Property Asset Management
According to a study by BOMA, the original construction cost of a building is only 16% of the total cost of ownership for that building over the course of 30 years. The remaining 84% of the total cost is attributable to ongoing maintenance, improvements and other expenses.It is no secret to owners of buildings, campuses, and other real estate assets that the plans and other critical information about their properties are usually spread about different offices or engineering departments, in paper and in digital files, in different formats. Rarely is all the information current or available. It also might be in storage with third-party companies such as IronMountain. This is expensive to store, and time-consuming to retrieve. And here's the other issue: what if there is an emergency? Storage is one issue, immediate access to the information is another.
Companies such as Oracle, Google, Jay Paul, and Bosa Development have turned to BarkerBlue to convert all of their building and maintenance information to a single, online repository with 24/7 access and metasearch capability. We manage all of this information in portals customized to the needs of the Facilities, Real Estate, and Construction Departments of these companies. Having all of their information at their fingertips, immediately, has saved our clients many thousands of dollars in managing their properties and has materially affected how fast they can solve problems and facilitate leasing and building sales transactions.
