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Democratisation through digitisation

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Richard Yorke
Director, Investment Products at CoStar
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Reimagining Real Estate
July 27, 2020, New York, USA
Reimagining Real Estate
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Richard Yorke
Director, Investment Products at CoStar

Twenty years experience working in real estate and information technology, predominately in leadership, consultancy, research, and business development roles.Successful track record of building diverse teams and networks, developing new SaaS products, opening up new geographic markets, and generating £ millions of revenues for employers and clients. Highly experienced in applying quantitative and qualitative analytical techniques to real estate and general business issues.I am a director of CoStar based in London. CoStar is probably the most exciting business in real estate. And one of the most valuable with a market cap of over $20 billion. Combining state of the art technology with the industry's best data to provide clients with powerful insights into market activity and opportunities. Real time data, metrics, analytics, and on-line tools enable our clients to make more profitable decisions. I and my teams are helping to create additional value by extending CoStar's footprint into new property verticals, types and territories to create a global information, transaction management and marketing platform, leveraging the company's premier position in the United States.

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About the talk

Richard Yorke, Director, Investment Products, at CoStar Group, leads this session that explores how the digitisation of commercial real estate information and workflows has levelled the playing field for firms of all sizes, with consideration for how COVID-19 might impact this trend.

00:10 Intro

02:11 Digitalization

05:45 CRE

06:50 COVID crisis

08:31 Customers

10:10 API

14:10 CoStar expansions

17:56 COVID-19 impact on real estate

23:20 New generation of CRE

26:45 Next PropTech enhancements for CoStar

29:05 Data

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Well. Welcome, everyone. Looking at the counter. I'm pleased not to be talking to myself for a change. I'm doubly pleased that you can hear me this time apologies if you tuned in yesterday and you couldn't hear me. I'm Richard Yorke. I'm a Director at the CoStar Group. For those of you who don't know CoStar, is in my opinion the most successful property and technology business in the world. It's a Fortune 500 company with the market cap of 28 billion dollars and is the most valuable company of its type. Anyway, our Founder and CEO Andrew Florance is a force of

nature and a visionary. He grasped before most others the potential transformational change to know you could bring to be a state. and he's doing just that and doing it very successfully. For my small part, I've worked at real estate and information technology for over 20 years, I've worked for a number of brokers, investors, and Information Technology businesses over that period. I'm also a member of the RICS and I'm currently leading CoStars investment sales products

Over 240 billion dollars of property was listed for sale on the CoStar network last year and we plan to significantly improve our volume and value of the sale listings supported by the release of new additional innovative features on the platform in a good position to muse about the topic of democratization, true digitalization of commercial real estate. Democratization through digitalization. That's what I want to talk about. What do I mean by that

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