“What is a Smart Building?” Answered in RF's Latest GRESB Blog

“What is a Smart Building?” Answered in RF's Latest GRESB Blog

October 2017 | Dallas, TX — RealFoundations Specialist Julius Caten’s latest article in GRESB Insights, “What is a Smart Building?”, identifies common traits that would deem a building as “smart” in 2017.  By offering a list of must-haves for several types of tenants, Julius points out that technology needs vary by property type and that retail tenants may not prioritize their needs the same as office tenants or residential tenants. For operators to successfully implement and manage a smart building, they must stay on the fore-front of real estate’s ever-changing technologies and consider both the building requirements and tenant desires of today and the future.

Read the full article here.

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About the Author Julius Caten is a Specialist with RealFoundations with over 25 years of experience in the technology, real estate and energy industries driving projects related to energy management strategy, energy operations, enterprise energy management and performance reporting.  Read more about Julius' background here.

About RealFoundations  RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

John D’Angelo Contributes to NAREIM 20/20 Investor Summit Report

John D’Angelo Contributes to NAREIM 20/20 Investor Summit Report

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October 2017 | Chicago, IL -  The annual NAREIM 20/20 Investor Summit took place in Chicago in May, focusing on two important messages: The New Operating Platform & The New Era of Risk.  As an active contributor to NAREIM, RealFoundations Enterprise Managing Consultant, John D’Angelo, was cited in the output report, providing key points of view on how real estate investors and investment managers can begin ‘preparing for the unknown’.

In the report, Mr. D’Angelo notes the importance of understanding the functional operating model within a company, simply described as ‘the work it takes to be in business’ (where do the numbers on the reports originate? how are these numbers calculated? who performs these tasks? etc.).  To get to the point of understanding, he recommends all companies review at least once a year the work that they're doing, what has changed and what is currently changing in the business.  Making sense of ‘the work’ allows firms to identify areas for improvement, streamline processes, identify key performance metrics and apply governance rules to increase efficiency.   

According to Mr. D’Angelo, defining the Information Model is another crucial step in mitigating the risks of data inaccuracies that stem from manual calculations and lack of defined metrics.  “A decade ago, you did everything yourself, but now there are multiple parties collecting, analyzing and acting upon data, we can no longer improvise how this is managed”, states Mr. D’Angelo.  “In the next few years, we are not headed for business as usual, capital is behaving differently, data is changing things, and risk is only greater.” 

Getting a handle on the work that is performed and the data that is used to make important decisions is necessary in today’s world of real estate investing. As a general trend, Investment Managers and their clients are becoming much more aware of the value of improving their capture of data and putting that data to work to understand risks, opportunities, and ultimately drive performance.  

Read the full article on NAREIM's website here.

About RealFoundations  RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

RF Adds to Depth of Team with the Hire of Three Senior Managing Consultants in 2017

RF Adds to Depth of Team with the Hire of Three Senior Managing Consultants in 2017

September 2017 | Dallas, TX -  In support of its mission of making real estate run better, RealFoundations is proud to announce the recent addition of senior practitioners Kevin Vertrees, Barry Faulkner and Bob Kroner to the firm.  Collectively Kevin, Barry, and Bob bring 60+ years of deep industry knowledge and relevant capabilities to RF and will immediately contribute to the acquisition of new accounts and the delivery of projects and services to existing clients.

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In January, Kevin Vertrees joined RealFoundations as Lead Managing Consultant, bringing 17 years of real estate technology experience by way of enterprise IT design, integration and ecological adaptation, and improving manageability, effectiveness and ongoing efficiencies.  Kevin’s technical expertise spans all major ERPs including Yardi, MRI, JDE, Timberline and SAP.  Prior to joining RF, Kevin served as the VP of Information Technology at Forest City Ratner Companies in Cleveland, Ohio.

Senior Managing Consultant Barry Faulkner joined RealFoundations in May, increasing the firm’s breadth of experience by 25+ years.  Throughout his career Barry’s work has centered on business strategy development and implementation, merger integration, shared services implementation, operational improvement, new product development and change management.  He has extensive operational and investment experience with office, multifamily, industrial and retail assets as well as real estate fund operations.  He also served as Chairman of Portfolio Management Committee at NCREIF from 2011 to 2015. Prior to joining RealFoundations Barry was a Senior Vice President at Bentall Kennedy where he led efforts in strategic plan implementation, enhancing portfolio management, leading fund analytics & reporting and executing new product initiatives.

