In the world of repairs and property damage, value comes in large, one off events. Instead of saving $200 a day, a property might save $80,000 in an afternoon. But humans naturally have a normalcy bias, which leads us to underestimate the likelihood of disasters.
Read MoreDue to investor and regulatory pressures, every dollar reduced on energy consumption is also a dollar not spent on things like renewable energy or regulatory fines.
Read MoreEnergy savings has become a polarizing topic in commercial real estate. Some believe that direct energy savings to landlord-controlled utilities is the only way technology can deliver value. Others have been burned on real time energy monitoring pilot projects.
Read Morethe answer to the question: “what could we do to increase our utility recovery?” is buried in a maze of excel files. The challenge is common and persistent. Every file is different. Seemingly innocuous variations can force property managers to manipulate formulas to make numbers “feel” right.
Read MoreThe upfront value of consolidating technology may be relatively small. But it is an important step in unlocking the insights needed to drive significant asset value creation.
Read MoreIn commercial real estate, every minute wasted on administrative tasks and inefficient data management translates into lost opportunities for serving tenants and maximizing NOI.
Read MoreNow that the dust has settled on the interest in generative AI caused by the launch of ChatGPT, owners and operators of commercial real estate are taking a sober look at how AI and machine learning can deliver value for their business.
Read MoreWithout 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 More"How do we get tenants to care about sustainability and their role within that? Even something as simple as recycling seems challenging at the building level." Landlords are on the hook for performance, even when they control a minority of what drives emissions in a building.
Read MoreThe “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 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 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 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 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 More
