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Drooms LIFECYCLE is mainly used by real estate asset managers to securely store, organise, and update all documentation of a particular asset during the holding phase. Suppliers such as consultants or property managers can also upload files, building up a comprehensive history of an asset within the data room. Other real estate professionals, such as brokers, attorneys, appraisers, lenders, and investors may also find the data room useful.

Real estate professionals can use Drooms LIFECYCLE data rooms to store, structure and update all asset documentation during the holding phase of an asset, whilst focusing their efforts on increasing the property’s value. Users have a full overview of all their asset documentation and can see exactly what information is missing. They will then be ready to transact when the opportunity strikes, rather than wasting valuable time chasing files. The entire LIFECYCLE data room can easily be transferred to a TRANSACTION data room with a few clicks, without having to move documents anywhere. This accelerates the due diligence process once the asset is in the selling phase and increases transparency and trust between parties, leading to faster closing of transactions.

Drooms LIFECYCLE can be helpful for real estate portfolio management by providing a centralised location to store and manage important documents and information related to multiple properties. With Drooms LIFECYCLE, real estate professionals can easily access, update and share portfolio data with team members, investors, or other stakeholders and track changes or updates over time.

Suppose you want to get the most out of your Drooms LIFECYCLE data room. In that case, it’s essential to follow some best practices, such as organising documents and information logically and consistently, setting explicit user permissions and access controls, providing detailed metadata and descriptions for documents, monitoring user activity, and reporting suspicious behaviour. Additionally, our strong customer support and training resources can help you use the platform effectively and efficiently.

Drooms LIFECYCLE can help support remote work by providing a secure and efficient way to share and access all important asset documents and information anytime and from anywhere. Our data room allows real estate professionals to collaborate with team members, clients, or stakeholders in real-time without needing in-person meetings or paper-based documents. The Drooms mobile app further allows quick and easy access to the data room when on the go. This can help increase productivity, reduce costs, and improve work-life balance for real estate professionals.