Boston, MA (PRWEB) October 10, 2007
Resolve Technology, the leading provider of real estate investment solutions, announced today that First Potomac Realty Trust, a real estate investment trust focused on industrial properties and business parks, has chosen Resolve's flagship product Request, a web-based portfolio analysis solution, to gain enhanced data transparency and provide a total analytical perspective of its entire real estate investment portfolio. First Potomac can now provide its managers and executives easier access to timely reports and analysis to make informed decisions more quickly and better maximize returns.
"With our substantial growth over the past few years, we needed a powerful solution to conduct comprehensive reporting and analysis across our portfolio," said Jeff Harris, Director Finance, First Potomac Realty Trust. "Resolve Technology had the best solution for our needs. The Request platform brings together information from our accounting, underwriting, and forecast software into a single system, and allows us to monitor our investment performance across all levels of the enterprise, whether by region, acquisition date, or even building size. Request is also a modular system, so as our business grows and evolves and our needs change, it will adapt with us."
Chosen for Unique Ability to Aggregate Real Estate Data into a Unified View
First Potomac evaluated many industry solutions and chose Request for its extensibility and comprehensive functionality to facilitate information dissemination and gain enhanced data transparency. Previously, First Potomac had several disparate information systems that could not layer information to enable true insight and better-informed, more-timely decisions. With Request, First Potomac can easily integrate and standardize data from several, disparate sources, allowing executives instant and easy access to the most current information and deeper analysis across its entire portfolio. As a result, executives can quickly identify trends and better maximize investments.
Flexible, Web-Based Tool
Executives at First Potomac also value the flexibility of the solution to meet the unique needs of its users. As a web-based platform, Request combines a simple interface with a powerful back-end engine. The solution features easy "point and click" functionality to reports and executive dashboards, but also enables power users to dive down into the architecture to conduct detailed ad hoc analyses. In addition, Request's web-based platform offers First Potomac's remote offices easy access to the same set of data to conduct analysis.
"We are thrilled to be working with First Potomac and help executives optimize their investment returns," said Eric Forman, Founder & CEO, Resolve Technology. "Request empowers our customers to choose where, when, and how to access information and facilitates a smarter, faster decision making process. We are committed to working with First Potomac to efficiently deliver mission critical information to key users in a timely fashion."
About Resolve Technology
Capitalizing on in-depth understanding of the unique and elaborate processes involved in the management of real estate investments, Resolve Technology provides reporting and decision support solutions that enable real estate investment organizations to optimize the management of their portfolios.
Resolve's solutions integrate data from disparate sources to present timely and reliable information to decision makers throughout the organization. By automating data collection and presentation, Resolve removes the tedious labor and reliance on spreadsheets that hinder the ability of real estate investment organizations to access information and respond in a timely manner to changing market conditions.
Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over 2 billion square feet of real estate worth more than half a trillion dollars. Customers include State Street Bank and Trust, Prudential Real Estate Investors, Principal Global Investors, LaSalle Investment Management, UBS, Boston Properties, and Kimco Realty Corporation. Founded in 1990, Resolve is headquartered in Boston, Massachusetts. For more information visit http://www.resolvetech.com.
About First Potomac Realty Trust
First Potomac Realty Trust is a self-administered, self-managed real estate investment trust that focuses on owning and operating industrial properties and business parks in the Washington, D.C. metropolitan area and other major markets in Virginia and Maryland. The Company's portfolio totals approximately 11.4 million square feet. The Company's largest tenant is the U.S. Government.
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