Eagle, CO (PRWEB) September 5, 2007
Penn Realty Advisors, Inc. has selected Virtual Deal Dox™ as its preferred provider of real estate broker software to support the communication and information exchange during client engagements. Virtual Deal Dox™, powered by V-Rooms™ technology, will serve as the organization's platform for exchanging confidential documents in conjunction with the real estate sales process and due diligence communications.
Penn Realty Advisors has successfully utilized Virtual Deal Dox™ real estate broker software on numerous client engagements to accelerate deal timelines and increase transaction efficiencies for their clients. These previous successes led Penn Realty Advisors to select Virtual Deal Dox™ as its preferred provider.
"In representing our private clients, it is paramount to create a solid investment climate thru consideration of a triple bottom line; that is, a return based upon economics, social influences and environmental values. We have found that the real estate due diligence process is considerably expedited with the Virtual Deal Dox™ platform," said David Gilbert, CCIM President and Managing Principal of Penn Realty Advisors (http://www.PRAInvestments.com). "Our clients and potential buyers are able to electronically access key information on a 24/7 basis, allowing us to work thru and close deals faster."
Virtual Deal Dox™ (http://www.VirtualDealDox.com) helps real estate brokers better manage the entire deal lifecycle, while reducing deal transaction costs. Virtual rooms expedite the marketing of the property and completely replace the physical "war rooms" traditionally used for due diligence and accelerate the deal cycle by enabling deal participants to review and securely collaborate on documents simultaneously and remotely.
"The market has been shifting over the past couple of years," said Dan Bradbary, Chief Executive Officer of Due Diligence Online, LLC, the parent company of Virtual Deal Dox™. "Real Estate Brokers are now aware of how virtual deal rooms can streamline the marketing and due diligence process. Regardless of the type of real estate transaction, i.e. commercial, industrial, investment property and even residential, the days of emailing, faxing and overnight delivery of documents are winding down. We are pleased that Penn Realty Advisors has chosen Virtual Deal Dox™ as its Virtual Deal Room provider."
About Penn Realty Advisors, Inc.
Located in Colorado's Vail Valley, Penn Realty Advisors, Inc., (Toll-free 1-888-579-0770) is a private real estate investment and brokerage firm. The firm specializes in the acquisition, due diligence and strategic planning of Sale/Leaseback situations, Credit-tenant net lease investments, IRC Section 1031 exchanges, as well as other investment property vehicles that benefit the firm's investor base. The firm structures its offerings primarily on a co-ownership platform to accommodate and maximize client investment requirements considering both risk and reward.
About Virtual Deal Dox™, a division of Due Diligence Online, LLC
Due Diligence Online, LLC (800-731-6379) provides a full service Virtual Deal Room solution, using its proprietary V-Rooms™ technology that is focused on the needs of mid cap businesses, and can manage the administrative details of transaction documents including scanning, uploading and organizing documents and files.
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