With more than 1,000 properties in their portfolio, Necessity Realty REIT (NYSE: RTL) manages everything from single tenant net lease assets, open-air, anchored, and grocery centers located in 48 states. It is a highly heterogenous mix of gas stations, outparcels, high end shopping, and community centers. Their tenants include national big box retailers such as Hobby Lobby and PetSmart.
Maintaining an inspection program for such a diverse group of properties keeps the Property Management team on their toes every week. As a long-time client of ID Plans, the executives at RTL felt comfortable enough with their relationship to ask for help solving a very specific problem. They needed inspection software that was integrated into their existing property data. RTL wanted to make better business decisions by having all their site plans and maintenance records consolidated under one platform. Frustrated with having multiple vendor relationships to coordinate, they contacted ID Plans to request the companies partner to build a new inspection product from scratch. The goal was to give RTL the ability to leverage the power of connections across the entire ID Plans software suite.
The project was wildly successful, and the full case study is available here:
Case Study – ID Inspect & Necessity Realty REIT.
“ID Inspect is a force multiplier for ID Plans Remote Property Manager platform. It helps owners and operators enhance lease up time, hold vendors and managers accountable and will help reduce touch times for remote assets.”
– Jay Kanik, Director of Property Management, AR Global
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