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Kimco Realty Corp. joins up with REquest.


Kimco Realty Corporation Kimco Realty Corporation, (NYSE: KIM), is a Real Estate Investment Trust, founded in 1960, by Martin Kimmell and Milton Cooper, with "Kimco" being a contraction of their names, Kimmell and Cooper. , a publicly-traded real estate investment trust (REIT REIT

See: Real Estate Investment Trust


REIT

See real estate investment trust (REIT).
), went live June 1 with REquest, REsolve Technology's flagship solution.

REquest, a web-based asset and portfolio management software solution, enables Kimco Realty and other REITs to eliminate the layers of paperwork, financial data, and software needed in their day-to-day financial operations. Kimco Realty has 150 users currently on the REquest system.

"Since implementing REquest we have been able to easily access and use volumes of information that have been compiled in our operating system operating system (OS)

Software that controls the operation of a computer, directs the input and output of data, keeps track of files, and controls the processing of computer programs.
," said Mitch Margolis, CIO CIO: see American Federation of Labor and Congress of Industrial Organizations.


(Chief Information Officer) The executive officer in charge of information processing in an organization.
 at Kimco Realty. "In less than a week, all of our users were trained and did not have to learn about different software or codes. We have been able to drastically reduce the amount of time Kimco associates spend gathering, inputting, and reformatting property information from our various locations."

Kimco Realty has 503 properties totaling 67 million SF of leasable space in 41 states. Formed in 1966, Kimco Realty is one of the nation's largest REIT's specializing in the acquisition, development and management of neighborhood shopping centers shopping center, a concentration of retail, service, and entertainment enterprises designed to serve the surrounding region. The modern shopping center differs from its antecedents—bazaars and marketplaces—in that the shops are usually amalgamated into .

REsolve Technology has been working in the real estate financial sector for more than 10 years and perceived a need for an application such as REquest.
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Copyright 2001, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Title Annotation:Internet-based asset and portfolio management
Publication:Real Estate Weekly
Article Type:Brief Article
Geographic Code:1USA
Date:Aug 15, 2001
Words:201
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