All Posts By

Nicole Chavez

QTIC

Inroads Realty’s Thad Beckner Launches PropTech Company

By | DFW Market, Retail

Leasing commercial real estate space is becoming faster, easier, and more efficient. Inroads Realty’s Thad Beckner has founded a PropTech company that is changing the way brokers are able to interact with prospective tenants, owners, and the entire CRE community.

“I’ve always been frustrated with the archaic way in which we do business, especially when it comes to handling leads, property performance reporting, and data collection,” Thad said. “And those that rely on people in our industry to do business have been frustrated as well.”

With Q.T.I.C. LLC (short for Quick Tenant Information Collection), Thad has created 3 major components:

  1. Lead generation/qualification tool that automatically collects information (by way of a very quick text survey) on prospective tenants from the first point/place of contact and sends the survey results to the listing broker via email.  There is a “give and take” aspect in which the app shares predetermined property information with the prospect on the spot.  This is to help solve certain pain points associated with our industry’s slow response time and lack of transparency.
  2. The app automatically gathers and organizes responses for each individual property so that brokers can quickly and easily share important property performance reports with ownership.
  3. The data collection aspect has far reaching potential. In the long term, the information will be incredibly useful to compare and predict demographic, economic, and social trends that impact various real estate markets and communities around the world.

According to Thad, “While the Commercial Real Estate industry has historically been hesitant to allow technology to change the way we handle day to day operations, times are changing.  If brokers in our business want to better serve their clients, simplify the process, and improve the bottom line, then implementing simple technology is the way to go.”

For more information on QTIC, contact Thad directly at tbeckner@inroadsrealty.com.

One Arts Plaza

One Arts Plaza

By | Company News, DFW Market, Retail

Inroads Realty is proud to announce the marketing addition of One Arts Plaza. Located in the heart of the Dallas Arts District, One Arts Plaza seamlessly blends upscale residences with a vibrant workplace and an inviting outdoor plaza offering multiple dining options.

For inquiries about available retail or restaurant space – please contact Mike Cagle or Taylor LeMaster.

Announcing Evaluation Services

By | Company News, DFW Market, Press Release

Inroads Realty, a Dallas-based retail real estate company, announced today a partnership with Arkansas-based CVC (Collateral Valuation Consultants) to provide evaluation services as an alternative to higher-priced appraisals.

These products are designed for loans that are non-federally related transactions (non-FRTs), which include:

  • Transactions in which the “transaction value” (generally the loan amount) is $250,000 or less for residential and $500,000 for commercial properties.
  • No limit on renewals, refinances, or other transactions involving existing extensions of credit as long as no new money is being funded; and
  • Real estate-secured business loans with a transaction value of $1,000,000 or less and when the sale of, or rental income derived from, real estate is not the primary source of repayment for the loan.

CVC has developed proprietary software to create reports that are very clean and easy to understand. The software allows the client to track the status from start to finish, as well as make any changes to the scope of work while communicating in real time with the evaluator via Forecast, which is designed to expedite the lending process and simplify client reporting.

The Texas group will be led by Drew Childress, who is a commercial appraiser with years of experience in commercial real estate. According to Mr. Childress, “The services we’re providing are not traditional appraisal products. Our services are extremely beneficial on the residential side to a potential homeowner who can obtain an evaluation of their property in lieu of a traditional appraisal for a significantly reduced price. The commercial product has many of the same advantages but is used more often for loan refinances, modifications and renewals. These products are great when time is of the essence and a full appraisal is not necessarily needed. Our evaluations are not USPAP compliant and are not meant to be in competition with other appraisal products.”