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As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n</div>","post_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n<!--more-->\n<p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>\n<h2><strong>1. Optimize Your CRE Portfolio</strong></h2>\n<p>Protecting your business from inflation <strong>begins with </strong><a href=\"https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization\"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>\n<p>Commercial real estate often falls into one of three categories: <a href=\"https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them\"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>\n<p style=\"font-weight: normal;\">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style=\"font-weight: 400;\"></span><span style=\"font-weight: 400;\"></span></p>\n<h2><strong>2. Cut Extraneous Operational Costs</strong></h2>\n<p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>\n<p>Undergo a <a href=\"https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization\"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>\n<p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>\n<p>Talent and valuable CRE technology like <a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href=\"https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273\"><span>key performance indicators (KPIs)</span></a>.</p>\n<h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>\n<p>While automation may require an upfront investment, companies have achieved average cost savings <a href=\"https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf\"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>\n<p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>\n<ul>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist\"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\"><span>Work order submission</span></a> processes.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>\n</ul>\n<p>Automation, through tools like a <a href=\"https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>\n<h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>\n<p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>\n<p><a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>\n<p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>\n<p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>\n<h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>\n<p><span style=\"font-weight: 400;\">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>\n<p><span style=\"font-weight: 400;\">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<!-- .entry-footer --></div>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n</div>","rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n<!--more-->\n<p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>\n<h2><strong>1. Optimize Your CRE Portfolio</strong></h2>\n<p>Protecting your business from inflation <strong>begins with </strong><a href=\"https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization\"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>\n<p>Commercial real estate often falls into one of three categories: <a href=\"https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them\"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>\n<p style=\"font-weight: normal;\">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style=\"font-weight: 400;\"></span><span style=\"font-weight: 400;\"></span></p>\n<h2><strong>2. Cut Extraneous Operational Costs</strong></h2>\n<p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>\n<p>Undergo a <a href=\"https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization\"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>\n<p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>\n<p>Talent and valuable CRE technology like <a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href=\"https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273\"><span>key performance indicators (KPIs)</span></a>.</p>\n<h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>\n<p>While automation may require an upfront investment, companies have achieved average cost savings <a href=\"https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf\"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>\n<p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>\n<ul>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist\"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\"><span>Work order submission</span></a> processes.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>\n</ul>\n<p>Automation, through tools like a <a href=\"https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>\n<h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>\n<p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>\n<p><a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>\n<p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>\n<p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>\n<h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>\n<p><span style=\"font-weight: 400;\">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>\n<p><span style=\"font-weight: 400;\">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<!-- .entry-footer --></div>\n<!-- .entry-content -->","enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"keywords":[],"composition_id":0,"header":null,"password":null,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"published_at":1669909320559,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"coins stacked on scale to represent inflation","meta_description":"Companies that rely on commercial real estate must have a strategy to combat periods of high inflation. Here are four CRE strategies to consider.","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":"Blog","campaign_utm":"Blog","meta_keywords":null,"tweet_immediately":false,"publish_immediately":false,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":"","performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":13028929,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":false,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":80362584738,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/inflation%20strategies%20featured%20image.png","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"4 CRE Strategies to Protect Against Inflation","tag_ids":[77269686336,77269686306,77269686345],"topic_ids":[77269686336,77269686306,77269686345],"post_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n</div>","post_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n<!