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Winter is coming. If your properties have a history of frozen pipes, now is the time to look into real-time temperature monitoring.


But first...


3 Operational Intelligence Insights

 

1) How Related California digitized maintenance and reduced operational risk In a recent case study, we spoke with Scott Richter, SVP of Acquisitions and Asset Management, to get his perspective on the value the Enertiv has brought to his on-site teams. For him, it boiled down to the ability to get operator buy in. When he spoke with an operator who said "I love this thing!" he knew it made sense to roll it out across his luxury multifamily portfolio.


2) Data has to be contextual, actionable and consolidated: The problem with operational data is that it lives in the individual dashboards of the various software tools that the on-site teams use. When there's a dozen different dashboards, that's not transparency, that's noise. When the data is just as technical as the work being done, that's not contextual. Fortunately, these challenges can be addressed. Check out Enertiv Office Hours on gaining meaningful transparency into operations. 


3) The capital planning process needs work: As portfolio-level initiatives and priorities continue to fluctuate, it's becoming increasingly important to make capital planning more agile and data-driven. Over the last month, we did a deep dive to explore how to fix the status quo in a three-part series - part I: asset tracking, part II: maintenance data, and part III: energy/sustainability considerations. If this topic resonates with you, register for our upcoming Enertiv Office Hours this Thursday at 2 pm est on how to fix the capital planning process.


Join us at CREtech NYC


CREtech NYC is looking like it's going to be a jam-packed event this year. If you're planning on attending, drop by our booth (#531) to see how far the technology has come in consolidating operations, increasing NOI and delivering transparency to executives.


We'd also be happy to schedule a 1:1 session to see if we can help with your specific goals (ask about our rooftop drinks after party, too!).

3 Articles and Resources We're Reading


1) BlackRock Strikes Back Against Climate Activism Claims: BlackRock has pushed back against allegations from Republican officials that it is pursuing a climate-focused agenda not aligned with its clients' financial interests.


2) Inflation Reduction Act Explained for Commercial Real Estate: Our friends at Groundbreak Ventures put together a synopsis of the IRA in their monthly newsletter. Numerous deductions and credit opportunities have been allocated for building upgrades. Commercial buildings can earn anywhere from $0.50/sqft up to $6/sqft deductions for the next 3 years.


3) Commercial Real Estate's ESG Push Has Industry Fighting Over Talent: "Whether it's ESG consultants or building engineers, it's a serious issue, all at a time when portfolios are being forced to do more, they have less people to do it. It's an issue everyone faces."


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