Fast-growing commercial real estate technology company Reonomy has named Brooks Pettus as the company’s first chief operating officer. Pettus, a start-up veteran with over two decades of business growth experience, will join the company’s New York-based team, and will be charged with operating and leading the growth of the business as it expands across the United States.
Founded in 2013, Reonomy’s research platform enables CRE investors and lenders to conduct quant-based analyses — that would otherwise be very time consuming — and execute them in a matter of clicks. The company’s comprehensive property and market-level data is collected from many disparate sources and filtered with proprietary validation algorithms, and powerful analytics.
“We created the role of chief operating officer because 2016 is about high impact expansion,” said Rich Sarkis, Reonomy’s CEO. “In 2015 we grew from a handful of users to over a thousand, spread over hundreds of companies. Customers log in everyday to find new opportunities and get real ownership information. We are now moving into a high-growth phase, in order to offer this unique value to new users in new markets with new products. I am thrilled to have Brooks join us as he is the ideal choice to lead this charge. He comes to Reonomy with deep experience in growing start-ups into fully fledged businesses.”
Pettus has been an entrepreneur for more than twenty years, helping build high-growth tech companies from early stage to exit including video-based research companies Qualvu and 24tru (acquired by FocusVision), and electronic music company Beatport.
“Reonomy is making big waves in the commercial real estate tech space, and I’m excited to be a part of its future,” said Pettus. “Reonomy is incredibly compelling because of the strength of the executive team and the size of the market space they are attacking. The $15 trillion commercial real estate space is hungry for innovative, technology-based solutions that address real pain points in the industry. Reonomy has identified a unique way to aggregate data and to make it useful to their customers. They already have a product that customers can’t live without.”