--more-->\n<p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>\n<h2><strong>1. Optimize Your CRE Portfolio</strong></h2>\n<p>Protecting your business from inflation <strong>begins with </strong><a href=\"https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization\"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>\n<p>Commercial real estate often falls into one of three categories: <a href=\"https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them\"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>\n<p style=\"font-weight: normal;\">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style=\"font-weight: 400;\"></span><span style=\"font-weight: 400;\"></span></p>\n<h2><strong>2. Cut Extraneous Operational Costs</strong></h2>\n<p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>\n<p>Undergo a <a href=\"https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization\"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>\n<p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>\n<p>Talent and valuable CRE technology like <a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href=\"https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273\"><span>key performance indicators (KPIs)</span></a>.</p>\n<h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>\n<p>While automation may require an upfront investment, companies have achieved average cost savings <a href=\"https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf\"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>\n<p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>\n<ul>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist\"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\"><span>Work order submission</span></a> processes.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>\n</ul>\n<p>Automation, through tools like a <a href=\"https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>\n<h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>\n<p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>\n<p><a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>\n<p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>\n<p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>\n<h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>\n<p><span style=\"font-weight: 400;\">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>\n<p><span style=\"font-weight: 400;\">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<!-- .entry-footer --></div>\n<!-- .entry-content -->","rss_summary":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n</div>","rss_body":"<div class=\"entry-header table\">\n<div class=\"cell\"><!--\n\t\t\t<div class=\"entry-meta\">\n\t\t\t\t<p>Posted on September 30, 2021 by Tim Anderson</p>\n\t\t\t</div>\n--></div>\n</div>\n<div class=\"entry-content\">\n<p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>\n<p><span style=\"font-weight: 400;\">The effects of <a href=\"https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate\"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>\n<p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>\n<!--more-->\n<p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>\n<h2><strong>1. Optimize Your CRE Portfolio</strong></h2>\n<p>Protecting your business from inflation <strong>begins with </strong><a href=\"https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization\"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>\n<p>Commercial real estate often falls into one of three categories: <a href=\"https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them\"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>\n<p style=\"font-weight: normal;\">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style=\"font-weight: 400;\"></span><span style=\"font-weight: 400;\"></span></p>\n<h2><strong>2. Cut Extraneous Operational Costs</strong></h2>\n<p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>\n<p>Undergo a <a href=\"https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization\"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>\n<p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>\n<p>Talent and valuable CRE technology like <a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href=\"https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273\"><span>key performance indicators (KPIs)</span></a>.</p>\n<h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>\n<p>While automation may require an upfront investment, companies have achieved average cost savings <a href=\"https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf\"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>\n<p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>\n<ul>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist\"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests\"><span>Work order submission</span></a> processes.&nbsp;</li>\n<li aria-level=\"1\"><a href=\"https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider\"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>\n</ul>\n<p>Automation, through tools like a <a href=\"https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms\"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>\n<h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>\n<p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>\n<p><a href=\"https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio\"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>\n<p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>\n<p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>\n<h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>\n<p><span style=\"font-weight: 400;\">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href=\"https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide\"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>\n<p><span style=\"font-weight: 400;\">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>\n<p style=\"text-align: center;\"><!