South Korean CRE market first in Asia to benefit from integrated solution
HOUSTON--(BUSINESS WIRE)--#CRE--RealNex, a commercial real estate technology company that delivers an integrated transaction management and marketplace solution, today announced the next step in its international expansion through a joint venture with Nomadstar, a leading South Korean mobile app development company. Leading South Korean CRE market participants are helping to organize, fund and promote the JV.
The JV will deliver RealNex’s cloud-based software, including the RealNex Suite, inclusive of CORE (CRM and transaction management), MarketEdge (financial analysis, reporting solution and deal rooms), and MarketPlace, an online property listing and marketing platform. The RealNex Mobile App and RealNex’s VR products will also be part of the offering.
The JV addresses the market’s desire for a solution that brings consistent practices and transparency and connects South Korea to the global market. Seon Hwa Youn, president of CPM Association in Korea, explained, "The RealNex integrated solution, in partnership with Nomadstar, will be a game changer for the real estate markets in South Korea and Asia." Chairman of GREP Coop., Kichan Kim, agreed, “The new real estate platform will have significant impacts on South Korean market.”
“We are incredibly excited in this next step of our strategy to capture countries rather than companies and are very fortunate to have Nomadstar as our partner,” said Mark Kingston, chairman, RealNex. “While many solutions are built to solve one problem and serve a domestic market, RealNex’s management team and solutions are built to serve and connect the global CRE marketplace.”
“RealNex’s integrated solution will introduce a new level of transparency and efficiency that the South Korean market has been looking for,” remarked Richmond Rhew, CEO of Nomadstar. “We are excited about the innovative changes that the vast business network of Nomadstar will create in conjunction with RealNex’s rich experience in commercial real estate.”
RealNex strives to become the marketplace and transaction management solution for the CRE industry. Its singular solution is designed to improve user success by increasing accuracy, professionalism and productivity.
Nomadstar seeks to create serial innovations through platform solutions for several existing markets. Its passion in platform solutions focuses on enhancing various aspects of people’s life by applying value-added technologies.
Sarah Brenner Jones, 281-783-8081