Real estate portfolio software is searched for by two different people, and this page is written for one of them: the portfolio lead at a real estate fund, who keeps the assets as holdings and reports on the portfolio, rather than the operator who runs the buildings. Real estate reporting software for a fund reports the holdings' marks, income and KPIs by quarter; private equity real estate software is the same record inside a private equity manager's real estate strategy. This page is what the fund's record keeps on each asset, how the roll-forward and the analytics read over a book of buildings, and where the operator's software, the tenants, the leases and the rent, stops being this record's business.
Each asset as a holding
The equity invested, the fund's share of the vehicle that owns the building, the mark the fund carries the asset at (an appraisal, a cap rate the fund's policy applies, or cost, as the policy says) and the KPIs the fund reports on it each quarter: occupancy, net operating income, debt service coverage. The portfolio monitoring worksheet works one asset's position from cost, share and mark exactly as it works a company's.
The roll-forward over a book of buildings
Opening marks plus acquisitions at cost, less the cost of the disposals, plus the net revaluation on what is held, is the closing value; proceeds less the cost of what was sold is the realised gain. $58,000,000 to $63,000,000 through $6,000,000 acquired, $2,000,000 sold for $5,000,000 and $1,000,000 of revaluation on the worked example, 6.9% on opening. The portfolio valuation roll-forward works it from five figures.
The analytics: concentration matters more here
A real estate fund holds fewer, larger positions than a venture fund, so the largest asset's share of the book and the assets marked below cost are the figures the partners ask for first. The private equity portfolio analytics worksheet works both, with the realised and unrealised multiples, from the fund's own figures and publishes no benchmark cap rate or yield.
Where the building's software stops
Tenants, leases, rent collection, maintenance and the building's operating ledger are the operator's and the property ventures' on this estate; this record takes the building's net operating income as a reported KPI and stops there. The fund's own investors, capital calls and reports to them are the relationship venture's at rapportvo.com. Real estate portfolio software here is the holdings side of the fund.
Questions people ask about real estate portfolio software
Is real estate portfolio software the same as property management software?
No. Property management runs the buildings, tenants and rent for an operator; that is another venture's subject. Real estate portfolio software here keeps the fund's assets as holdings, with cost, share, mark and quarterly KPIs, and works the roll-forward and the analytics.
How does a real estate fund mark its assets?
By its own valuation policy: an appraisal, a cap rate applied to net operating income, or cost. LPreportly takes the mark as an input and publishes no cap rate and no appraisal method.
Does real estate reporting software here report to the fund's investors?
No. The investor update and LP reporting are the relationship venture's product at rapportvo.com. This hub reports on the holdings: the marks, the KPIs, the roll-forward and the analytics.