October 2020 | Dallas, TX – PRNewswire RealFoundations, the world’s foremost provider of management consulting solutions and managed services for the real estate industry, today announced the completion of a four-month project enabling MultiGreen Properties to efficiently develop and operate 40,000 sustainable apartments by 2030. RealFoundations’ work also positions the young company to become a leader in ESG reporting, performance and transparency.
Founded in the summer of 2019, MultiGreen publicly launched with an announcement from Davos, Switzerland, on January 20, 2020, at the 50th Annual World Economic Forum. MultiGreen is exclusively focused on ground-up construction and operations of entry-level, sustainable and high-tech multifamily housing. By contrast, other companies in this market segment have mixed property portfolios and have yet to comprehensively structure their businesses around sustainability principles. MultiGreen aims to differentiate itself in the capital markets as the leading development and investment firm for ESG standards.
MultiGreen engaged RealFoundations to help the organization establish a scalable operating model and robust technology platform to support its aggressive business goals and anticipated rapid growth. RealFoundations utilized its proprietary Design, Build, Deploy methodology to help define:
- What work MultiGreen must accomplish to achieve its objectives;
- Who does the work, including whether it’s done in-house or sourced to third parties;
- What information, data and technology are needed to complete the work;
- Key initiatives required to strategically guide and grow the company; and
- A roadmap for implementation of that technology.
Yardi Voyager, a preeminent cloud-based accounting and property management platform for the real estate industry, was selected as one of MultiGreen’s primary technology solutions. With extensive expertise in Yardi, RealFoundations helmed the implementation, delivering a leading practices-based system with defined processes that support MultiGreen’s new operating model. MultiGreen can continue leveraging the Voyager platform, adding features and functionality as developed properties move into operations, or when the company offers different or more complicated investment products to the marketplace.
Additionally, RealFoundations provides ongoing managed accounting services for MultiGreen, allowing the firm to concentrate on its core business and easily scale up accounting operations as the portfolio grows.
“We retained RealFoundations because of its track record in accelerating the growth of real estate companies of all sizes and maturities. Now, with a solid operating model and technology platform in place, we’re well positioned to fulfill our vision of bringing sustainable living to tens of thousands of families and creating institutional-grade ESG opportunities for investors.”
— Randy Norton, Founder and Chairman of the Board, MultiGreen
The collaboration with MultiGreen is a unique opportunity for RealFoundations.
“We’re thrilled to help MultiGreen get set up to succeed in making sustainable multifamily housing attainable to so many more people while offering new, socially significant opportunities for investors. This is truly a chance to positively impact the delivery of attainable housing, through our work, which is very rewarding.”
— David Stanford, Enterprise Managing Consultant and Co-Founder, RealFoundations
Connect with Us
To learn more about the RealFoundations’ Management Consulting practice, contact our Chief Revenue Officer John Seaton by email or +1 214 292 7000.
About MultiGreen Properties
MultiGreen Properties is a real estate development and operating company dedicated to the construction of attainable, sustainable and technology-enabled multifamily properties. Co-founded in 2019 by Green Mesa Capital and i(x) investments, MultiGreen provides a historic opportunity to create economic growth and catalytic social impact in housing supply-constrained markets. The mission of MultiGreen Properties is to be a Top 25 Owner of newly constructed multifamily units by 2030, and to be recognized as a global leader in sustainable entry-level housing.
About Yardi
Yardi develops and supports industry-leading investment and property management software for all types and sizes of real estate companies. Established in 1984, Yardi® is based in Santa Barbara, CA and serves clients worldwide.
About RealFoundations
RealFoundations (RF) is the world’s foremost professional services firm focused solely on the real estate industry. Through our delivery of Management Consulting and Managed Services, we help companies that develop, own, operate, service or invest in real estate make better, more profitable decisions. We are proud partners to over 500 real estate companies around the globe, providing accelerated solutions that solve some of real estate’s most complex challenges. We Make Real Estate Run Better.
