ALPHARETTA, GA./ JUNE 11, 2019 (STL.News)
Abel Solutions, Atlanta’s premier consulting firm helping customers achieve business excellence, today announced its engagement with Decron Properties, one of the largest privately-owned real estate firms in California. Already, Abel Solutions has empowered Decron Properties investors with a secure Investor Portal that provides on-demand access to property-related documents, images and other materials.
In 2017, Decron Properties’ management was seeking to move more than one terabyte of investor-related files from a largely paper-based system to a digital, metadata-based file share. The Abel Solutions team recommended leveraging Decron Properties’ existing investment in SharePoint and deploying REALTY|share, Abel Solutions’ secure, real estate-centric content management, collaboration and workflow portal built on Microsoft SharePoint.
“Other companies told us we had to reinvent the wheel—and their software gurus would tell us what we needed, which drove us nuts,” said Decron Properties Executive Vice President Zev Nagel. “Abel Solutions helped us see the potential in SharePoint — and their team listened to us. They wanted to hear our needs.”
Nagel was motivated to investigate REALTY|share after he saw Abel Solutions’ founder, Kevin Abel, at Realcomm in 2017. “I was drawn to what he built,” said Nagel. “We had a ‘kindred spirit’ conversation about sharing and collaboration.” Two years later, Nagel noted, “Abel Solutions has taken us from a very manual process to an automated one with extreme efficiency.”
Features of the Investor Portal are extensive:
Each investment entity has its own document library, accessed through a user-friendly interface.
The investor (or its proxies) can run queries by report, document type, and more, retrieving financial statements, reports, and other documents by property or entity.
When the Decron Properties Administrator uploads new documents to the file share, SharePoint reads meta tags in the documents and automatically makes associations. The system automatically pushes documents to the appropriate investors’ secure folders.
When a property is added to REALTY|share, the system automatically updates the listing in the Investor Portal, giving the administrators the ability to tag documents with the new property seamlessly.
Administrators have the ability to add financial reports and key general documents to multiple investors at the same time by a click of a button.
“We manage about 50 investors that own more than 200 investment vehicles, plus 300 partnerships and entities. With that many clients under management, just the K-1s were a nightmare,” Nagel said. “We have eliminated all that, and we had flawless execution of K-1s this year. The investors even complimented us on it.”
More than an engagement, said Abel Solutions Vice President Scott Burba, the effort was a true partnership. “Working with Decron Properties has been very rewarding for our solution experts,” Burba said. “Just as their management credits us with listening and responding to their needs, we felt that they listened to us — they gave us the opportunity to work through the process and develop an innovative solution that precisely matched their vision.”
About Decron Properties
Decron Properties Corp. is a privately held real estate services and investment firm located in Los Angeles, CA. Its portfolio spans across the Western United States – from San Diego, CA to Bothell, WA. Decron is an owner and operator of more than 9 million square feet of real estate, including 7,600 multifamily apartment units, real shopping centers, and office buildings. For more information visit http://www.decron.com
About Abel Solutions
For 25 years, Abel Solutions has focused on helping our customers develop and deploy solutions that deliver Business Excellence in terms of profitability, productivity, and competitive leadership. We believe that the most effective solutions are those that leverage and combine a customer’s current strengths and assets with new people, process, and technology capabilities to accomplish business goals. Our consultants have the knowledge, experience, and tools to deliver a portfolio of services including business strategy, collaboration solutions, dashboards and analytics, and managed cloud and IT services. To learn more about partnering with Abel Solutions, go to http://www.abelsolutions.com.