Orevco & MIT Center for Real Estate Form Official Partnership to Modernize and Revolutionize Commercial Real Estate Brokerage Industry

(Joint Press Release)

FOR IMMEDIATE RELEASE

Boston, MA, & Seattle, WA The MIT Center for Real Estate and Orevco – a new, highly innovative, commercial real estate technology company – are proud to announce their partnership, which officially began on July 1st, 2015. As a partner, the Center hopes to empower Orevco in the firm’s mission to modernize and revolutionize the commercial real estate brokerage industry. As a partner, Orevco hopes to deploy the cutting-edge research of the Center’s faculty, to transform the commercial real estate brokerage industry, via the firm’s 2 products: Orevco Property Valuation Reports™ and the Orevco Property Sales PlatformTM.   About Orevco “Orevco is a private commercial real estate exchange, where the most discerning property owners are empowered with highly sophisticated predictive analytics and cutting-edge technologies, to confidently sell commercial real estate through a revolutionary and proprietary digital platform, which was meticulously designed with the utmost quality and efficiency to maximize the prices and minimize the timelines to sell their properties. The firm was specifically created to modernize and revolutionize the buying and selling of commercial real estate, in an otherwise antiquated industry. Orevco provides its clients with 2 products: Orevco Property Valuation Reports™  and the Orevco Property Sales PlatformTM.   Orevco Property Valuation Reports™ are custom reports on commercial properties, based on Orevco’s highly sophisticated predictive  analytics and cutting-edge technologies.  Orevco Reports™ are the industry’s most accurate, comprehensive (yet simple), informative, and intelligible property valuation reports.  Each Orevco Report™ empowers a property owner to confidently determine the right time to sell his or her property.   The Orevco Property Sales Platform™  is a digital marketing and sales system for commercial properties.  The Orevco Platform™ was meticulously designed to be the industry’s most advanced such system, by pairing highly sophisticated predictive  analytics and cutting-edge technologies with “Six Sigma” and “Lean” (quality and efficiency maximization methodologies, respectively).  The Orevco Platform™ empowers a property owner to confidently maximize the price and minimize the timeline to sell his or her property, and also receive a guaranteed sale price and date.”   About the MIT Center for Real Estate “The MIT Center for Real Estate was founded in 1983, by an MIT alum, Charles “Hank” Spaulding (CE ’51).   A prominent real estate developer himself, he had a vision to improve the quality of the built environment and to promote a more informed professional practice in the global real estate industry.

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Orevco Contact: Lloyd Ball Vice Chairman & Chief Marketing Officer Orevco 206.947.5053 lloyd.ball@orevco.com www.Orevco.com

MIT Contact: Michelle Heller

Marketing & Communications Coordinator MIT Center for Real Estate 617.253.8311 mheller1@mit.edu https://mitcre.mit.edu

Educating the men and women whose innovations will serve the industry worldwide, we are home to the first-ever one year Master of Science in Real Estate Development (MSRED) degree, as well as an integrated suite of professional development courses.   Our pioneering research investigates the real estate transaction from initial concept to market reality, providing breakthrough knowledge to help organizations capitalize on today’s dynamic markets and technologies.   Uniting industry leaders with MIT’s distinguished researchers and students, our selective industry partnership program advances the art and science of international real estate, and bridges the gap between theory and practice.”  

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Orevco & MIT Center for Real Estate Form Official Partnership to Modernize and Revolutionize Commercial Real Estate Brokerage Industry

(Joint Press Release ― Continued)

FOR IMMEDIATE RELEASE 8.7.15