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Much more accurate fault detection enabled by IoT sensors is creating the possibility of a marketplace where incidents are dynamically priced and matched to contractors in position to bring the fastest resolution.
By now, everyone has heard how the IoT and AI will revolutionize the built environment. But it’s not always obvious what’s real and what’s just hype. This article explains what smart buildings are and why it matters for CRE owners to understand the true value.
Videos
Smart buildings depend on real-time sensor data. But without context, that sensor data is basically useless. In this video we explore how nameplate information, operations manuals, maintenance schedules, and pictures can be leveraged to deliver much more specific insights.
In this video, Comly Wilson explains how owners and asset managers can leverage data to triage the operational waste in their portfolio and rank order opportunities that deliver the highest returns.
In this video, Derek Cedarbaum explains how IoT sensor data will soon accelerate deal velocity by shaking out the risk in projected operating and capital expenses on the pro forma during the due diligence process.
Case Studies
Enertiv integrated real-time fault detection alerts into NYCHA’s existing work order management system to deliver a 95% reduction in mean time to repair.
By the first quarterly review, maintenance insights were coupled with a series of optimizations that combined to $75,000 in annual savings, a potential 440% return on the first year’s cost of ownership.
In the first month after the initial analysis was provided to the client, elevator entrapments fell 75% and the total amount of time reporter by the maintenance vendor fell 25%, even while preventative maintenance time reported increased nearly 300%.
White Papers
Driven by the rise of e-commerce, industrial assets, particularly distribution centers, are in more demand than ever before. In the past five years, warehouse construction spending increased 29% annually, as opposed to the previous 19 years, when it rose 1% annually.
The abundance of resources and high tenant expectations have pushed office landlords to become sophisticated operators and, in some cases, technological innovators.
Multifamily residential real estate assets have specific attributes that must be considered when evaluating PropTech solutions. There are generally fewer operators on site and less man power to implement robust maintenance plans.
Newsletter
August Issue — Smarter Outsourcing When Experienced Pros Leave
July Issue — Data Lakes and Warehouses and Oceans, Oh My!
June Issue — Commercial Real Estate Should Embrace Failure
May Issue — When Having a Seat at the Table Doesn’t Work
April Issue — Drinking PropTech from a Fire Hose
March Issue — Up to $400,000 Cash Back Per Property to Upgrade Submetering
February Issue — The Amenities Arms Race & Resiliency for the Downturn
January Issue — Making Smarter Real Estate Bets in 2019
December Issue — Announcing Enertiv 360
November Issue — Tech is transforming CRE, but most watch from the sidelines
October Issue — Handling the twilight of this expansion cycle
To continue to compete in the big leagues, legacy owners need to figure out how to get 90% of the benefits of cutting-edge smart building technologies into existing assets for 10% of the cost. One answer is to spend smarter, to invest the Moneyball way.