Bob Kroner joined the firm in July as a Senior Management Consultant, bringing extensive knowledge in the commercial real estate industry, with 20 years’ experience working in the owner/operator REIT sector.  Bob brings industry leading expertise to the firm in areas including finance and accounting, operations, technology and digital marketing strategies, public company and REIT compliance, mergers & acquisitions and sourcing & procurement.  Prior to joining RealFoundations Bob served as a Senior Manager with Deloitte Consulting, LLP where he successfully created client value and market differentiators through strategic financial, operational and technical initiatives.

"The real-world experience that Bob, Barry and Kevin bring to RF is tremendous,” says David W. Stanford, Founder and Enterprise Managing Consultant. “With their collective knowledge and extensive skillset in operational strategy, business process design and technology optimization, we have expanded our capabilities as a firm and look forward to their continued contributions."

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

Victoria Lara and Drew Pierson Promoted to Senior Managing Consultant at RealFoundations

Victoria Lara and Drew Pierson Promoted to Senior Managing Consultant at RealFoundations

July 2017 | Dallas, TX -  In keeping with its practice of adding to its collective knowledge and capabilities from within, RealFoundations is pleased to announce the recent promotions of both Victoria (‘Vycky’) Lara and Drew Pierson to Senior Managing Consultant roles within the firm.  Vycky and Drew have a combined 50+ years of real estate experience and have each been consulting with RealFoundations for over a decade, helping RealFoundations’ clients in the Office, Industrial, Retail, and Multifamily sectors run better.

Vycky Lara, based in the Washington, D.C. area, has been consulting with RealFoundations since July of 2006, specializing in solution implementations, project management and quality assurance, operational diagnostic and process improvement, organizational change management, and international deployment advisory services.  Most notably in her RF career, Vycky oversaw one of the first international JD Edwards implementations in Eastern Europe, a 5-year project for Atrium European Real Estate. With 20 years of industry experience and a deep knowledge of both JD Edwards and Oracle platforms, Vycky has delivered quality work to clients such as Seritage Growth Properties, Equity One, Hines and various other REITs in the US. 

Drew Pierson, former CIO for Town and Country Trust, also began working with RealFoundations in 2006, bringing a deep knowledge of the JD Edwards platform. With the compression of time and intensity of delivery in all RealFoundations’ projects, Drew quickly expanded his capabilities across many of the major ERPs including Yardi Voyager and MRI, as well as ancillary tools as they relate to Budgeting & Forecasting, Asset Management, Data Warehousing and Business Intelligence. Drew has delivered projects to notable clients including Blackstone, Equity One, Fairfield Residential, The Related Companies, Harbor Group, and Phillips Edison & Company. 

“The deep industry knowledge that both Vycky and Drew bring to the firm, combined with their skills to shape a project, comprehend the scope, apply the right resources and meet client expectations are the right tools for success at this level,” says Chris Shaida, founder and Enterprise Managing Consultant of the firm.  “The management team is excited about the professional progress of both individuals and the alignment of their assets to the long-term direction of the firm.”

Read more about Drew and Vycky here.

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.  

RF's Enterprise Managing Consultant John D’Angelo Joins CRE as Counselor

RF's Enterprise Managing Consultant John D’Angelo Joins CRE as Counselor

July 2017 | San Francisco, CA -  RealFoundations is pleased to announce John D’Angelo as Counselor of Real Estate (CRE). Becoming a Counselor with CRE is by invitation only and comprises rigorous application and interview processes, identifying candidates who outperform in areas such as Prominence in Profession, Expertise, Influence, Ethics and Experience.

Currently serving RF’s investment management and corporate real estate clients, Mr. D’Angelo’s industry qualifications include over 25 years of leadership experience in the homebuilder, multi-family developer/manager, and retail developer/manager markets. During his tenure with RealFoundations, John’s work has aided in developing trusted relationships with some of the most respected organizations in the world including Clarion Partners, GIC, JP Morgan Asset Management, Shorenstein, TIAA-CREF, Bank of America, Jones Lang LaSalle and Simon Properties. 

As Counselor of Real Estate, Mr. D’Angelo will be committed to providing significant guidance to leaders in various sectors of the real estate industry.  He will have the opportunity to collaborate with the other Counselors in a professional forum to share insights and experience, making decisions and providing direction to professionals that drive industry initiatives.

