REAL ESTATE INVESTMENT

Incendium Consulting, Part of The Instant Group, Acquires Capstan Advisors to Scale Workplace and Strategy Practice; Continue U.S. Expansion

The Instant Group, Incendium and Capstan Advisors | August 17, 2022 | Read time : 02:38 min

Incendium Consulting Part of The Instant Group
Workspace and strategy consultancy Incendium Consulting, part of the global workspace innovation firm The Instant Group, has acquired Capstan Advisors. As the shift to hybrid work environments has challenged businesses cross-functionally, Fortune 1000 companies look to Incendium and Instant for smarter working strategies.  This alliance strengthens Incendium's global reach and accelerates its U.S. growth strategy to help enterprise corporations with organizational and functional strategy.

Leaders need flexibility and smarter working practices to address ever-changing workplace dynamics, particularly in this pivotal moment of change, As part of the world's largest global flexible marketplace, we work with business and corporate real estate leaders to challenge traditional approaches to real estate and evolve workplace models that deliver smart work solutions. Capstan Advisors will ignite Incendium's U.S. expansion plans for our real estate advisory services practice. Their experience and strength in corporate real estate consulting, procurement and strategy brings depth of capability and additional blue-chip clients to the group, said Mike Perkis, Global Head of Incendium Consulting.

Headquartered in the U.S., Capstan Advisors is a leading provider of organizational design, outsourcing process management, contract negotiation, and transition support for the full spectrum of corporate real estate services for global Fortune 1000 companies. Like Incendium, they work with some of the largest firms in pharmaceutical, technology, manufacturing, financial services and telecom/media services.

"Corporate real estate executives face tremendous challenges today, with the changing nature of work and renewed pressure to reduce costs, Incendium expands both our global reach and the services we can offer to our clients, from our core business of operating model and procurement to Incendium's other advisory areas such as sustainability, executive recruiting and workplace strategy advisory services."

- Paul Garity, one of Capstan's partners

Garity and his partners, Sherri Parman, John Davis, and Kent Wiegel are all seasoned corporate real estate executives with hands-on experience managing corporate real estate as both corporate real estate executives and service providers. Since inception, Capstan has completed advisory assignments for over 100 corporations with real estate portfolios in the Americas, EMEA and Asia.

About The Instant Group
The Instant Group has been rethinking workspace since 1999 with over 500 experts working globally across more than 175 countries. Instant's digital platforms constitute the world's largest digital marketplace for flexible workspace listing meeting rooms, virtual offices, flexible office space and coworking memberships. Its global team advises on commercial real estate solutions from serviced offices to fully customized managed offices, and consulting services for portfolio and net zero strategies.  Instant's approach enables agility, hybrid working solutions and improved operational resilience for more than 250,000 businesses every year. Clients include Amex, Prudential, Booking.com, Shell, Jaguar Land Rover and GSK.  Instant has global offices including London, Paris, New York, Hong Kong, Singapore and Sydney.

About Incendium
Incendium is a leading global corporate real estate consultancy business that partners with occupiers to support and enable their business performance through its core service lines of Strategy & Change, Operating Model and Procurement, and Sustainability. Incendium works with a range of significant blue-chip global clients across many sectors to use real estate as a catalyst for agility, performance, and value. As part of The Instant Group, it works together with colleagues from across the business to devise and implement innovative agile workplace strategies and solutions for all clients.

About Capstan Advisors
Capstan Advisors, founded in 2007, is a leading consulting firm in the U.S. dedicated to advising corporate real estate and procurement executives of global companies on best practices for corporate real estate organizations, operations and service delivery. Capstan's primary consulting services include organizational transformation, outsourcing consulting, ongoing contract governance, transition implementation, and performance management. Capstan assists clients across the spectrum of services including facilities operations, transactions, project management, lease administration, and a variety of other corporate services.

Spotlight

We have a long and proud history of creating places that meet the needs of our customers and communities

Spotlight

We have a long and proud history of creating places that meet the needs of our customers and communities

