The DrawBridge has broad application and will be an absolute game-changer for any transaction involving environmentally-challenged ‘brownfield’ properties.
Chicago, IL (PRWEB) September 29, 2015
DrawBridge Solutions, an elmspring accelerator participant, is announcing their groundbreaking technological platform. DrawBridge synthesizes a broad spectrum of relevant data, analytics, GIS-mapping and communication elements to provide a one-stop solution for all parties to a potential transaction.
Describing its potential market impact, Co-Founder and CEO, Adam Meek (a former Partner in the Real Estate Group at DLA Piper – the world’s largest real estate law firm) says, “The DrawBridge has broad application and will be an absolute game-changer for any transaction involving environmentally-challenged ‘brownfield’ properties.” By generating, processing and exchanging transaction-critical information in a new way, DrawBridge breaks through current obstacles and bridges common gaps among the parties to put challenged – often paralyzed – sites back into use and revitalize communities.
With over 80 years of transactional experience in the property redevelopment industry, DrawBridge possesses the expertise and knowledge needed to facilitate brownfield revitalization transactions. The DrawBridge is an integrated database that aggregates multiple categories of key “deal driver” information from a wide range of sources to create a wide range of tools and resources, including expert reports and analytics that would be difficult and very expensive to try to obtain from other piecemeal sources. A dynamic and interactive web-based platform is used to present the results and supporting information, assisting property sellers and buyers. Use of advanced and interactive dashboards will be of particular value to executives and decision-makers.
DrawBridge is a unique platform, allowing sellers to use the assessment to understand property value and recovery potential. They are able to target appropriate and qualified buyers in a confidential and controlled manner. It becomes an assessment tool helping targeted buyers expedite the underwriting and due diligence process leading to faster purchase offers with fewer contingencies.
The DrawBridge platform can be utilized to support the identification of community needs and objectives. DrawBridge defines the area’s “alpha sites” – specifically, underutilized real estate assets whose strategic redevelopment will catalyze community wide revitalization. It then becomes a vital tool to identify appropriate qualified developers for targeted marketing.
“DrawBridge is a completely different approach to real estate technology,” Founder of elmspring, Tom Bretz says, “This is the type of innovation we like to see in our accelerator program.”
David White, Co-Founder and COO, says, “I am excited about how DrawBridge will open new doors in the property redevelopment industry and positively impact the growth of communities.”
DrawBridge brings the expertise to break barriers and bridge gaps in community revitalization in a way that hasn’t been done before.