--HubSpot Call-to-Action Code --> <span class=\"hs-cta-wrapper\" id=\"hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921\"> <span class=\"hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921\" id=\"bf95543d-915d-4128-b3e0-620ded7a5921\" style=\"visibility: visible;\" data-hs-drop=\"true\"><a id=\"cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107\" class=\"cta_button\" href=\"https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b\" cta_dest_link=\"https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/\"></a></span>\n<script charset=\"utf-8\" src=\"//js.hubspot.com/cta/current.js\"></script>\n<script type=\"text/javascript\">\n\t\thbspt.cta.load(6374170, 'bf95543d-915d-4128-b3e0-620ded7a5921', {});\n\t\t</script>\n</span> <!-- end HubSpot Call-to-Action Code --></p>\n<!-- .entry-footer --></div>\n<!-- .entry-content -->","enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":0,"keywords":[],"composition_id":0,"header":null,"password":null,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"published_at":1669909320559,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"coins stacked on scale to represent inflation","meta_description":"Companies that rely on commercial real estate must have a strategy to combat periods of high inflation. 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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <div class="entry-content">
    <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>
    <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>
    <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>
    <!--more-->
    <p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>
    <h2><strong>1. Optimize Your CRE Portfolio</strong></h2>
    <p>Protecting your business from inflation <strong>begins with </strong><a href="https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>
    <p>Commercial real estate often falls into one of three categories: <a href="https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>
    <p style="font-weight: normal;">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style="font-weight: 400;"></span><span style="font-weight: 400;"></span></p>
    <h2><strong>2. Cut Extraneous Operational Costs</strong></h2>
    <p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>
    <p>Undergo a <a href="https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>
    <p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>
    <p>Talent and valuable CRE technology like <a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href="https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273"><span>key performance indicators (KPIs)</span></a>.</p>
    <h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>
    <p>While automation may require an upfront investment, companies have achieved average cost savings <a href="https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>
    <p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>
    <ul>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests"><span>Work order submission</span></a> processes.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>
    </ul>
    <p>Automation, through tools like a <a href="https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>
    <h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>
    <p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>
    <p><a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>
    <p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>
    <p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>
    <h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>
    <p><span style="font-weight: 400;">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>
    <p><span style="font-weight: 400;">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
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    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <div class="entry-content">
    <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>
    <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>
    <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>
    <!--more-->
    <p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>
    <h2><strong>1. Optimize Your CRE Portfolio</strong></h2>
    <p>Protecting your business from inflation <strong>begins with </strong><a href="https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>
    <p>Commercial real estate often falls into one of three categories: <a href="https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>
    <p style="font-weight: normal;">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style="font-weight: 400;"></span><span style="font-weight: 400;"></span></p>
    <h2><strong>2. Cut Extraneous Operational Costs</strong></h2>
    <p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>
    <p>Undergo a <a href="https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>
    <p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>
    <p>Talent and valuable CRE technology like <a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href="https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273"><span>key performance indicators (KPIs)</span></a>.</p>
    <h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>
    <p>While automation may require an upfront investment, companies have achieved average cost savings <a href="https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>
    <p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>
    <ul>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests"><span>Work order submission</span></a> processes.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>
    </ul>
    <p>Automation, through tools like a <a href="https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>
    <h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>
    <p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>