Related News

REAL ESTATE TECHNOLOGY,REAL ESTATE INVESTMENT

Berkadia Signs Multiyear Agreement With Esusu

Berkadia and Esusu | September 08, 2022

Berkadia announced today that it signed an agreement with Esusu, the leading financial technology company leveraging rental data for credit building. This partnership unlocks greater equity for renters, improves property performance for multifamily owners and operators and reduces lender risk. With a mission to dismantle barriers to housing for working families, Esusu reports on-time rent payments to the three major credit bureaus, Equifax, Transunion, and Experian, to establish and boost credit scores for residents. The collaboration, which launched in the Spring of 2021, has expanded to over 34,000 units, establishing over 5,300 credit scores for residents to date. “We could not be happier to have a multi-year agreement with Esusu, which allows Berkadia to extend a powerful property performance enhancing solution to our clients, This will help owners and operators reach their own ESG goals at an exceptional value and support Esusu’s critical and innovative objective–helping renters build and improve their credit.” -Bryce Nyberg, Director of Berkadia Digital Partnering to Provide Value and Solutions Seeing the value Esusu could bring to the entire residential ecosystem, a partnership was formed when Esusu joined Berkadia’s inaugural BeEngaged program in February 2020. The partnership has proven to be mutually beneficial and has helped Berkadia develop a competitive advantage as an attractive funding source to owners and operators who value Esusu as both an economic and social solution. Through Berkadia’s introduction, Esusu services over 285 properties across more than 10 management companies including Burbank Housing, Comunidad, Eagle Property Capital, Morgan Properties, Odin Properties and more. As a workforce housing provider operating primarily in the inner city, Odin Properties has long been focused on supporting quality of life for our residents, In Esusu, we found a solution and a team that helped further that goal by allowing residents unprecedented access to the financial system, while improving property performance. It has been encouraging to see Esusu grow as their message rightfully resonates with so many different housing stakeholders,said Phil Balderston, Founder & CEO of Odin Properties LLC. Supporting an Equitable Housing Market Throughout the partnership, there has been growing industry awareness around the criticality of equity in multifamily housing. This was further emphasized when Esusu announced a collaboration with Freddie Mac. Through their joint initiative in support of increasing equitability in the housing market, Freddie Mac provides closing cost credits to multifamily borrowers who agree to use Esusu to report on-time rental payments. Esusu also provides discounted pricing for these and other Freddie Mac borrowers who agree to report on-time rental payments through the platform. Our credit building initiative has helped build or establish credit scores for tens of thousands of multifamily renters nationwide, It is an essential component of our effort to build a more equitable multifamily housing system,said Corey Aber, Vice President of Mission, Policy and Strategy for Freddie Mac Multifamily. Utilizing Real-Time Data for Returns Esusu not only improves the quality of life for residents but also helps properties maximize net operating income (NOI). By adding Esusu to Berkadia’s expansive network, borrowers can see scalable social impact results–credit score increases, new established scores, eviction prevention–as well as economic returns through improved rent collections, reduced delinquencies and renter turnover, and thereby healthier cash flows. We are grateful for our long-standing collaboration with Berkadia, The firm took an early bet on Esusu through their BeEngaged program which has paved the way for Esusu’s proliferation throughout the marketplace. Berkadia has shared our vision from day one and their foresight has led to adoption by other lenders and sponsors throughout the industry. Together, we will continue to create a world-class experience for their sponsors while taking tangible steps towards dismantling barriers to housing and bridging the racial wealth gap,said Samir Goel and Wemimo Abbey, Co-Founders and Co-CEOs of Esusu. About BeEngaged Launched in 2019, the BeEngaged program advises and accelerates startups that are redefining the commercial real estate industry by providing them with resources, strategic counsel, and a collaborative network to test and grow innovative concepts. Since then, the organization has accelerated more than a dozen CRE tech startups, including Esusu. BeEngaged features three stages to foster innovation and collaboration across the commercial real estate industry: BeEngaged Network®, Verified Status, and the BeEngaged Lab®. The BeEngaged Network® develops an ecosystem of founders, industry professionals, and capital providers dedicated to redefining the commercial real estate space. Companies participating in the BeEngaged Network® that have proven potential for long-term growth and industry transformation can be invited to seek Verified Status (VP). This stage provides company founders with focused mentorship for validating strategic alignment to participants of the BeEngaged ecosystem through experiments and pilots. Successful VP companies are invited to join BeEngaged Lab®, which is a catalyst for founders and Berkadia to collaborate on long-term initiatives. About Berkadia® Berkadia, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is a leader in the commercial real estate industry, offering a robust suite of services to our multifamily and commercial property clients. Through our integrated mortgage banking, investment sales and servicing platform, Berkadia delivers comprehensive real estate solutions for the entire life cycle of our clients’ assets. About Esusu Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu's rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows renters to build and establish their credit scores while helping property owners mitigate against initiating evictions, powered by differentiated data and insights. Founded in 2018, Esusu reaches over 2.5 million rental units across all 50 states in the U.S.

