The MIT Center for Real Estate in Boston, MA and Orevco, a commercial real estate technology company, launched a partnership in July 2015 under which the Center aims to aid the Seattle, WA firm in its work to impact the commercial real estate brokerage industry. A private commercial real estate exchange, Orevco offers two products that use sophisticated predictive analytics to help property owners make the most beneficial decisions when selling a property. The two product offerings are Orevco Property Valuation Reports and the Orevco Property Sales Platform.
Since its founding in 1983, the MIT Center for Real Estate has partnered with organizations in every sector of the global real estate industry. Existing partners include CREW Network, Lawrence, KS; GeoTel, Lake Mary, FL; Hines, Houston, TX; Prologis, San Francisco, CA; and REAL Capital Analytics, NY. Uniting industry leaders with MIT’s distinguished researchers and students, the selective industry partnership program advances the art and science of international real estate, and bridges the gap between theory and practice.
According to the company, Orevco’s proprietary digital platform was meticulously designed with utmost quality and efficiency to maximize the prices and minimize the timelines to sell properties. The firm was founded to modernize the buying and selling of commercial real estate.
Orevco Property Valuation Reports are custom reports on commercial properties, based on Orevco’s predictive analytics and cutting-edge technologies. The reports are accurate, comprehensive (yet simple), informative, and intelligible property valuation reports. Each Orevco Report empowers a property owner to confidently determine the right time to sell his or her property.
The Orevco Property Sales Platform is a digital marketing and sales system for commercial
properties. The platform was designed to be the industry’s most advanced such system, by pairing sophisticated predictive analytics with “Six Sigma” and “Lean” (quality and efficiency maximization methodologies, respectively). The Orevco Platform provides a property owner the insight to maximize the price and minimize the timeline to sell his or her property, and also receive a guaranteed sale price and date.