Company Overview
NavigatorCRE is a pioneering data platform specializing in data analytics, management, security, and user interface/user experience (UI/UX) tailored for the commercial real estate (CRE) sector. The company is headquartered in Seattle, Washington, with a substantial presence in Dallas, Los Angeles, and London.
Company Background
Founded as a concept in 2008 by Taylor Odegard, NavigatorCRE officially launched around 2014 following its co-founding by Odegard, Brett Hartzell, and Russ Johnson. The collaboration led to significant investments, raising $17.2 million in Series A funding, marking its presence in major CRE markets and industry events.
Leadership
- Taylor Odegard: Co-Founder and CEO, instrumental in the development of NavigatorCRE, with deep expertise in commercial real estate and data innovation.
- Russ Johnson: Co-Founder, critical to organizational formation and strategic capital acquisition.
- Brett Hartzell: Expanded platform's reach by engaging top CRE owners, enhancing influence and adoption.
Industry Impact
NavigatorCRE is an industry leader in commercial and corporate real estate data analytics, serving key sectors including Real Estate Investment Trusts (REITs), Asset Managers, Global Corporate Services (GCS), Occupiers, and Developers. It simplifies data integration and visualization across diverse asset categories, bolstering data-driven decision-making.
Technological Excellence
The platform is a sophisticated multi-tenant SaaS solution certified with SOC 2, ensuring robust data security and integrity. Their offering integrates advanced geospatial data with tools like Google Maps combined with business intelligence analytics.
Strategic Initiatives
Strategic partnerships, such as with Occuspace, enhance office space utilization insights, aligning with NavigatorCRE’s mission to provide comprehensive data solutions. Collaborations contribute to optimized operational efficiency and proactive facility management.
Financial Performance
NavigatorCRE reportedly secured $17.2 million in Series A funding and continues its growth trajectory by aiming to double staff size. The company is privately held, earning between $5 to $25 million in annual revenue, with recent reports indicating $7.5 million in revenue and a team of 23 employees.
Key Achievements
- Patented BI Platform: Known for transforming data integration and visualization in the commercial real estate sector.
- Industry Recognition: Acknowledged at prestigious events like TechCrunch Disrupt.
- Diverse Expertise: Team comprises experts in CRE, data sciences, software engineering, and business intelligence.
Competitor Profiling
NavigatorCRE operates in a competitive landscape of real estate data and analytics providers:
CoreLogic
- Industry Focus: Financial services and real estate analytics.
- Features: Comprehensive property insights and market analytics.
- Financials: Reported $1.762 billion in 2019 revenue; employs over 5,100 globally.
- Location: Irvine, California.
CoStar Group
- Industry Focus: Commercial property technology and analytics.
- Features: Includes marketplaces like Apartments.com and LoopNet.
- Financials: Generated $2.46 billion in 2023 revenue with 6,152 employees.
- Location: Washington, D.C.
Real Capital Analytics
- Industry Focus: Commercial real estate transactions and data.
- Features: Global transaction insights and market trend analysis.
Reonomy
- Industry Focus: AI-driven commercial real estate intelligence.
- Features: Provides actionable data insights and off-market opportunities.
- Ownership: Acquired by Altus Group in November 2021.
Green Street
- Industry Focus: Real estate research and advisory services.
- Features: Provides data, analytics, and strategic advisory focused on CRE.
- Presence: Active in North America and Europe.
NavigatorCRE maintains a prominent position in the commercial real estate data market amidst competition from firms offering varied solutions, emphasizing the importance of strategic alliances and robust data capabilities in sustaining market presence.
