriting errors by 18 percent through improved communication, centralized information and process standardization. By automatically collecting and formatting data into custom real estate templates, users reduce deal turn around time by an average of 87 percent, which significantly reduces the time to evaluate and execute new investment opportunities from weeks to days.
