Emerging Technology

EISNERAMPER:It's my pleasure today to introduce Tom Fink, Senior Vice President and Managing Director of Trepp LLC. Trepp was founded in 1979 and is the leading provider of information analytics and technology to the commercial mortgage backed securities, commercial real estate and banking markets. Welcome Tom. We see that the Trepp last week sponsored a CRE tech intersect. What are the other emerging technologies that we see are important in the marketplace?
Tom Fink:Well, I think one of the things that we see in the technology space, Aaron, is that first of all, commercial real estate still really loves it's paper and it’s spreadsheet, but we are beginning to see a lot more efforts and a lot more initiatives to put the information that makes real estate Martin's clip on the Internet so people can have access to it.

So again, people are still trying to serve the broker community. That seems to be a very popular target. Though, we're starting to see more and more technologies that are really targeted to the tenants and the people that, you know, rent a lot of space in the market to help them do that. We're also beginning to see the emergence of crowdsourcing and internet raising of capital, so it's no longer but a big pitch book together. Go to one institution after another, talk to your friends and neighbors. It's put it up on the website and let people come in and take advantage of the crowdsourcing. So I think we still have a long way to go before technology is really a factor in the commercial real estate market space, but I think it's still an exciting time. I still think there's a lot of room to grow.