    <p><a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>
    <p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>
    <p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>
    <h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>
    <p><span style="font-weight: 400;">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>
    <p><span style="font-weight: 400;">{{cta('bf95543d-915d-4128-b3e0-620ded7a5921')}}</span></p>
    <p style="text-align: center;"><!--HubSpot Call-to-Action Code --> <span class="hs-cta-wrapper" id="hs-cta-wrapper-bf95543d-915d-4128-b3e0-620ded7a5921"> <span class="hs-cta-node hs-cta-bf95543d-915d-4128-b3e0-620ded7a5921" id="bf95543d-915d-4128-b3e0-620ded7a5921" style="visibility: visible;" data-hs-drop="true"><a id="cta_button_6374170_80c15269-6bfe-430e-a004-a8d1a1a8c107" class="cta_button" href="https://cta-service-cms2.hubspot.com/ctas/v2/public/cs/c/?cta_guid=80c15269-6bfe-430e-a004-a8d1a1a8c107&amp;signature=AAH58kHP1q4qFnKm6Zs9uw-Mg4Q2UFBafg&amp;placement_guid=bf95543d-915d-4128-b3e0-620ded7a5921&amp;canon=https%3A%2F%2Fwww.allegrorealty.com%2Funcategorized%2Fyour-step-by-step-guide-to-cre-portfolio-optimization%2F&amp;portal_id=6374170&amp;__hstc=218748358.2bb0948e6ff3d90d4b3ef038b361909b.1658941994764.1658941994764.1658941994764.1&amp;__hssc=218748358.89.1658941994764&amp;__hsfp=1561754925&amp;hsutk=2bb0948e6ff3d90d4b3ef038b361909b" cta_dest_link="https://www.allegrorealty.com/whitepapers/commercial-real-estate-portfolio-optimization-guide/"></a></span>
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    <div class="entry-content"> 
     <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p> 
     <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p> 
     <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p> 
    </div>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/inflation%20strategies%20featured%20image.png, postListContent=<div class="entry-header table"> 
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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     </div> 
    </div> 
    <div class="entry-content"> 
     <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p> 
     <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p> 
     <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p> 
    </div>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/inflation%20strategies%20featured%20image.png, postRssContent=<div class="entry-header table"> 
     <div class="cell">
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
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     </div> 
    </div> 
    <div class="entry-content"> 
     <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p> 
     <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p> 
     <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p> 
    </div>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/inflation%20strategies%20featured%20image.png, postSummary=<div class="entry-header table">
    <div class="cell"><!--
    			<div class="entry-meta">
    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <div class="entry-content">
    <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>
    <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>
    <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>
    </div>, postSummaryRss=<div class="entry-header table"> 
     <div class="cell">
      <!--
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    -->
     </div> 
    </div> 
    <div class="entry-content"> 
     <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p> 
     <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p> 
     <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p> 
    </div>, postTemplate=AllegroHS/templates/single-articles.html, potentiallyStale=true, previewImageSrc=null, previewKey=LPXIRKao, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/Blog%20Images/Facilities%20Managment%20Value%20Ft%20Image.png, previousPostFeaturedImageAltText=woman writing on facilities maintenance checklist, previousPostName=3 Ways Facilities Management Adds Value to Your Organization, previousPostSlug=articles/ways-facilities-management-adds-value-to-your-organization, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2022-12-01 15:42:00, publishDateLocalTime=2022-12-01T15:42Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@4abc072f, publishDateLong=1669909320000, publishDateSnakeCaseLong=1669909320000, publishImmediately=false, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1669909320559, publishedByEmail=null, publishedById=13028929, publishedByName=null, publishedUrl=https://allegrorealty.com/articles/cre-strategies-to-protect-against-inflation, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<div class="entry-header table">
    <div class="cell"><!--
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
    			</div>
    --></div>
    </div>
    <div class="entry-content">
    <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>
    <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>
    <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>
    <!--more-->
    <p>Here are four CRE strategies to help your business survive and thrive under inflation, and other unforeseen and unfavorable market conditions.</p>
    <h2><strong>1. Optimize Your CRE Portfolio</strong></h2>
    <p>Protecting your business from inflation <strong>begins with </strong><a href="https://allegrorealty.com/articles/your-step-by-step-guide-to-cre-portfolio-optimization"><strong><span>optimizing your CRE portfolio</span></strong></a><strong>.</strong> When optimizing your portfolio, start by classifying your assets.</p>
    <p>Commercial real estate often falls into one of three categories: <a href="https://allegrorealty.com/articles/3-types-of-assets-in-your-real-estate-portfolio-and-how-to-identify-them"><strong><span>supportive, unsupportive, or missing (gaps)</span></strong></a>. Supportive assets add value to your organization, while unsupportive assets no longer support your organizational goals.&nbsp;</p>
