VTS Announces Launch of VTS AI – Transforming Real Estate Technology by Enhancing Everyday Workflows and Providing Unparalleled Insights
VTS AI redefines the capabilities of work across real estate with automated workflows and personalized insights – freeing teams to focus on meaningful tasks with the greatest impact
NEW YORK --(BUSINESS WIRE)
VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced the launch of their new artificial intelligence offering, VTS AI – powered by the most advanced data and technology stack in the industry. VTS AI represents the next evolution of real estate technology, enhancing teams where work already happens and providing the foundation for unprecedented AI-driven workflows and insights across the entire platform.
The initial rollout introduces three breakthrough capabilities that demonstrate VTS AI's transformative potential and time savings for users. Leveraging both agentic and generative AI, these features represent the first wave of AI enhancements that will continue expanding across the entire VTS platform. Each of these newly launched VTS AI features directly address pain-points professionals across the industry are facing and simplifies their day-to-day work by automating many everyday tasks:
- Proposal AI – Powered by generative AI, this solution enables leasing and asset teams to automate proposal entry by leveraging existing documentation, model the deal by providing detailed cash flows and budget comparisons, and ensures greater data cleanliness and accuracy by diminishing hurdles and friction to entry, providing time savings of 93%, and saving over 25,000 hours of manual work annually. Users upload a lease proposal or LOI, and the solution extracts data and recognizes key terms – filling in the vacant fields in a proposal form. The user can then review before submitting the proposal, ensuring more seamless and accurate deal management, while capturing greater data to drive AI strategies.
- VTS Analyst – An AI-powered copilot that provides instant insights and contextual market comparisons by leveraging VTS Data to supply quick answers about the office market, powered by the largest, highest quality, and most forward-looking data set in CRE. The new digital analyst will be able to answer users’ questions, rapidly providing actionable insights and faster decision-making for investing, budgeting, and more.
- Work Order AI – A new integrated solution allowing VTS Activate users to submit work order requests directly via voice or text without needing to access the VTS Activate app, providing an 80% reduction in time. Generative AI parses the copy in the email and extracts key details pertaining to the request, which is mapped into standardized form fields, successfully completing the request, acting as the first line of defense for property managers.
Each VTS AI capability leverages VTS' proprietary advantages – the largest, highest-quality dataset in commercial real estate, as well as inside workflows that have become the gold standard for leading firms. This unique foundation enables VTS AI to deliver results that existing AI solutions simply cannot match. Unlike standalone AI tools that require new workflows and extensive training, VTS AI seamlessly integrates into the daily operations teams already rely on, delivering immediate value while establishing the data foundation essential for tomorrow's AI opportunities. This strategic AI initiative transforms VTS from a workflow and analytics platform into the industry's most powerful AI-enhanced ecosystem, where every interaction generates better data and smarter insights.
“The launch of VTS AI is the next step in our journey to provide the best technology solutions to our customers and the industry. As the leading provider of proptech, we’ve been intentionally listening to the pain-points of our customers, as well as examining current frictions taking place around the industry, and have been committed to addressing these with AI in a credible way,” said Nick Romito, CEO of VTS. “VTS is where real estate works. We bring every person, process, and AI agent together in one trusted platform, so the industry can move faster, smarter, and more profitably.”
“We’ve heard resounding feedback from customers asking for technology to reduce friction in their day-to-day processes and help them get more of their time back to focus on work that delivers the most value,” said Ryan Masiello, Chief Strategy Officer of VTS. “VTS AI provides the industry with a platform to leverage the best intelligence and insights available to generate outcomes faster, reduce a number of manual tasks, and integrate directly with their teams to optimize efficiency.”
“It’s important our teams have the best tools available to operate with the utmost efficiency while gaining the most valuable insights that allow us to dictate strategy with precision,” said Soheil Pourhashemi, Executive Vice President of Technology at Brookfield Properties. “VTS AI provides us with a strategic advantage across all asset classes that automates workflows to give time back to our teams for the most meaningful work."
For more information, visit vts.com/ai
About VTS
VTS is the industry's only technology platform that unifies owners, operators, brokers, and their customers across the commercial and residential real estate ecosystems. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party insights and collaboration engine in the industry, transforming how strategic decisions are made and executed by real estate professionals across the globe.
With the VTS Platform, consisting ofVTS Lease, VTS Market, VTS Activate, and VTS Data, every stakeholder in real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 13 billion square feet of office, residential, retail, and industrial space is managed through our platform worldwide. VTS is utilized by over 45,000 professionals and over 1.2 million total users, including industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com.
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