“I’m proud to have the opportunity to represent RealFoundations as a Counselor and excited to be part of an organization that counts so many of the best and brightest in the Industry as members.  The emphasis that the Counselors place on personal integrity, professional ethics, and thought leadership in Real Estate closely align to RealFoundations’ core values.”   - John D'Angelo

RealFoundations supports Mr. D’Angelo’s role as Counselor and looks forward to the great value he will deliver to real estate professionals, globally.

About CRE The Counselors of Real Estate was established exclusively for real estate professionals who provide advice, counsel or guidance which significantly affects real estate decisions, without personal bias or conflict of interest. Founded in 1953, the organization serves approximately 1,000 members worldwide, all of whom hold the “CRE” credential. CREs are linked to one another by their commitment to integrity, competence, community, trust, and service; and they adhere to a strict Code of Ethics and Standards of Professional Practice. The purpose of the organization is to be a community of expertise, talent, collegiality and camaraderie among practitioners recognized as leaders in real estate or real estate related counseling and advisory services.  Learn more about The Counselors of Real Estate here.

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

 

RF Director Simon Parsons Co-authors "Intelligent Assets for Tomorrow's Infrastructure"

RF Director Simon Parsons Co-authors "Intelligent Assets for Tomorrow's Infrastructure"

July 2017 | Dallas, TX – RealFoundations Director Simon Parsons contributed to a recent report published by the Institution of Civil Engineers (ICE), titled “Intelligent Assets for Tomorrow's Infrastructure: Guiding Principles”.  Published on June 14th, this guidance paper is a collaboration between the Asset Management group of the Institution of Civil Engineers’ Management Panel (of which Parsons is a member) and the University of Cambridge’s “Cambridge Centre for Smart Infrastructure and Construction” (CSIC).

Drawing on both recent research from the CSIC and longer-term industry experience, the paper focuses on the concepts of smart infrastructure and intelligent assets, explaining what they mean in practical terms alongside examples of use in infrastructure asset management to gain efficiency and reduce waste.  In the article, the authors propose a maturity model to guide smart asset development and help managers select appropriate technologies, with an emphasis on using data to improve asset management (both during construction and operation) to save time and money while increasing the underlying value of the asset.  

Get the full report on the ICE website here.

About the Institution of Civil Engineers The ICE is one of the world's most respected professional engineering associations, formed almost 200 years ago. It has over 90,000 members in more than 150 countries. Its Expert Panels are made up of members who lend their expertise to help shape ICE's outputs across a range of different areas within the civil engineering industry.

About the Cambridge Centre for Smart Infrastructure and Construction The CSIC was founded in April 2011 to translate research into commercial application to transform the future of infrastructure. As a world-leading centre of excellence at the University of Cambridge, CSIC's key objective is to develop robust and innovative solutions to meet challenges in the infrastructure and construction industry and to accelerate and enable knowledge transfer and exploitation of these emerging technologies.

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

RF Volunteers with Agape, Serving the DFW Community

RF Volunteers with Agape, Serving the DFW Community

June 2017 | Dallas, TX - On Saturday, June 24th, volunteers from RealFoundations partnered with Agape Resource & Assistance Center, Inc. to construct an on premise utility building at one of Agape’s housing facilities in Plano, TX.  Agape is a non-profit organization committed to providing shelter, sustenance and stability to women and children in the North Texas area.  The completion of this project, which also included new landscaping at the home, will allow future volunteers to provide bi-weekly lawn care maintenance for the current family.

"Agape is so honored and excited to have the hands and hearts of folks at RealFoundations support our work with homeless women and children", says Janet Collinsworth, Founder and Executive Director at Agape. "The shed the RF team built at our new Agape residential property will allow us to store yard maintenance equipment in a safe, easy to access on-site location so our wonderful maintenance volunteers can come weekly and easily keep the yards trimmed and tidy.  It is especially heartwarming to me to have friends and associates whom I value and respect in the professional realm work along side me to passionately support the vulnerable neighbors in our communities who desperately need help so they can work towards sustainable, independent living. The strong work ethic and social responsibility that makes RF a success as a professional organization are also benefiting our community for the greater good of all."

RealFoundations has been supporting Agape for many years through various contributions and sponsorship, including the North Texas Giving Day and the Caring Hearts Golf and Tennis Classic, as well as completing similar construction projects.  The RF team looks forward to their continued relationship with Agape, pitching in whenever possible and giving back to the community.