    <p style="font-weight: normal;">As a CRE owner, it’s your task to identify and classify assets in your portfolio, before <a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><span>determining a strategy</span></a> to best manage each. Understanding your commercial real estate on this level <em>before</em> a period of high inflation will make managing CRE during financial crises much easier.<span style="font-weight: 400;"></span><span style="font-weight: 400;"></span></p>
    <h2><strong>2. Cut Extraneous Operational Costs</strong></h2>
    <p>Operational inefficiencies can seriously cost your business, and the effects of these inefficiencies are especially noticed during times of high inflation.&nbsp;&nbsp;</p>
    <p>Undergo a <a href="https://allegrorealty.com/articles/current-state-assessment-the-first-step-of-cre-portfolio-optimization"><span>current state assessment</span></a> to understand and reduce unnecessary operational costs, including costs of goods sold, maintenance expenses, and utilities. However, be cognizant of how these decisions impact your long-term goals.&nbsp;</p>
    <p>Many businesses tend to put talent and technology on the chopping block when cutting operational costs. <strong>Don’t make this mistake.&nbsp;</strong></p>
    <p>Talent and valuable CRE technology like <a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>lease management software</span></a> are not liabilities, but assets. Without both, your business will stagnate or fall victim to long-term inefficiency and low productivity. Instead, reduce or eliminate underperforming programs or initiatives that do not exceed baseline <a href="https://6262239.extforms.netsuite.com/app/site/crm/externalleadpage.nl?compid=6262239&amp;formid=1704&amp;h=AAFdikaInzYRzTyJSs6T7bEDSvLxgtS_9jrTzxBPuOlBU1NuNuk&amp;subsidiary=1%3Finid%3Dhp-kpi&amp;vid=Gl9l4_nyAk_BEjB9&amp;cktime=193273"><span>key performance indicators (KPIs)</span></a>.</p>
    <h2><strong>3. Automate Business and Commercial Real Estate Processes</strong></h2>
    <p>While automation may require an upfront investment, companies have achieved average cost savings <a href="https://www2.deloitte.com/content/dam/Deloitte/us/Documents/technology-media-telecommunications/blue-prism-white-paper-final.pdf"><span>between 25% to 40%</span></a> with intelligent automation.&nbsp;</p>
    <p>When assessing your commercial real estate processes for automation opportunities, look for tasks that are repetitive and areas that impact your team’s decision making, including:&nbsp;&nbsp;&nbsp;</p>
    <ul>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-build-a-preventative-maintenance-checklist"><span>Preventive maintenance</span></a> equipment monitoring.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/how-to-get-your-staff-comfortable-with-placing-work-order-requests"><span>Work order submission</span></a> processes.&nbsp;</li>
    <li aria-level="1"><a href="https://allegrorealty.com/articles/selecting-the-right-lease-management-software-6-factors-to-consider"><span>Lease</span></a> and other documentation management.&nbsp;&nbsp;</li>
    </ul>
    <p>Automation, through tools like a <a href="https://allegrorealty.com/articles/7-benefits-of-cloud-based-computerized-maintenance-management-systems-cmms"><span>CMMS</span></a>, enables your team to make decisions quicker, dedicate time to more important tasks, and efficiently complete work. For your commercial real estate, automated technologies mean better organized documentation, fewer costly equipment repairs, and less downtime—everything you need to ride out an inflation-plagued market.</p>
    <h2><strong>4. Practice Strategic and Proactive Planning</strong></h2>
    <p>Inflation can bring about market volatility, and with it comes unforeseen contingencies that can affect your CRE.&nbsp;</p>
    <p><a href="https://allegrorealty.com/articles/how-to-use-scenario-planning-to-optimize-your-cre-portfolio"><strong><span>Scenario planning</span></strong></a><strong> enables your organization to avert most potential pitfalls.</strong> It involves a combination of strategic thinking and metrics to navigate hypothetical situations without risking ROI-impacting failures.&nbsp;</p>
    <p>Planning for eventualities as you consider the above can streamline your decision-making in unprecedented market decisions and ensure outcomes align with company goals.</p>
    <p>As you can imagine, scenario planning is not a process you conduct once. It’s a task that you must regularly perform as your goals, and the market, change.</p>
    <h2><strong>Combat Inflation With CRE Portfolio Optimization &nbsp;</strong></h2>
    <p><span style="font-weight: 400;">While portfolio optimization is <em>always</em> important to the health and profitability of your commercial real estate portfolio, it becomes mission-critical in light of events like soaring inflation. To learn more about CRE portfolio optimization and how to successfully execute it, download, <em>“</em><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><em><span>Portfolio Optimization: The Essential Corporate Real Estate Guide.</span></em></a><em>” </em> </span></p>
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    				<p>Posted on September 30, 2021 by Tim Anderson</p>
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    <p>Inflation generates a ripple effect palpable across all industries—especially those that rely on commercial real estate. As prices and interest rates skyrocket, market inputs such as demand, capitalization, and financing capabilities drop.&nbsp;</p>
    <p><span style="font-weight: 400;">The effects of <a href="https://allegrorealty.com/articles/ways-inflation-is-impacting-commercial-real-estate"><span>inflation on commercial real estate</span></a>, however, are not just witnessed at a macroeconomic scale. If you haven’t already, you will feel the pinch of rising interest rates as high operational costs. Of course, as inflation continues to spike prices, it will only be a matter of time before labor costs rise at a proportional rate as well.<br></span></p>