Read More

REAL ESTATE TECHNOLOGY

RESAAS Partners with HelloSign to Bring Signed Referral Agreements to the Real Estate Industry

HelloSign and RESAAS | August 20, 2022

RESAAS Services Inc., a technology platform for the real estate industry, has partnered with HelloSign, a Dropbox company, bringing electronically-signed referral agreements to the real estate industry. RESAAS is already used by one in four REALTORS® in the United States for facilitating brokerage-agnostic referrals between Real Estate Agents. To facilitate a secure and transparent method to electronically sign a referral agreement, RESAAS has successfully integrated HelloSign technology into the RESAAS platform. "HelloSign is excited to partner with an industry platform with the vast reach RESAAS has across real estate, Our ability to provide global scale that organizations like RESAAS require sets us apart. HelloSign's technology makes integrations efficient, which enabled RESAAS to incorporate electronic signatures into its existing technology platform in just two weeks." -Kelash Kumar, Vice President of Product at Dropbox Since implementing HelloSign, RESAAS has seen over 80% of new referrals use electronically signed referral agreements. RESAAS has brought trust to the real estate industry, The addition of electronically signed agreements to the existing RESAAS referral network is what the industry has been calling for. The RESAAS referral solution has already won multiple industry awards, enabling REALTORS® to trade referral business globally. Now, thanks to electronically signed referral agreements, RESAAS Agents can set out agreed terms of referrals and ensure they collect a fee for any referral they share through RESAAS,said Tom Rossiter, CEO of RESAAS. About HelloSign HelloSign, a Dropbox company, simplifies work for millions of individuals. Customers all over the world trust the HelloSign platform – which includes eSignature, digital workflow and electronic fax solutions with HelloSign, HelloWorks and HelloFax – to automate and manage their most important business transactions. About RESAAS Services Inc. RESAAS is an award-winning global technology platform for the real estate industry. With over 500,000 real estate agents utilizing RESAAS in 160 countries, RESAAS enables real-time industry communication, delivers new business opportunities and captures unique real estate data. Some of real estate's biggest brands leverage RESAAS to provide business intelligence to real estate brokerages, franchises and associations.

Read More

REAL ESTATE TECHNOLOGY

EY announces alliance with Planon to help businesses optimize real estate, digital workplace and lease accounting programs

EY | July 21, 2022

The EY organization today announces an alliance with Planon, a market leading smart sustainable building management solution provider, and EY Advisory Netherlands LLP (EY Netherlands), to help businesses optimize their real estate and workplace strategies in achieving growth, long-term value and sustainability. The alliance has been activated in the Netherlands and the US with additional global expansion planned over time. As corporate offices play an enormous role in reaching a net-zero future, real estate managers are under increasing pressure to be transparent about the energy and sustainability performance of their building portfolios and to identify areas for improvement. The EY-Planon Alliance brings clients options for a seamless experience to fulfil their real estate and digital workplace needs with a focus on innovative technology and efficacy in implementation. This alliance supports client efforts to navigate the increasingly complex digital workplace, smart building and workplace experience arena with actionable and meaningful insights from the EY organization, combined with Planon's integrated workplace management solution (IWMS) and internet of things (IoT) platform. As leaders in the real estate consulting and technology marketplace, EY teams bring deep knowledge of real estate, workplace and facilities, and extensive experience in lease accounting and software implementation across a global footprint. Through the alliance offerings, clients will also be supported to meet compliance with lease accounting standards and create greater efficiency in portfolio management and process quality, which measurably helps reduce costs and contributes to the organization's overall performance. Bernd Kramer, EY Global Planon Alliance Leader, says: "The EY-Planon Alliance brings together the digital tools, systems and implementation experience of EY teams and Planon to support organizations seeking a comprehensive solution depot to reshape their real estate and facilities digitally. The alliance helps reduce the complexity arising from independent siloed systems through unified integrated platforms, helping organizations make better decisions, and act quickly and sustainably to develop a future-ready workplace." "Planon is thrilled to collaborate with the EY organization to leverage their experience in real estate and business consulting, their in-depth knowledge of the IWMS landscape and their thought leadership to help our clients achieve a healthy, efficient and sustainable workplace. As global leaders in our respective fields, the EY organization and Planon make a powerful team that will continue to help drive adoption of leading technologies for real estate and facility management, and add value for clients." Pierre Guelen, Founder and CEO of Planon About EY EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. About Planon Planon is the leading global provider of Smart Sustainable Building Management software that connects buildings, people and processes. By eliminating data silos and aligning solutions into one shared information platform, Planon provides all building stakeholders with actionable and meaningful insights. Independent market research and consulting firms have consistently rated Planon as a global leader in the market. Planon has implemented its comprehensive solutions for more than 2,500 clients, supported by offices and partners around the world.

Read More