“Ansarada is easy for us and the customer to work with. Hiccups are quickly addressed. The support is very good.” Joe Taggart, managing director, LandVest Institutional Timberlands Group.
In 2013 LandVest Inc., the timberland manager and broker, switched to Ansarada.
“We moved to Ansarada at the urging of our clients and customers,” says Joe Taggart, managing director of LandVest’s institutional timberlands group. “For us, the switch came down to functionality; specifically, the way in which documents were uploaded. Our previous platform didn’t recognize certain file extensions and had limits on upload size.. There were formatting problems. It couldn’t do certain things. It was clunky.”
Since switching to Ansarada, LandVest has done nine transactions worth about $400 million.
“Our customers have really liked the interface,” says Mr. Taggart. “Ansarada is easy for us and the customer to work with. Hiccups are quickly addressed. The support is very good.”
LandVest says Ansarada appeals to the full spectrum of tech-literacy among its customers.
“It’s important that a data room is easy to drive, yet still has the horsepower under the hood,” says Mr Taggart. “ansarada is very intuitive, which equates to fewer maintenance calls from our less tech savvy users. At the same time, our more tech oriented users appreciate the improved versatility and power of this platform.”
Mr Taggart estimates the value of U.S. timber stock at $75 billion. He adds there is 50 million acres of high quality investable U.S. timberland on average $1,500 an acre.
LandVest is a timber broker and investment advisory firm that annually makes about $500 million worth of timberlands transactions and undertakes about a $1 billion worth of timberlands due diligence.