Klosed Properties Gains Competitive Advantage with Reonomy | Reonomy

Shawn Aziz is the Associate Director of Acquisitions at Klosed Properties, a family-owned shop focused on the purchase, management, and development of commercial properties. Shawn’s main goal is finding new opportunities.

The Challenge:

Needed a competitive advantage to find more deals

Shawn’s love for building relationships and pursuing opportunities lead him to join the family business, within acquisitions, almost two years ago. Since Klosed Properties is a smaller shop, only 9 employees, he has to work even harder to grow his network while finding ideal investment opportunities and always with the highest volume possible.

Klosed Properties’ exceptional service and expertise have forever been their strength. However, as the market grew more competitive, this family-run shop needed an advantage over the big firms.

“Most of our deals were coming through our network of brokers. We realized that in order to win, we had to find different ways to reach out to owners and find deals. The Reonomy platform was famous for that. So, we decided to give it a try,” says Shawn.”

The Solution:

Owner contact details and search filters

Shawn uses Reonomy’s neighborhood filters and map to canvass blocks. “We were canvassing in Reonomy and found a property in Manhattan. We contacted the owner, met with him, and eventually agreed on a deal and just recently put that into contract,” says Shawn.

The property data gives him insight as well. “I’ll look at the number of units, rent regulation, dimensions and square footage. I use that to figure out if it’s a good deal or not.”

The biggest benefit for Shawn is having access to owner contact details. This allows him to get in touch with owners immediately, instead of relying on brokers to generate deals for the company. The company’s success will only grow now that they have more control of deal flow and multiple avenues for generating business.

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