Building Technology for Asset Managers
Implementing Strategies That Add Value & Yield Returns
As an asset manager, much of an owner’s portfolio performance lies in your hands.
Not only are you responsible for being a “bad cop” and managing accountability associated with the operating, capital, and leasing budgets, but you are also held accountable for achieving the overall building goals. There’s pressure from the top to perform and maintain differentiation in the market and pressure from below to add new technologies and enhance tenant experiences—all within the constraints of this year’s budget.
You need to create high-level leasing and capital investment strategies but within boundaries. Treating technology as a strategic investment is a starting point to support core strategic outcomes.
Key Considerations
The institutional quality of your technology that supports ESG and optimizes your utility consumption efficiency will continue to change with the industry. As will your security needs and tenant expectations. Are your systems set up to ensure your building community health and well-being will be taken care of in the long-term?
Property managers (PMs) have different priorities and may request resources to improve the property and increase the bottom-line NOI. However, the connection between their requests and how they add value may not be clearly communicated to you. As someone who doesn’t get involved in the day-to-day operations, it can be challenging to know which investments would be smart and help property managers achieve their goals more efficiently.
The needs and preferences of tenants will always be a moving target. Every day new and emerging technologies raise the bar on what the optimal experience is. Does this mean you need to keep scrambling and adding new technologies to keep up? No. But it does highlight the importance of your asset’s technical “maturity” relative to your competition. How are you staying ahead of the curve?
New compliance regulations have had many scrambling to determine if their buildings are up to code. How do you stay ahead of the new rules and future-proof your buildings and budget for what’s to come? Investing in foundational physical elements like roofing, windows, vacant space preparation, and life safety has always made sense – technology-driven elements that impact the comfort, satisfaction, and experience of tenants, not to mention efficiency and data-driven insight aimed to drive performance, should get the same consideration.
As a building owner, your priorities are performance-based, measurable outcomes that will ensure the profitability and long-term success of your assets. However, what you measure and identify as your key drivers naturally differs from those managing your portfolio on the ground floor. How can you ensure they are focused on those items that derive fundamental value and still support the attraction and retention of tenants?
Reporting on returns, NOI, CF, long-term valuation, and cyclical market trends is not as simple as it should be. How can you be sure you are getting accurate, actionable data?
How we can help
Our process starts with a full analysis of all your building technology so we can make recommendations on eliminating redundancies and cutting unnecessary costs. From there, we take a consultative approach to help you implement any necessary changes and refine your strategies for ESG, leasing, and future development. Lastly, we utilize our managed service, IntelliNet, to get your building data on one pane of glass to help you with reporting and documentation. Our suite of services provides clear services with defined outcomes and clear cost visibility.
Clarity & Performance Analysis
A complete understanding of all technology within your buildings to make better, decisions and cut costs.
Strategy & Consulting
Progressive, proactive, and task-oriented support with a focus on results and exceeding your asset specific goals.
OT Data & Reporting
Visibility into your building performance data with the expertise to scale out an affordable support program.
Ready to gain power over your portfolio?
Let us help you take the guesswork out of your building technology. Schedule a free 30-minute advisory call.
We’ll discuss your concerns and provide you with an opportunity analysis and building economics report. From there, we’ll design a roadmap to success and help you find dollars in your budget to ensure we can partner together without stretching your resources too thin.