REMLogics, a real estate management ERP product provider, today announced being selected by Hartman Income REIT Management, Inc. to manage its $809 million portfolio of commercial real estate properties, according to a press release.
The company says it will use the REMLogics’ ERP (Enterprise Resource Planning) platform to manage a wide range of aspects in the property management segment, including customer relationships (CRM), deal flow, properties, tenants, leases, billing, finance and accounting workflows, investments and investors information, and real-time reporting.
REMLogics will provide these services through its cloud-native real estate management applications, built on enterprise-level no-code development platform.
Founded in 1983, Hartman is a Houston-based property owner and management company of retail, industrial and warehouse assets across Texas. Key markets for the REIT include Houston, Dallas and San Antonio, with the company stating its holdings include over eight million total square feet with over 2,200 tenant leases.
“We selected REMLogics because their modern platform can adopt new technologies as they are introduced, integrate using industry standard REST API endpoints, and provide mobile-ready applications right out-of-the-box,” stated Daniel Robinson, Chief Information Officer of Hartman, in the release.
The CIO also stated that the selection is intended to support an aggressive growth strategy. While Hartman currently owns and manages 59 properties, it reviews more than 600 properties per year for acquisition, according to its website.
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“In order to support our aggressive growth strategy we needed a real estate management ERP solution that would automatically scale with our business and provide flexible, automated workflows. With REMLogics we are able to make the applications our own and provide our team with a far more superior ERP than we have currently.” Robinson said.
In other recent proptech news, View announced its new smart building cloud product that will offer end-to-end system management and cybersecurity. Rising mortgage rates also have continued to fuel rental demand, with the Consumer Price Index up 8.6% year-over-year.