    <p>All of these factors can compound, making it difficult for your business to operate during these financially challenging times. However,<strong> through </strong><a href="https://allegrorealty.com/white-papers/commercial-real-estate-portfolio-optimization-guide"><strong><span>commercial real estate optimization</span></strong></a><strong> and diversification, you will not only survive the current market, but also inflation-proof your portfolio.</strong>&nbsp;</p>
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    coins stacked on scale to represent inflation
    4 CRE Strategies to Protect Against Inflation
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    <p>Your corporate real estate—the physical embodiment of corporate strategy—is not different. As the first or second expense on an income statement, it’s important that your real estate continuously supports your<br>business goals.</p>
    <p>As the economy ebbs and flows, business leaders often recognize that their existing commercial real estate portfolio no longer aligns with their needs.</p>, paper_form={form_id=379fb75a-1f6f-4cb4-9b29-f4762f9c6848, form_type=HUBSPOT, gotowebinar_webinar_key=null, message=<p>Thanks for downloading the guide. <a href="https://f.hubspotusercontent20.net/hubfs/6374170/Portfolio%20Optimization%20Whitepaper/Allegro%20Realty%20Portfolio%20Optimization%20Whitepaper.pdf\" target="_blank" rel="noopener"><strong>Click here to download it.</strong></a></p>
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Think: As consumer spending slows and revenues drop, companies may cut back on hiring employees or buying new equipment. If spending increases, new employees and more materials are needed to adapt to this change.</p>
    <p>Your corporate real estate—the physical embodiment of corporate strategy—is not different. As the first or second expense on an income statement, it’s important that your real estate continuously supports your<br>business goals.</p>
    <p>As the economy ebbs and flows, business leaders often recognize that their existing commercial real estate portfolio no longer aligns with their needs.</p>, paper_form={form_id=379fb75a-1f6f-4cb4-9b29-f4762f9c6848, form_type=HUBSPOT, gotowebinar_webinar_key=null, message=<p>Thanks for downloading the guide. <a href="https://f.hubspotusercontent20.net/hubfs/6374170/Portfolio%20Optimization%20Whitepaper/Allegro%20Realty%20Portfolio%20Optimization%20Whitepaper.pdf\" target="_blank" rel="noopener"><strong>Click here to download it.</strong></a></p>
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    <p>For more resources like this, <a href="https://www.allegrorealty.com/blog\" target="_blank" rel="noopener">check out our blog</a>.</p>, response_type=inline}, white_paper_copy=<p><span>It’s the first or second expense on an income statement. It’s the physical embodiment of your corporate strategy. <strong>It’s your commercial real estate portfolio, and if it’s not optimized to continuously support your business goals, you could be missing out on massive financial gains.&nbsp;</strong></span><span></span></p>
    <p><span>That’s why we created this free resource: </span><strong>“Portfolio Optimization: The Essential Corporate Real Estate Guide.”</strong><span></span></p>
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    Commercial Real Estate Portfolio Optimization Guide
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It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"composition_id":0,"header":null,"password":null,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"published_at":1664806412683,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","meta_description":"See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio.","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"tweet_immediately":false,"publish_immediately":null,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":45397963,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyAsString={"public_access_rules_enabled":false,"public_access_rules":[],"use_featured_image":true,"html_title":"Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro","tag_ids":[77269685568,77269686306,77270935654,77270935677,77570820764,77267670076],"topic_ids":[77269685568,77269686306,77270935654,77270935677,77570820764,77267670076],"post_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","post_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","rss_summary":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n","rss_body":"<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>\n<!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>\n<p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>\n<p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>\n<h2>Identifying Client Objectives and Potential In-Market Vendors</h2>\n<p style=\"font-size: 18px;\">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>\n<p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>\n<p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>\n<h2>Developing a Unique Selection Tool to Meet University Criteria</h2>\n<p>The ideal property management company would perform four key functions for JCU: lease administration, <a href=\"https://www.allegrorealty.com/services/facilities-management-lease-administration/\"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>\n<ul>\n<li aria-level=\"1\">Background and credentials.&nbsp;</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Property management functions.&nbsp;</li>\n<ul>\n<li aria-level=\"2\">Leasing function.</li>\n<li aria-level=\"2\">Physical plant function (maintenance, capital planning, and project management).</li>\n<li aria-level=\"2\">Financial and risk management.</li>\n<li aria-level=\"2\">Community and municipal relations.</li>\n</ul>\n<li aria-level=\"1\">Pricing proposal.</li>\n</ul>\n<p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>\n<ul>\n<li aria-level=\"1\">Firm background and credentials.</li>\n<li aria-level=\"1\">Staffing plan.</li>\n<li aria-level=\"1\">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>\n</ul>\n<p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>\n<h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>\n<p>The Allegro team entered <a href=\"https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/\"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href=\"https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/\"><span>transaction documentation</span></a>.