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The Propcast

Feb 4, 2021

Summary: Today the Propcast will be talking to Michael Mandel from CompStak about transparency in commercial real estate data.
The Propcast by Louisa Dickins, Co-Founder of LMRE the leading Global PropTech recruiter brought to you in partnership with UK PropTech Association, The UK PropTech Association is a membership organisation to drive the digital transformation of the property industry. This show will focus on connecting the Proptechs, real estate funds and VC’s globally…and get everyone talking about innovation of the build to rent environment.
About Our Host
Louisa Dickins 
Louisa started her career in property working at a well-known estate agency in London. Realising her people skills, she moved over to Lloyd May to pursue a career in recruitment. She now is a Director at LMRE, who are a specialist recruitment firm driven by PropTech and recruitment professionals, and Louisa oversees their 5 core areas. Louisa co-founded LMRE and provides a constructive recruitment platform to the new disruptors in real estate. Louisa is also on the board of Directors at UK PropTech Association (UKPA).
About LMRE
LMRE believe there is a better way to recruit. LMRE focus on a more comprehensive, client led focus delivering exceptional talent to the right place at the right time. They are passionate about the industry and passionate about people's careers. LMRE spend time with each client to become and an extension of the business, and their transparency and core values help them grow with the sector. LMRE simplify recruitment and innovate with our clients and evolve the people driven, PropTech community.
About Our Guest
Michael Mandel 
Michael is the Co-Founder & CEO of CompStak, a marketplace for commercial real estate information. CompStak uses a crowd-sourced model to gather real information that is hard to find, difficult to compile or otherwise unavailable. Our first product is a marketplace for the exchange of commercial lease comparables. Users add the comps they have to find the comps they need. CompStak was born out of Michael's experience as a commercial leasing broker in Manhattan. He has been recognized for his success as Grubb & Ellis’ National Rookie of the Year in 2007 and Real Estate New York’s 30 under 30 in 2008. CompStak has been featured in The Wall Street Journal, The Real Deal, Forbes, Bloomberg, AG Beat and more.
Resources mentioned
LMRE website
UKPA website
Compstak website
Michaels email 
Insights from this Episode
  • Data in its most granular, basic form has been used in the industry forever Michael Mandel
  • The idea behind CompStak was simply to move that that trading of information from offline to online – Michael Mandel
  • It was years before we started entertaining partnership opportunities, the reality is that you need to be focused on your core business early on – Michael Mandel
  • It becomes like a virtuous cycle where more data leads to more insight, and then continues to make it more important in the industry – Michael Mandel
  • You need to get the fundamentals right before you start looking at those data on the fringe – Michael Mandel
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