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Modernizing the CRE Tech Ecosystem Across Three Pillars

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Daniel Cozza
Chief Product Officer at Building Engines
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Reimagining Real Estate Sustainability Summit
September 29, 2020, New York, USA
Reimagining Real Estate Sustainability Summit
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Modernizing the CRE Tech Ecosystem Across Three Pillars
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About speakers

Daniel Cozza
Chief Product Officer at Building Engines
Scott Morey
Executive Director at One11 Advisors
Tim Curran
CEO at Building Engines

Daniel joined Building Engines in 2017 as CPO, his 3rd such role in B2B SaaS. Prior to Building Engines, he led product as CTO at Bluecielo, later acquired by Accruent. Prior to that, he lead the Construction effort as Director of BIM 360 at Autodesk. Daniel joined Autodesk through the acquisition of Vela, where he led the company as CTO through a successful transition to a modern web and mobile platform. Earlier in his career, Daniel led and built product in a variety of industries, including payment processing, CRM, data protection and HR/Recruiting. Daniel has a Bachelor of Science degree in Mathematics and Computer Science from Tufts University. Daniel lives on the South Shore of Boston, enjoying golf and the occasional beach day.

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With 30 years of global experience in the real estate industry, Scott Morey has worked with numerous real estate owners, operators, developers, and advisors with the objective of maximizing the value of their holdings. He is a longtime member of the Realcomm Advisory Council and has served in executive-level roles for several large real estate and CRE tech organizations including General Growth Properties (GGP); Alvarez and Marsal and RealFoundations in the United Kingdom; Cityscape in Lagos, Nigeria; Equity Office Properties; Ernst & Young Kenneth Leventhal; and Accenture.

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Tim joined Building Engines as a Board Director in 2011 and as CEO in 2017, the fourth time he has held the CEO position for a B2B SaaS company. Prior to Building Engines, Tim served as CEO of Corvium, Eleven Technologies, and Vela System, which pioneered field automation on iPads for CRE construction projects, which is now Autodesk BIM360. Previously, Tim was Chief Revenue Office of I-many, which IPOd in 2000, after starting his career at Accenture, developing and implementing software applications across a range of industries and business processes.

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About the talk

Topic: PropTech

Commercial real estate (CRE) owners and operators are overcoming a big challenge that has long afflicted the industry. On one hand, it’s critical to operate as efficiently as possible to keep costs under control and net operating income (NOI) high. On the other, tenants have growing expectations and demands. Technology has, in many ways, been touted as the answer, and many CRE companies are modernizing with tech solutions. The overarching intent driving such investment by CRE owners and operators has been to discover more efficient ways to operate buildings, without sacrificing tenant engagement and satisfaction. However, the path to putting this into practice in most CRE firms hasn’t been that simple.

As a result, owners and operators are struggling with a complex patchwork of systems that often cannot be integrated into a cohesive ecosystem and they lack technology partners with sufficient domain experience and technical depth. To address these challenges, owners and operators must standardize on modern, cloud-based systems with an open architecture that facilitates data flows between key platforms. And, tech stacks need to be built based on three primary pillars:

Finance & Accounting: billing, AP, investor reporting

Building operations: asset management, engagement, engineering

Leasing: tenants, occupants, consumers

This session will feature Scott Morey, executive director of One11 Advisors, Tim Curran, chief executive officer of Building Engines, and Daniel Cozza, chief product officer of Building Engines, who will dive deeper into the concept of the ‘three pillars’ of CRE, the tech gap that exists in the industry and how to bring the industry the tech solutions it wants and needs to drive business growth.

00:20 Intro

02:10 Sustainability and building operations

06:55 Safety

09:21 Well-documented processes and reporting

12:45 Flexibility

15:05 Security and privacy

16:51 The changing space

18:54 Space management

20:56 Advice and tips

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This is Scott Morey. With One11 Advisors. This is part of the CREtech program that I'm super excited to have two guests today on the main stage. Tim Curran, CEO of Building Engines, and Daniel Cozza the Chief Product Officer and this session really and the series of sessions are around real estate and sustainability and where that's going in the challenges in the marketplace where text fits into that what tech is doing. Well, you know where I can improve and I think you know before we jump in there are two or three overall Killers

When we look at technology and I think the two of you agree with it, someone is around Finance and Accounting and sort of the bucket of solutions there which has been in place for a while but really didn't catch up as kind of what I would call Enterprise-level tools probably till the last I'd say probably in six to eight years. Then you got a bucket around leasing which is Evan flowed or last couple of decades showing my age, but clearly has a dominant player in that space today and the circulars round building operations, which is where you guys operate in and what this

conference is based on and as you know, there's a lot of movement there and Building Engines of course has been a leader in that space per couple decades now, but you continue to sort of expand and grow on how you meet your customers' demands and what you do out in that space. So I'd love for you to talk in more detail around sustainability standability building operations and kind of how you

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