London investment manager picks PropTech PRODA
UK-based PropTech startup PRODA has today announced that Tristan Capital Partners has deployed its first-of-a-kind machine learning tool.
Tristan Capital Partners is an investment management boutique specialising in real estate, and it will use PRODA's product to capture, standardise and analyse rent roll data used in institutional real estate.
Designed for property investors, as well as banks, brokers and surveyors, PRODA lets users drag and drop rent rolls into the system. PRODA’s machine learning software can extract, standardise and quality-check all of the data, flagging anomalies, so insights can be generated.
Synthesising rent roll data sets by hand is time-consuming. Utilising machine learning, PRODA enables real estate professionals to solve this problem, without the requirement to restructure their existing workflows.
Peter Bredthauer (above), Co-founder and CEO of PRODA, said: “The Tristan team understands the power and opportunity that lie in automating the management of rent roll data; it also recognises how, by leveraging data sets, it can supercharge its decision-making processes.
"By normalising, cleaning, and error-checking multiple silos of tenancy data, PRODA provides a solid base that can be used to streamline further operations.”
Jean-Philippe Blangy, Senior Partner at Tristan Capital Partners, said: “At Tristan, we are increasingly looking for innovative technologies to improve efficiency and enhance the value we create for our clients. Rent roll data is the foundation of our day-to-day work in asset and investment management; it’s vital that it’s both accurate and consistent.
"PRODA takes away much of the legwork associated with managing these complex, dynamic data sets, enabling our teams to produce reports and access actionable insights at the touch of a button.”