We collect cookies to analyze our website traffic and performance; we never collect any personal data. Cookie Policy
Accept
The Tycoon Herald
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Reading: For CRE Entrepreneurs, Covid Proving Right Time For Innovation
Sign In
The Tycoon HeraldThe Tycoon Herald
Font ResizerAa
Search
  • Trending
  • World
  • Politics
  • Business
    • Business
    • Economy
    • Real Estate
    • Money
    • Crypto / NFT
  • Innovation
  • Lifestyle
    • Lifestyle
    • Food
    • Travel
    • Fashion
    • Leadership
  • Health
  • Sports
  • Entertainment
Have an existing account? Sign In
Follow US
© Tycoon Herald. All Rights Reserved.
For CRE Entrepreneurs, Covid Proving Right Time For Innovation
The Tycoon Herald > Business > For CRE Entrepreneurs, Covid Proving Right Time For Innovation
BusinessReal Estate

For CRE Entrepreneurs, Covid Proving Right Time For Innovation

Tycoon Herald
By Tycoon Herald 6 Min Read
Share
SHARE

AEBOV Industrial Real Estate Brokerage founder Daniel Tropp is among commercial real estate … [+] entrepreneurs leveraging proptech to bring clients higher levels of service.

AEBOV

The pandemic has left many small businesses battered and bruised. Others were killed off entirely by the impact of the Covid-19 virus. But for many emerging proptech firms in the commercial real estate space, the Covid era has been a boon to business.

So says Daniel Tropp, president and founder of Brooklyn, N.Y.-based AEBOV Industrial Real Estate Brokerage, which handles leasing, investment sales and research, and offers what Tropp terms “the industry’s most innovative real estate valuation process.”

During the course of the pandemic, many in the commercial real estate field have been awakened to emerging technology, Tropp says. That technology, he adds, “presented new ways to reach clients and new platforms to get information to them.”

Pandemic push

Tropp had spent a decade in investment sales in New York City, working for such luminaries as Ariel Property Advisors’ Shimon Shkury, before the emergence of Covid last year. “In March, when the pandemic started, I was part of layoffs and was let go from an international shop,” he recalls. “It was a gut punch that took time to process. But I started brainstorming. In hindsight, had the status quo been maintained, I might not have been forced to make the decision [to launch AEBOV] that I did.”   

 Tropp used the first months of the health and economic crisis to launch his business and examine processes and systems where fresh new efficiencies could be introduced.

Catching his attention was the valuation model used to examine the value of clients’ properties. Tropp decided to make that examination a more interactive process, enabling clients to sit down with AEBOV to view a polished presentation and alter the variables based on updated information.

MORE FOR YOU

In real time with the client, the AEBOV team uses the interactive process to adjust the taxes, rent roll, any ongoing appeals and specific expenses the client might envision. The process results in a more comprehensive understanding of the clients’ properties’ values and potential values. In addition, Tropp says, “It’s a lot more efficient, more engaging and dynamic for the client, and it’s greener because there’s no paper.”

Tropp also took pains to ensure AEBOV’s industrial listings stand out in the marketplace. He did so by incorporating fresh technology and advanced graphic design techniques into AEBOV’s marketing materials. As he has noted, “There has always been a lower standard among brokerages when it comes to marketing industrial property. We are committed to solving that problem.”

Other proptech

In the course of launching his business, Tropp was impressed with other entrepreneurs leveraging proptech to advance their own company fortunes during the pandemic.

Among those that have caught his eye are Development AI, a company founded by Carson Hess that analyzes zoning maps across different markets, using its proprietary software to identify possible underutilized properties.

Another, Basis Software, founded by Casey Panzer, works with Excel models to provide a deeper analysis of investors’ real estate portfolios. And Predicter, founded by Michael Pearce, provides a tool that aggregates and customizes all data real estate teams use to come to their final decisions.

“What ties us together is that over the course of the pandemic, working from home and starting businesses, people in the industry have been awakened to technology,” Tropp says, citing his own experience as an example. “Being in a mid-market shop for a very long time, and then a large shop for a number of years, your role there isn’t to look for new technology to incorporate into the business. It is to do the brokerage groundwork, make calls, generate business, generate and build a revenue stream and close deals.

“For me, once I started doing not just the brokerage work but all the ancillary things that come with building a business, I began looking at suites of software and services that could set my business apart and provide more and better service to clients.”

Like a number of other industries, commercial real estate confronted unprecedented challenges during the past year and a half, Tropp concludes.

But along with those headwinds came significant opportunities. “I believe commercial real estate companies that used that time to assess their business plans and incorporate new technologies are going to have more success in the future,” he says.

“We are already starting to see how new technologies are impacting virtually every area of our business . . . Those investments will continue to pay dividends for innovative companies that are now better positioned to reach potential clients more effectively and offer those clients smarter, more efficient solutions.”