&nbsp;</p>\n<p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>\n<p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href=\"https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/\"><span>acquisitions</span></a> and <a href=\"https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/\"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>\n<p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>\n<p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href=\"https://www.allegrorealty.com/contact/\"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>","enable_google_amp_output_override":false,"generate_json_ld_enabled":true,"blog_post_schedule_task_uid":null,"blog_publish_to_social_media_task":"DONE_NOT_SENT","blog_publish_instant_email_task_uid":null,"blog_publish_instant_email_campaign_id":null,"blog_publish_instant_email_retry_count":null,"keywords":[],"composition_id":0,"header":null,"password":null,"head_html":null,"footer_html":null,"attached_stylesheets":[],"enable_domain_stylesheets":null,"include_default_custom_css":null,"published_at":1664806412683,"layout_sections":{},"past_mab_experiment_ids":[],"featured_image_alt_text":"","meta_description":"See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio.","enable_layout_stylesheets":null,"tweet":null,"tweet_at":null,"campaign_name":null,"campaign_utm":null,"meta_keywords":null,"tweet_immediately":false,"publish_immediately":null,"security_state":"NONE","scheduled_update_date":0,"placement_guids":[],"property_for_dynamic_page_title":null,"property_for_dynamic_page_slug":null,"property_for_dynamic_page_meta_description":null,"property_for_dynamic_page_featured_image":null,"property_for_dynamic_page_canonical_url":null,"preview_image_src":null,"legacy_blog_tabid":null,"legacy_post_guid":null,"performable_variation_letter":null,"style_override_id":null,"has_user_changes":true,"css":{},"css_text":"","unpublished_at":0,"published_by_id":45397963,"allowed_slug_conflict":false,"link_rel_canonical_url":null,"page_redirected":false,"page_expiry_enabled":null,"page_expiry_date":null,"page_expiry_redirect_id":null,"page_expiry_redirect_url":null,"deleted_by":null,"state_when_deleted":null,"cloned_from":null,"staged_from":null,"personas":[],"compose_body":null,"featured_image":"https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg","featured_image_width":800,"featured_image_height":600,"publish_timezone_offset":null,"theme_settings_values":null,"last_edit_session_id":null,"last_edit_update_id":null}, jsonBodyMap={tag_ids=[77269685568, 77269686306, 77270935654, 77270935677, 77570820764, 77267670076], featured_image_alt_text=, layout_sections={}, css={}, topic_ids=[77269685568, 77269686306, 77270935654, 77270935677, 77570820764, 77267670076], css_text=, featured_image_width=800, featured_image_height=600, featured_image=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, html_title=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, generate_json_ld_enabled=true, has_user_changes=true, attached_stylesheets=[], composition_id=0, allowed_slug_conflict=false, enable_google_amp_output_override=false, blog_publish_to_social_media_task=DONE_NOT_SENT, published_by_id=45397963}, keywords=[], label=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio, language=en, languageVariant=false, layoutSections={}, legacyBlogTabid=null, legacyId=null, legacyPostGuid=null, linkRelCanonicalUrl=null, linkRelCanonicalUrlColumn=null, listTemplate=, liveDomain=allegrorealty.com, mab=false, mabExperimentId=null, mabMaster=false, mabVariant=false, majorVersion=0, metaDescription=See how Allegro helped JCU identify and select a property management company to manage their diverse real estate portfolio., metaKeywords=null, migratedLegacyPost=false, name=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio, nextPostFeaturedImage=null, nextPostFeaturedImageAltText=null, nextPostName=null, nextPostSlug=null, onlyIdSlug=false, pageExpiryDate=null, pageExpiryDateColumn=null, pageExpiryRedirectId=null, pageExpiryRedirectIdColumn=null, pageExpiryRedirectUrl=null, pageExpiryRedirectUrlColumn=null, pageRedirectedColumn=false, pageTitle=Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio | Allegro, parentBlog='Case Studies' blog (77571626139) of hub id 6374170, password=null, passwordColumn=null, pastMabExperimentIds=[], performableGuid=null, performableVariationLetter=null, permissionedObjectType=Optional[BLOG_POST], personas=[], placementGuids=[], portableKey=null, portalId=6374170, position=null, postBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postBodyRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, postEmailContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postFeaturedImageIfEnabled=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postListContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postListSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postRssContent=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postRssSummaryFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/university3.jpg, postSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    , postSummaryRss=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>, postTemplate=AllegroHS/templates/single-case-studies.html, potentiallyStale=true, previewImageSrc=null, previewKey=PoJzUhUX, previousPostFeaturedImage=https://6374170.fs1.hubspotusercontent-na1.net/hubfs/6374170/office7.jpg, previousPostFeaturedImageAltText=, previousPostName=Investment Company Saves $100K in Annual Rent With Turnkey Office Build-Out, previousPostSlug=case-studies/investment-company-saves-100k-in-annual-rent-with-turnkey-office-build-out, processingStatus=PUBLISHED, propertyForDynamicPageCanonicalUrl=null, propertyForDynamicPageFeaturedImage=null, propertyForDynamicPageMetaDescription=null, propertyForDynamicPageSlug=null, propertyForDynamicPageTitle=null, publicAccessRules=[], publicAccessRulesEnabled=false, publicAccessRulesEnabledColumn=false, publishDate=2022-10-03 14:13:32, publishDateLocalTime=2022-10-03T14:13:32.683Z, publishDateLocalized=com.hubspot.jinjava.objects.date.FormattedDate@5ed033b1, publishDateLong=1664806412683, publishDateSnakeCaseLong=1664806412683, publishImmediately=null, publishImmediatelyColumn=null, publishTimezoneOffset=null, publishedAt=1664806412683, publishedByEmail=null, publishedById=45397963, publishedByName=null, publishedUrl=https://allegrorealty.com/case-studies/allegro-procures-property-manager-for-private-universitys-diverse-cre-portfolio, requiresDeletion=false, resolvedDomain=allegrorealty.com, resolvedLanguage=null, rssBody=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
