Covercy Showcases Online Distributions at NMHC Annual Meeting in San Diego
Online Distributions, Investor Portal and Fundraising Tools for Commercial Real Estate Investors.
At the NMHC Annual Meeting in San Diego, CA, we demoed the bevy of powerful new features that we’ve developed in our platform since the last meeting in Orlando. The last meeting was held right before the global pandemic at the end of January 2020.
The annual NMHC (National Multifamily Housing Council) event brings people together from the entire multi-family housing ecosystem.
Commercial real estate General Partners (GPs) were excited about Covercy’s end-to-end online distributions. The commercial real estate investment managers enjoyed seeing how easy it is to distribute funds to their investors from within the platform in just a few clicks.
“When the pandemic started, we saw a sharp decline in the volume of distribution payments,” remarked Covercy CEO Doron Cohen. “Cash was king again for some time. As the industry quickly recovers and gets ready to grow again – we’re seeing rapid growth in the volume of distribution payments. Getting hundreds of quarterly payments, notifications & calculations done right, in one click, is more important than ever for those who want to focus on delivering performance and finding their next deal.”
GPs also marveled at Covercy’s investor portal with metrics and images on the real estate investments for Limited Partners (LPs) as well as tools for fundraising.