Driving an Aggressive Occupancy Cost Reduction Program

| July 21, 2016

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Real estate is often the second largest expense on the income statement for most companies—typically right behind labor. It can significantly impact a company’s bottom line. In a contracting economy, an aggressive occupancy cost

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Cross Properties

Over the last seven years, the Principals of Cross Properties have acquired, developed and managed over five (5) million square feet of multifamily, office and retail assets throughout the Greater Philadelphia area with a total transaction volume in excess of $500 million. The members of the Management Team have extensive direct experience spanning all areas of real estate development, construction, brokerage, finance, and property management.

OTHER ARTICLES

How Technology Is Enabling the Real Estate Process

Article | April 8, 2020

Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction, which all vary by state and locality. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all. Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later.

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6 Ways to Finance Real Estate Investments

Article | March 4, 2020

Financing options for real estate investors fall into several different buckets. They range from various types of investment property mortgages to hard-money lending and portfolio loans. You can even turn to peer-to-peer lending platforms or crowdfunding to get the money you need. Investors just getting started may have fewer choices available. But as your portfolio grows, more options open up. This could make it easier to meet the needs of specific fix-and-flip or rental investments. There are more ways to finance real estate investments today than ever before. You have different financing options depending on the:

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Why Property Management Is Going High Tech

Article | March 10, 2020

As the property technology world develops, real estate firms are devoting more attention to how technology can help their businesses. Technology impacts real estate agents to an ever-increasing degree, and tools for every aspect of a real estate company are currently being developed. New programs and apps help manage and streamline real estate processes for realtors not just in the course of their everyday work but also when disasters strike. For example, in areas of the country that suffer from severe weather-related issues, property management can be extremely challenging for industry professionals and their clients. Software products recently released on the market, however, can help property managers connect with residents and track communications. With just a few clicks of a button, the software can ensure tenants get the help they need by using targeted text messages and phone calls. This greatly eases the stress on client and owner alike. More than half of commercial real estate agents are now using at least one form of property technology. Two common ways they’re using technology are to analyze performance and to manage accounts and properties on their lists. The goal of moving toward artificial intelligence (AI) in real estate is to give business owners the freedom to customize information technology to better fit the needs of their companies.

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Pandemic could mean opportunity for real estate investors

Article | April 8, 2020

The COVID-19 pandemic has left no industry untouched. Many Americans and property owners didn’t have the cash to pay their rent this month. Which means some landlords are going to struggle with the mortgage, which means an opportunity for some property investors. Daniel Lebensohn, co-founder of the investment firm BH3, said buying that distressed debt built the foundation of his company. He said nobody feels good about taking advantage of misfortune, but firms will be looking at this pandemic in the same light.

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Spotlight

Cross Properties

Over the last seven years, the Principals of Cross Properties have acquired, developed and managed over five (5) million square feet of multifamily, office and retail assets throughout the Greater Philadelphia area with a total transaction volume in excess of $500 million. The members of the Management Team have extensive direct experience spanning all areas of real estate development, construction, brokerage, finance, and property management.

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