You Might Also Like

Astana International Forum 2025: “Connecting Minds, Shaping the Future”

Investment success: GP Fatih Marketing Research Co LLC and the gold dream in Africa

Gaza residents stream dwelling to the north after hostage breakthrough By Reuters

Greenback positive factors on tariffs fears; euro seems to be to ECB assembly By Investing.com

EQT Real Estate acquires 12-building logistics assemblage positioned in key Northern Italian submarkets By Investing.com

TAGGED:Real EstateThe Forbes Journal
Share This Article
Facebook Twitter Email Copy Link Print
Ladies’s World Cup to develop to 48 groups after FIFA agrees transfer from 2031 match
Sports

Ladies’s World Cup to develop to 48 groups after FIFA agrees transfer from 2031 match

The Ladies's World Cup will probably be expanded from 32 to 48 groups in time for the 2035 match in the UK.The choice was taken throughout a digital FIFA Council…

By Tycoon Herald 3 Min Read
Trump Proves Doubters Fallacious Once more With Large Commerce Deal
May 9, 2025
Donald Trump indicators openness to slicing China tariffs forward of Geneva talks
May 9, 2025
Pope Leo’s stance on key points, from local weather change to LGBTQ+ rights to U.S. politics
May 9, 2025
Controversial L.A. Graffiti Home Previously Owned by Chris Brown Again on Market
May 9, 2025

You Might Also Like

Oil falls as Trump repeats name for OPEC to chop costs By Reuters
Business

Oil falls as Trump repeats name for OPEC to chop costs By Reuters

By Tycoon Herald 4 Min Read
Auschwitz survivors to mark eightieth anniversary of camp’s liberation By Reuters
Business

Auschwitz survivors to mark eightieth anniversary of camp’s liberation By Reuters

By Tycoon Herald 3 Min Read
Chinese language AI startup DeepSeek overtakes ChatGPT on Apple App Retailer By Reuters
Business

Chinese language AI startup DeepSeek overtakes ChatGPT on Apple App Retailer By Reuters

By Tycoon Herald 2 Min Read

More Popular from Tycoon Herald

MEET THE FATHER OF COADUNATE ECONOMIC MODEL
BusinessTrending

MEET THE FATHER OF COADUNATE ECONOMIC MODEL

By Tycoon Herald 2 Min Read
Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

Woman Sentenced to 7 Days in Jail for Walking in Yellowstone’s Thermal Area

By Tycoon Herald
Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments
InnovationTrending

Empowering Fintech Innovation: Swiss Options Partners with Stripe to Transform Digital Payments

By Tycoon Herald 7 Min Read
Crypto / NFT

Prime NFT Collections – February 8, 2025

Prime NFT Collections (Final 24h) Listed here are the most well liked NFT Collections of the…

By Tycoon Herald
Economy

FirstFT: Biden says Israel and Lebanon settle for ceasefire deal

This text is an on-site model of our FirstFT e-newsletter. Subscribers can signal as much as…

By Tycoon Herald
Trending

U.S. Blew Up a C.I.A. Post Used to Evacuate At-Risk Afghans

A controlled detonation by American forces that was heard throughout Kabul has destroyed Eagle Base, the…

By Tycoon Herald
Leadership

Northern Lights: 17 Best Places To See Them In 2021

Who doesn’t dream of seeing the northern lights? According to a new survey conducted by Hilton, 59% of Americans…

By Tycoon Herald
Real Estate

Exploring Bigfork, Montana: A Little Town On A Big Pond

Bigfork, Montana, offers picturesque paradise in the northern wilderness. National Parks Realty With the melting of…

By Tycoon Herald
Leadership

Leaders Need To Know Character Could Be Vital For Corporate Culture

Disney's unique culture encourages young employees to turn up for work with smiles on their faces.…

By Tycoon Herald
The Tycoon Herald

Tycoon Herald: Your instant connection to breaking stories and live updates. Stay informed with our real-time coverage across politics, tech, entertainment, and more. Your reliable source for 24/7 news.

Company

  • About Us
  • Newsroom Policies & Standards
  • Diversity & Inclusion
  • Careers
  • Media & Community Relations
  • WP Creative Group
  • Accessibility Statement

Contact Us

  • Contact Us
  • Contact Customer Care
  • Advertise
  • Licensing & Syndication
  • Request a Correction
  • Contact the Newsroom
  • Send a News Tip
  • Report a Vulnerability

Terms of Use

  • Digital Products Terms of Sale
  • Terms of Service
  • Privacy Policy
  • Cookie Settings
  • Submissions & Discussion Policy
  • RSS Terms of Service
  • Ad Choices
© Tycoon Herald. All Rights Reserved.
Welcome Back!

Sign in to your account

Lost your password?