About Agape Not only does Agape provide affordable housing to single women and their children through the Housing 4 Hope program, but they also offer education, mentoring and counselling, ultimately helping families to become self-sufficient while bringing hope and empowerment to those in despair.   If you’re interested in becoming involved, financial contributions as well as non-monetary donations such as toiletries, baby products, office supplies, and Walmart & Safeway gift cards are also encouraged and highly appreciated.  Please contact info@hope4agape.com if you would like to contribute. More information related to Agape and Housing 4 Hope can be found at www.hope4agape.com

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

Managing Director Dale Smith Interviewed on Adapting to Tech Change in Real Estate

Managing Director Dale Smith Interviewed on Adapting to Tech Change in Real Estate

June 2017 | San Diego, CA — At the 2017 Realcomm IBCON Conference in San Diego on June 14th, RF Managing Director Dale Smith sat down with Eric Stromquist and gave his point of view on the “Market Response to the Accelerated Pace of Technological Change”.  During the interview, Dale described challenges faced by real estate companies who have been “historically slow to adopt new technology”, and how cloud technology, one-click applications, collaboration tools and the millennial workforce are accelerating that adoption rate.

See what Dale has to say about how RealFoundations and the market as a whole are adapting to change by watching the full interview here.

About RealFoundations  RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.

RealFoundations Partners with Q Software to Deliver Cloud-Based Automated Audit Capabilities to Supported JDE Clients

RealFoundations Partners with Q Software to Deliver Cloud-Based Automated Audit Capabilities to Supported JDE Clients

June 2017 | Dallas, TX — Real Foundations has partnered with Q Software to offer an integrated security & audit solution to Managed Services clients in the Real Estate Industry.  The out of the box functionality offers both a cloud based auditing system and a set of tools which fully integrate with the JD Edwards ERP system, providing services and content tailored to the specific needs of each client.

Utilizing the QCloud Automated Audit and Audit Manager platforms allows RealFoundations to provide a full security audit without installing additional software. 

RealFoundations Managed Services clients using JDE also benefit from:

  • Reduction of external auditing costs
  • Prevention of fraud and prioritized security rework requirements
  • Summarized findings in critical areas including Master Data, Critical Programs and Data Security.
  • Customization of Segregation of Duties rules within JDE for Real Estate
  • Improved security inquiry and net effect of role changes and combinations
  • Drill down capabilities for investigative issues

JDE users in the REIT and Home Builder markets will find these tools immensely helpful in fulfilling auditor requirements and in preventing fraud on their system.  "Companies in the Real Estate market face particularly stringent compliance challenges, which are very difficult to satisfy with the native JD Edwards Real Estate software," said Mike Ward, Chief Executive Officer at Q Software.  "We are delighted to partner with Real Foundations to deliver tailored solutions based on common audit requirements identified by Real Estate clients and auditors."

About Q Software As an Oracle Gold Partner, Q Software’s Audit, Security Control, and Efficiency solutions help 300+ JD Edwards and Oracle E-Business Suite customers protect their businesses from fraud, whilst significantly reducing the cost, effort and complexity of managing risk and demonstrating regulatory compliance. www.qsoftware.com

About RealFoundations RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better. www.realfoundations.net

“Analyzing Energy Data – Does Your ERP Suffice?” – By RF Director Julius Caten

“Analyzing Energy Data – Does Your ERP Suffice?” – By RF Director Julius Caten

June 2017 | Dallas, TX — A new article has been published in GRESB Insights online, highlighting the importance of an efficient ERP System and how the effective capture, tracking, reporting, and cross-departmental sharing of energy related data within an organization can dramatically contribute cost savings and reduce energy waste.  In the article, RealFoundations Director Julius Caten outlines several capabilities of a standard ERP system, as they relate to energy data capture, providing the opportunity for a Company to take inventory of whether their current ERP fits the bill.  Read the full article here.

About RealFoundations  RealFoundations is a professional services firm focused on the real estate industry. With offices on four continents, 400+ client-serving professionals and off-shore delivery capabilities in China and India, RealFoundations provides Management Consulting, Managed Services and Energy Solutions to developers, owners/operators, service providers, institutional investors and corporate occupiers. From the building itself to the way it is used, operated and financed, no firm understands the inner workings of the entire real estate ecosystem as well as RealFoundations. We Make Real Estate Run Better.