Managed Services for Digital Transformation Adaption
In a recent article, Digital Journal interviewed RealFoundations’ CEO of Managed Services Dan Sterk on the commercial real estate industry. Sterk discussed within the post how well companies are adapting to digital transformation through managed services in areas including property accounting, lease administration and application support to streamline operations, enhance data transparency and offer scalability. Sterk also highlighted the benefits of outsourcing managed services to meet the dynamic demands of the real estate ecosystem.
During the Q&A session, Sterk responded to the following questions and more:
What are some of the most prominent examples of managed services within commercial real estate?
“That’s a great question – the reality is that there is a wide variety of managed services within commercial real estate that improve operational performance, increase data transparency, and contribute to organizational stability. There has been tremendous growth in real estate managed services in the last few years and we’ve seen that the most successful service providers are those made up of industry professionals with highly specialized skills and knowledge of specific asset classes. The ultimate goal of managed services is to streamline critical processes while providing ongoing improvement across portfolios.”
How has tech transformed commercial real estate and the way owners and operators manage portfolios?
“Like every industry, technology is impacting commercial real estate and residential management operations now more than ever. Consumers are conditioned to receive what they want when they want – which is instantly – requiring property managers to rethink the leasing process and tenant experience and cater to the desire of new generations for quick, convenient and on-demand experiences.”
What are some of the most prominent examples of managed services within commercial real estate?
“Once a company decides to outsource, it should begin vetting several different, experienced providers. Asking direct and specific questions will help to identify the best firm with which to partner such as Are you ready to leverage sourcing? Is your team onboard? Do you know your processes and are they consistent? Does one firm stand out for its use of leading practices and technology solutions?”
Connect with Us
To learn more about how RealFoundations’ Managed Services can deliver long-term benefits to your organization, contact Dan Sterk by email or +1 214 292 7000.
Dan Sterk
CEO
Managed Services
View Bio
About Digital Journal
Digital Journal, founded in 1998, is a global media platform and content partner that elevates voices in the news cycle by capturing and covering firsts. Digital Journal attracts millions of readers and has amassed hundreds of thousands of social media followers, publishing upwards of 70,000 articles per month.
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.
