Innovative partnership allows real estate professionals to connect local property owners with companies looking to secure land leases for solar, wind, timber, oil and gas, cell towers and more
LOVELAND, Colo. — (October 29, 2020) — Information and Real Estate Services (IRES) today becomes the nation’s first multiple listing service (MLS) to partner with RealX, the country’s first and largest online property rights exchange.
IRES serves Boulder, Weld, Larimer, Logan and Morgan Counties and also holds partnerships with other regional MLSs to expand access across Colorado. Through this agreement, IRES will now provide members with access to the RealX exchange, which allows landowners to register their property and the rights they are willing to sell or lease. Professionals looking to place leases are then able to search the database and make offers directly to landowners faster and more efficiently than ever before possible.
As a result of this partnership, IRES members have access to information that can provide valuable insight to help inform a land purchase transaction.
“When I learned about RealX I thought it was a brilliant concept and a perfect match for our region in Northern Colorado,” said Lauren Hansen, CEO, IRES. “The IRES MLS territory stretches from University towns to the mountains, plains and wide open spaces — and let’s not forget we have an average of 300 days of sunshine annually in Colorado.”
RealX gives land brokers an opportunity to reconnect with past clients to determine if they would be interested in leasing their land for the placement of a variety of uses, from the placement of solar panels or wind turbines to traditional energy exploration or cell towers. In many cases, these leases can provide both public benefit as well as additional income for the landowner. As a result, RealX has experienced an average month-over-month user growth rate of more than 50% in 2020 despite the COVID-19 pandemic.
“Until now, matching interested landowners to those looking to lease space for energy, communication and other projects was a manual, time-consuming process,” said Luke Glass, RealX CEO. “Our exchange automates the process, allowing brokers to focus on sales and deals rather than on cumbersome research,” he added.
The need for land to host infrastructure in industries like communication and alternative energy is expected to continue grow rapidly. For example, solar and wind will need access to millions of acres in order to reach aggressive renewable energy goals. Additionally, cell towers supporting the much-faster 5G system will require far more physical placement, so finding leasable land will be critical in order to deliver competitive service outside of major metropolitan areas.
IRES members will be able to access the RealX database directly through the MLS, allowing real estate professionals to discuss potential rights leasing opportunities with prospective buyers and sellers as a part of their sales process.
About IRES MLS
Information and Real Estate Services, LLC (IRES) was formed in 1996 as the regional Multiple Listing Service (MLS) for northern Colorado by five Boards and Associations of REALTORS® in Boulder, Fort Collins, Greeley, Longmont and Loveland/Berthoud. In addition to these five Boards and Associations, IRES is the MLS provider for the Estes Park Board of REALTORS® and Logan County Board of REALTORS®. ColoProperty.com® for consumers is owned and operated by IRES. Its office is centrally located in Loveland, Colo.
About RealX (www.realx.io)
RealX, America’s first and largest property rights online exchange, is revolutionizing the way surface and subsurface property rights are bought, sold and leased. By leveraging digitization, globalization and virtualization across all marketplaces, RealX unlocks the value of every property, empowering landowners and energy companies to maximize the return on their investment. Through organizing and modernizing a highly fragmented marketplace, RealX more easily connects landowners and companies in energy (solar/wind/oil/gas), communications (cellular towers), building materials (timber), agriculture (farming) and many others.