Why do headcount & AUM have to be linked?
For many real estate investment management firms, an increase in Assets Under Management (AUM) usually leads to an increase in headcount. Why is that – and what can be done about it? I spoke recently with the head of asset management for a firm in San Francisco that manages five open-ended core plus and value-add, […]
Why is underwriting such a critical stage within the Life of the Asset®?
Bad underwriting data poisons every subsequent stage in the life of a commercial real estate asset. Here’s how underwriting data gets dirty and what Pereview Software can do to identify and correct it. Underwriting in the Asset Lifecycle Of the seven stages in the lifecycle of a real estate asset, none is more critical than underwriting. But […]
Why does real estate reporting suck?
Real estate reporting should be simple and streamlined and provide transparency for investors. But for most commercial real estate firms, reporting is complicated, tedious, and opaque. In short, real estate reporting sucks. Why? “While other industries have leveraged technology to automate routine tasks, real estate has lagged behind,” says Derek Thornhill, vice president of the real […]
Be vaporwar-y: What are the business costs of vaporware for commercial real estate asset managers?
There are a multitude of risks – professional and personal – that come from investing in a software solution that’s more marketing hype than tangible deliverable. Let’s examine the business costs of vaporware for commercial real estate asset managers. What is vaporware? Are you familiar with vaporware? Vaporware is sort of a software bait-and-switch; it’s […]
Be vaporwar-y: How to spot vaporware or inadequate commercial real estate software
If your firm is in the market for commercial real estate asset management software, then you should beware of vaporware. Vaporware is software that’s marketed as a finished product, but in reality exists only on paper or in an incomplete beta state. Investing in vaporware can have significant negative repercussions when the software you’ve purchased […]
Escape from Excel Hell
Let’s be honest: pulling data from disconnected systems just to feed into your Excel models is time-consuming and exhausting. It’s a familiar cycle for most commercial real estate asset management firms. Whether you’re working with operating partners, JVs, or borrowers, information arrives in inconsistent formats – PDFs, spreadsheets, manual exports, emails, etc. – and it’s up […]
