In late June, State Street Corporation (NYSE: STT) announced a new partnership with Resolve Technology that will allow State Street to automate much of its real estate servicing functions. “Providing our customers with automated capabilities to analyze their real estate portfolios . . . is yet another way we are accommodating our customers’ increased allocations to alternative investments,” says Joe Antonellis, vice chairman and CIO at State Street’s North American investors service. With the Resolve Technology software, clients can analyze their portfolios online from an aggregate level all the way down to individual tenants within that portfolio. California State Teachers Retirement System [CALSTRS] is also working with Resolve Technology software to help manage its $16 billion commercial real estate portfolio.
