The “flight to quality” is happening across property types. The challenge is that the definition of “quality” has changed significantly in the last two years. This change generally falls into three broad categories: ESG reporting, building efficiency and health/wellness for occupants.
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 MoreTenant expectations have changed. Leading landlords are providing more than four walls and a roof. They are providing data and services that help tenants meet their goals.
Read MoreThe trend is clear: industrial owners need to gain access to utility data that is currently paid for (and thus controlled) by tenants.
Read MoreIt is expected that the SEC will have requirements around auditing carbon emission data, like financial data is audited currently. But the big question that needs to be answered is whether real estate owners will be expected to report on scope 3 emissions.
Read MoreAs the effects of climate change worsen over time, both the probability and damage to physical assets increases. Going forward, The SEC's climate disclosure rules will require companies to disclose any material physical risks related to climate change in their public filings.
Read MoreIn a year when utility costs have risen by 10% on average, focus needs to be on what can be done, right now, to bend the curve on controllable operating expenses.
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 MoreThere are two key insights that the most sophisticated owners and operators have picked up on that, when taking advantage of, change the frame of the conversation and lead to meaningful reductions in consumption.
Read MoreBuilding operators must be part of the ESG strategy and yet, they cannot be expected to drop their core responsibilities. Technology will work best when it automates “new work” related to ESG, and augments standard workflows to serve ESG goals.
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 MoreThe realty for the vast majority of properties, definitely in multifamily but also in office, hospitality, retail and industrial, is that most workflows are still being done not only manually, on paper. Nowhere on the horizon is technology going to displace building operators.
Read MoreThe clock is ticking and there’s immense pressure to get it right so that the portfolio can continue to scale. What’s needed is a roadmap, a clear progression from the first step to the ultimate goal. So, let’s break ESG into three broad categories, each of which builds on the last.
Read MoreThe truth is, from a technology perspective, there’s always a natural tension between serving users and serving managers. It almost always boils down to robustness of reporting versus ease of use.
Read MoreLandlords have been adopting tenant engagement apps to make amenities more accessible, but provide very little when it comes to making their energy data more accessible. Clearly, there’s a massive disconnect.
Read MoreIn triple net leased assets, tenants pay their utilities directly. When it comes to ESG, that means that the owner has little or no transparency or access to the data they need to satisfy investor’s increasingly tough requirements. There is no silver bullet, but there are strategies to pursue.
Read MoreNew York, Washington DC and Boston have already passed laws with financial penalties for inefficient buildings. This trend is only going to intensify, but there is a blueprint for how to future-proof a commercial portfolio.
Read More