PortfolioTours.com Launched, Providing Interactive Tours of REIT Property Portfolios
October 05 2004 - 12:38PM
PR Newswire (US)
PortfolioTours.com Launched, Providing Interactive Tours of REIT
Property Portfolios WESTLAKE, Ohio, Oct. 5 /PRNewswire/ --
Interactive Digital Properties Group, Inc. (IDPG) is pleased to
announce the launch of PortfolioTours.com (
http://www.portfoliotours.com/ ), providing fully interactive tours
of REIT property portfolios. This new technology allows investors
anywhere in the world, for the first time ever, to tour properties
and markets from the convenience of their own computer. The first
tour to be presented on PortfolioTours.com is the Washington DC
office portfolio of Glenborough Realty Trust (NYSE:GLB). This tour
takes investors through 8 different office properties in 6
different submarkets in the Washington DC metropolitan area. The
tour of Glenborough's portfolio can be viewed at
http://glenborough.portfoliotours.com/ . "This new communications
tool should help better inform investors about the impressive and
diverse real estate portfolios owned by REITs throughout America
and, in some cases, abroad," according to Steven A. Wechsler,
president and CEO of the National Association of Real Estate
Investment Trusts(R) (NAREIT). Through the integration of
high-resolution digital photography, the global positioning system,
digital mapping and high-resolution aerial photography,
PortfolioTours.com provides a highly immersive tour experience.
This exciting new use of technology allows REIT management teams to
open their property portfolios to all of their investors, large and
small. Before PortfolioTours.com, most investors were simply unable
to see and tour the many properties owned by the REITs in which
they invest. With the introduction of this technology, investors
can now tour the properties of these companies. The tours provided
on PortfolioTours.com give investors a superior understanding not
only of the assets that the REITs own, but of the markets in which
they are located. Tours are presented in an intuitive format that
makes it easy and inviting for investors to tour portfolios online.
The use of this technology allows these buildings to be viewed in
full context, something that has not been possible with previous
technologies. "PortfolioTours.com provides an exciting new way for
REIT and real estate investors to interactively view and tour
property portfolios anywhere in the world," said Anatole Pevnev,
President of Interactive Digital Properties Group, Inc. "This
innovative use of technology provides small and large investors
anywhere in the world with the ability to tour the real estate
portfolios owned and operated by the REITs. It is not just the
interactivity of the tours that sets them apart, but the
combination of interactivity with accurate geo-positioning and
extremely high-resolution photos that make the tours exceptionally
realistic," added Mr. Pevnev. About Interactive Digital Properties
Group, Inc. IDPG, formed in 2004, specializes in providing
geo-referenced interactive tours of real estate world-wide. IDPG's
tour technology and applications allow institutional and retail
investors world-wide with the capability of touring REIT and real
estate portfolios anywhere in the world, from anywhere in the
world. For more information about IDPG and PortfolioTours.com
please visit http://www.idpg.biz/ or e-mail us at . About
Glenborough Realty Trust Glenborough is a self-administered Real
Estate Investment Trust (REIT) which owns and operates a Nationwide
Portfolio of 65 primarily high quality Multi-Tenant Office
properties. The portfolio encompasses approximately 11 million
square feet, concentrated in Washington D.C., Southern California,
Northern New Jersey, Boston, and Northern California. The company
has been listed on the New York Stock Exchange since 1996 and its
common and preferred stocks trade under the symbols GLB and GLB
PrA. Glenborough is a member of the National Association of Real
Estate Investment Trusts and is included in the Standard and Poor's
SmallCap 600 Index. Visit Glenborough's website at
http://www.glenborough.com/ . About NAREIT The National Association
of Real Estate Investment Trusts(R) (NAREIT) is the trade
association for REITs and publicly traded real estate companies.
Members are real estate investment trusts (REITs) and other
businesses that own, operate and finance income-producing real
estate, as well as those firms and individuals who advise, study
and service those businesses. Visit our Web sites at
http://www.nareit.com/ and http://www.investinreits.com/ .
DATASOURCE: Interactive Digital Properties Group, Inc. CONTACT:
Anatole Pevnev of Interactive Digital Properties Group, Inc.,
+1-440-808-1691 Web site: http://www.idpg.biz/
http://www.nareit.com/ http://www.investinreits.com/
http://www.glenborough.com/ http://glenborough.portfoliotours.com/
http://www.portfoliotours.com/
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