Mike Sroka.
Mike Sroka
CEO and co-founder at Dealpath
Real estate management software company Dealpath’s road to success has been as consistent as it has been impressive, according to Mike Sroka.
“I think this has been another fantastic year of growth for Dealpath,” said Sroka. “We celebrated our 10-year anniversary in March 2024, and this has really been 10 years of growth in every single period, which I think is a testament to Dealpath’s consistent innovation, our resilience through turbulent market environments, and our ability to compound growth.
“Dealpath has been purpose-built for real estate deal and portfolio management solutions, and we really created that category.”
Such statements are not mere braggadocio, as over the last year Sroka can point to onboarding 75 new institutional clients. This includes LaSalle Investment Management, CBRE Investment Management, DWS Group, Newmark, Essex Property Trust, Centurion and Pacific Urban Investors. The latest cohort joins Dealpath’s institutional investment clients such as Blackstone, Nuveen, Oxford Properties, AEW, UBS, Principal Real Estate, Starwood Property Trust, Bridge Investment Group, MetLife, New York Life and Manulife.
In addition, Dealpath has announced a new artificial intelligence product called AI Extract, along with new dashboards and data visualization capabilities, and expanded capabilities for debt and portfolio management. The San Francisco-based company in 2023 either expanded or opened offices in Austin, New York and Toronto, too, as it worked to build out a global business.
Looking ahead, Sroka said that the Federal Reserve’s prime interest rate cut to 8 percent in September, along with predicted further reductions, should propel investment and growth for Dealpath, proptech in general, and the real estate industry on the whole.
“Additional reductions in rates will be positive for the real estate business and related proptech companies,” he said. “Real estate is a highly leveraged asset class, so every reduction in rates will help improve the confidence and performance of real estate operators along with service providers who are the clients of proptech.”