    <!--more--><p>The portfolio included 25 office and retail spaces, 191 apartment units, and 20 single family homes. It operated independently of the university’s educational services, but its successful management was still critical to generate revenue for JCU.&nbsp;</p>
    <p>With limited experience in real estate, the university knew the process of reviewing vendor proposals and conducting interviews would be challenging. It needed the support of a commercial real estate expert.&nbsp;</p>
    <p>Thus, JCU contacted Allegro to lead the vendor selection process.</p>
    <h2>Identifying Client Objectives and Potential In-Market Vendors</h2>
    <p style="font-size: 18px;">The top objective was a firm who was <strong>hiring a property management company </strong>highly qualified to provide services addressing lease administration, physical plant management, financial and risk management. Unique to JCU was the requirement to capably maintain the relationship between the university and the community and two city governments. Additionally, it was important for the university to maintain strict health and safety protocols, as students would be living in several of the rental units.&nbsp;</p>
    <p>One of the first steps in identifying the right property management company for JCU’s diverse real estate portfolio was for Allegro to<strong> identify a list of vendors in the Greater Cleveland market</strong>.&nbsp;</p>
    <p>Once the initial list of vendors was created, Allegro conducted thorough phone interviews with each candidate. The team then worked with JCU to lead the most qualified vendors on complete tours of the university’s properties.</p>
    <h2>Developing a Unique Selection Tool to Meet University Criteria</h2>
    <p>The ideal property management company would perform four key functions for JCU: lease administration, <a href="https://www.allegrorealty.com/services/facilities-management-lease-administration/"><span>physical plant management</span></a>, financial and risk management, and community relations. It was critical that Allegro kept these responsibilities in mind as the team <strong>drafted and distributed JCU’s request for proposal (RFP)</strong>. In it, the university detailed the following key qualifications required to manage its external real estate portfolio:</p>
    <ul>
    <li aria-level="1">Background and credentials.&nbsp;</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Property management functions.&nbsp;</li>
    <ul>
    <li aria-level="2">Leasing function.</li>
    <li aria-level="2">Physical plant function (maintenance, capital planning, and project management).</li>
    <li aria-level="2">Financial and risk management.</li>
    <li aria-level="2">Community and municipal relations.</li>
    </ul>
    <li aria-level="1">Pricing proposal.</li>
    </ul>
    <p>Once the RFP was developed, Allegro created <strong>a scoring matrix </strong>to rate each vendor proposal. The matrix including the following criteria:</p>
    <ul>
    <li aria-level="1">Firm background and credentials.</li>
    <li aria-level="1">Staffing plan.</li>
    <li aria-level="1">Evaluation of RFP elements such as student housing, community relations, snow removal, and utility management.&nbsp;&nbsp;&nbsp;</li>
    </ul>
    <p>Vendors who submitted top scoring proposals were selected as finalists and carefully interviewed with JCU’s goals in mind.&nbsp;</p>
    <h2>Negotiating Contract Terms and Notifying the Selected Property Manager&nbsp;</h2>
    <p>The Allegro team entered <a href="https://www.allegrorealty.com/news/tips-for-leveraging-commercial-real-estate-lease-negotiations/"><span>contract negotiations</span></a> with the shortlisted finalists, and the chosen property management company was notified. The new property manager and Allegro then finalized the necessary <a href="https://www.allegrorealty.com/uncategorized/how-to-navigate-the-cre-documentation-process/"><span>transaction documentation</span></a>.&nbsp;</p>
    <p>Since the completion of the vendor selection process, JCU has enjoyed a close professional relationship with its property management company.&nbsp;</p>
    <p>The management team aids the university in a number of real estate management needs, including building maintenance, lease negotiations and buyouts, and <a href="https://www.allegrorealty.com/news/missing-something-identify-it-using-a-cre-acquisition-strategy/"><span>acquisitions</span></a> and <a href="https://www.allegrorealty.com/uncategorized/what-is-disposition-in-commercial-real-estate-here-are-the-5-phases-you-should-know/"><span>dispositions</span></a>. It also assists in community tasks involving JCU and the city of Cleveland.</p>
    <p>Both organizations continue to work together in supporting the university’s goal of facilitating robust campus life.&nbsp;</p>
    <p><strong>Need help identifying a developer, architect, engineer, lender, or property manager to support your CRE portfolio?</strong> <strong>We can help. </strong><a href="https://www.allegrorealty.com/contact/"><strong><span>Contact us</span></strong></a><strong> to discuss your real estate needs today.&nbsp;</strong></p>, rssSummary=<p>John Carroll University (JCU), a private university in suburban Cleveland, was seeking a qualified property management company to support its diverse real estate portfolio.&nbsp;</p>
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    Allegro Procures Property Manager for Private University’s Diverse CRE Portfolio
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