Wood Partners Achieves Measurable Success with Selection of the BI:Radix Nexgen Market Data Platform

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BI:Radix provides automation of the data-gathering process and presents reporting in a simplified and intuitive platform. Wood Partners has seen measurable benefit, including annual labor timesaving of up to 120 hours per property, reflecting up to $2,440 in annual savings per property.

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“The key for me is the simplicity of reporting and ease of use that BI:Radix provides..Having such a clear picture of how rents are moving definitely impacts top line revenue.” - Jared Wicker, Manager of Operations, Wood Partners

Wood Partners core culture is to empower associates to act as owner-operators and achieve maximum results. In analyzing the various platforms and methodologies used throughout the organization for gathering competitive data, it became apparent over time that there were significant challenges with ease-of-use and time spent gathering data, as well as a fragmented ability to export and marry data with internal systems. A better solution was needed, and BI:Radix became the platform of choice.

“The key for me is the simplicity of reporting and ease of use that BI:Radix provides,” says Jared Wicker, Manager of Operations for Wood Partners. “I can see what our pricing has been vs. competitors in an easily manipulated format, and can search back as far as I like. I also have the ability to export data in a format that works with our other BI tools, with many time saving features vs. what we were using before. It is much easier to spot input errors and see trends. Having such a clear picture of how rents are moving definitely impacts top line revenue.”

“Wood Partners has been one of our earliest clients, and we are honored to partner with a first-class developer and operator of their caliber,” says CEO and Co-founder Blerim Zeqiri. “Wood Partners is a company that drives decision-making based on empirical data and analyses and the company has embraced BI:Radix platform to help them make better decisions at the onsite and corporate level.”

BI:Radix provides automation of the data-gathering process and presents reporting in a simplified and intuitive platform. Wood Partners has seen measurable benefit, including annual labor timesaving of up to 120 hours per property, reflecting up to $2,440 in annual savings per property. The full case study can be read here – Wood Partners Case Study. According to Elizabeth Schulz, property director of Altera Highland, “I no longer need to manually calculate concessions, track history, etc. It’s nice to open up the platform and see the past, however long, and easily reference rent increases or reductions. Seeing your ranking at PSF or net effective is very convenient! If I had to call comps myself, it would take 3 hours of my time!”

About BI:Radix
BI:Radix is a market survey platform designed specifically for the multifamily housing industry to provide actionable data and analytical tools that allow owners and operators to accurately assess and strengthen their position in the competitive marketplace. Since inception in 2015, the BI:Radix platform focuses on streamlining the market survey process to save time and money, while creating greater data consistency and broader collaboration within the organization. BI:Radix provides unique, intuitive insight on complex and ambiguous data, empowering users to improve performance through more informed decisions.

To Contact BI:Radix please email: info(at)biradix(dot)com or call: 602-892-4788

About Wood Partners
Wood Partners is a national real estate development company that acquires, develops, constructs and property manages high density and mixed-use communities. It ranks consistently among the top five multifamily developers in the country. Through quality construction, responsible land development and intelligent design, its communities reflect the aesthetic and social fabric of the community and provide a luxurious living experience at a fair price. The company has been involved in the acquisition and development of more than 70,000 homes with a combined capitalization of more than $11.5 billion nationwide. The company currently owns 70 properties with a combined total of 20,000 units. Wood Partners has offices in 17 major markets nationwide including Atlanta, Austin, Boston, Charlotte, Chicago, Dallas, Denver, Houston, Southern California, Orlando, Phoenix, Raleigh-Durham, San Francisco, Seattle, Washington, D.C., and West Palm Beach. To learn more about Wood Partners, please visit WoodPartners.com.

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Blerim Zeqiri
BI:Radix
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