Zoned Properties, Inc. Expands Real Estate Services with PropTech Data Projects
May 07, 2021 at 04:35 pm IST
Share
Zoned Properties, Inc. announced its planned investment in and partnership with two new PropTech Data Project teams focused on providing solutions for real estate projects in regulated industries. The core of mission at Zoned Properties is to provide real estate services for emerging and regulated industries that can address the material pain points of complex real estate development projects. The PropTech data projects it has implemented will focus on solutions to those pain points from the very beginning of a project through its ongoing operational growth. Zoned Properties has pinpointed critical needs in regulated real estate markets starting from the identification of project sites to how the consumer and the community interacts with the built retail environment (that is brick and mortar). Geographic Information Systems (GIS) are typically created as a framework for gathering and analyzing base sets of data. Related to geography and mapping, GIS platforms have the ability to integrate various types of data that can provide a user with functional layers of information and spatial location using maps and 3D scenes. Locating properly zoned properties can be incredibly challenging in regulated industries as complex as cannabis and can be one of the most difficult early challenges faced by project teams. With its strategic partner and investment into the project, its goal is to utilize advanced property technology to provide solutions for property identification in regulated industries such as regulated cannabis. Brick & Mortar retail has been experiencing a significant paradigm shift over the past few decades as consumer behaviors have been adapting along with the modern transformation of the retail experience. Emerging and highly regulated industries tend to create legislative policies that may require consumers to go back to brick & mortar, compared to less regulated industries where online tech giants have been dominating the consumer experience. With its strategic partner and investment into the project, its goal is to provide emerging and regulated industry operators with the tools to enhance the value of their brick & mortar real estate, through consumer-centric and brand-centric property technology solutions.
Zoned Properties, Inc. is a technology-driven property investment company focused on acquiring value-add real estate within the regulated cannabis industry in the United States. The Company is in the business of property acquisition, development, and commercial leasing and intends to primarily structure lease agreements with prospective tenants using a triple-net or absolute-net lease model. Its segments include Property Investment Portfolio and Real Estate Services. The Property Investment Portfolio segment is engaged in the operations, leasing and management of its commercial properties. The Real Estate Services segment provides advisory, brokerage and technology services related to commercial properties. The Company maintains a portfolio of properties that it owns, develops and leases. Its investment properties are located in Arizona, Illinois, and Michigan with 100% occupancy and a weighted average lease term over 10 years. It has approximately 47 acres in Chino Valley, Arizona.