Without knowing the current state of things, owners would be flying blind. It would be impossible to follow an investment thesis without understanding the capital and operating requirements of your assets. And yet, many portfolios still perform this function on clipboards.
Read MoreMost of the time, green leases are part of a larger sustainability/ESG strategy and therefore can be glossed over without fully understanding what they do (and where they fall short).
Read MoreCollectively, owners miss their capital budget projections by over $12 billion annually. A significant reason for this is the lack of visibility into operations and maintenance in triple net leased assets. Firms that can better forecast will find a significant competitive advantage.
Read MoreThe draft SEC climate disclosure rules stated that if a company has published carbon reduction targets, it must disclose how those are going to be achieved. Many have publicized commitments with the assumption that they will figure out the details later. It appears “later” is now.
Read MoreTo maximize the value of technology that supports the net zero journey, owners and operators should leverage the “jobs to be done” framework. First identify where technology can accomplish a specific task. True innovation happens when technology does that job better.
Read MoreTo make significant reductions, there will have to be improvements to the infrastructure on which buildings run. These fall into three broad categories: Conservation (eliminating waste), energy efficiency (improving baseline efficiency), low carbon fuel selection (electrification)
Read MoreNearly every portfolio is under pressure to meet aggressive ESG goals. In fact, when all added up, it’s estimated that the industry will have to deploy $18 trillion to decarbonize their portfolios.
Read MoreBut the goal is to fix the capital planning process. We can’t stop at democratizing information, we have to focus on improving decision making. Unfortunately, the true equipment condition is unknown for most discussions.
Read MoreWhen it comes to capital planning, things are still done as they have been for decades. Nearly every portfolio still relies on spreadsheets, a mountain of PDFs and emails to document changes made and evaluations completed, and the institutional knowledge of those who know the building best.
Read More50 different vendors across 53 assets. 136 instances of manual workflows. See what else we learned from surveying 12 million square feet of commercial real estate. Plus, download the survey template we used, we’ll even white label it for your for free.
Read MoreThe best thing to do in the face of extreme uncertainty is to become more flexible. To gain the ability to respond to whatever situation presents itself and to be able to make adjustments when that situation changes, however quickly or gradually it does.
Read MoreCapital planning relies on rules of thumb, opinion, and a fundamental lack of data. But it doesn’t have to anymore. Low-cost equipment monitoring can track the factors that affect useful life continuously and over time to dramatically improve profitability.
Read MoreIn each of the hundreds of assets that the Enertiv Platform has been deployed in, there have been at least one or two issues which stood in the way of maximizing net operating income. Now, finding and fixing as many of these issues as possible is gaining priority.
Read MoreThis is an environment that demands commercial real estate companies get serious about cost-efficiencies as soon as possible. Because, in many cases, if companies don’t take action now, it substantially increases the likelihood there will be only cuts in future budgets.
Read MoreWith lenders unwilling to throw good money after bad, investors are beginning to explore how technology can bolster their distressed fund strategy to help mitigate risk and maximize asset value.
Read MoreIndividual technologies have advanced quite a bit since then, but smart buildings remain just around the corner. Meanwhile, day-to-day work like maintenance rounds and expense forecasting are often still reliant on manual, paper-based processes. Why is that?
Read MoreEven high-quality portfolios with a strong cash position haven’t been spared. The dual forces of lower rental revenue and higher costs due to COVID-19 mitigation, along with the uncertainty going forward, have put the squeeze on every budget.
Read MoreThe combination of stay-at-home orders and layoffs has made the concept of a digital transformation suddenly very tangible. Accessing critical information anywhere, at any time, from any device became a “need to have” basically overnight.
Read More
