Goby - Software Solution for Portfolio Data Management

“Compiling our portfolio data in SeaSuite enabled us to successfully achieve our near-term goals on benchmarking for GRESB. Our data, now readily available in a series of dashboards and reports, paints a clear picture on areas where we can focus for future sustainability initiatives.”
-AEW
  Purpose of the project AEW Capital Management currently manages nearly $30 billion of real estate assets in their North American portfolio, making their commitment to sustainability and the goal of actively advising on the operations of their properties no easy endeavor." data-share-imageurl="">
Wednesday, September 2, 2015
“Compiling our portfolio data in SeaSuite enabled us to successfully achieve our near-term goals on benchmarking for GRESB. Our data, now readily available in a series of dashboards and reports, paints a clear picture on areas where we can focus for future sustainability initiatives.”
-AEW

 

Purpose of the project

AEW Capital Management currently manages nearly $30 billion of real estate assets in their North American portfolio, making their commitment to sustainability and the goal of actively advising on the operations of their properties no easy endeavor. In order to achieve these goals, AEW sought to reorganize their property data all together in one location. Their initial aim was to bolster their KPI reporting capabilities in preparation for GRESB submittal, with the long-term goal of establishing a clear picture of their performance levels with regards to sustainability.

Approach

The AEW portfolio encompasses a diverse range of property types and property management companies, including national and local firms with different approaches to management. To centralize reporting across portfolios, AEW teamed up with Goby, a software and sustainability consulting firm with a cloud-based software called SeaSuite to track energy, waste and water usage information for their properties in one database. SeaSuite is a platform AEW could use to streamline processes and focus on their primary goal: creating great business practices which allow AEW to increase asset value and have a positive impact on the environment. Simply put, SeaSuite captures data once and transforms big data into straightforward, actionable information. Through building utility data automation and ongoing tracking, SeaSuite allowed AEW to establish continuous flows of all the data necessary for their properties and portfolios to achieve ENERGY STAR awards, meet city ordinance requirements, obtain LEED Certifications, and prepare GRESB submittals.

Results

The integration of a portion of AEW’s portfolio into SeaSuite allowed them to submit for two of AEW’s U.S. investment funds to GRESB in 2015, having submitted for only one fund in 2014. Through dual efforts by AEW and Goby, two years of historical KPI data for 40 million gross square feet of real estate was collected and organized in SeaSuite, allowing for a smooth GRESB submittal process for AEW. The utilization of SeaSuite for the purpose of GRESB also positioned AEW’s portfolios for continued success, not only by creating a database containing two years of historical KPI data, but also by establishing automated data collection methods for continued tracking for over 700 buildings. With these processes in place, AEW expects to see reductions in energy and water consumption as well as improved waste diversion and ENERGY STAR scores. Ongoing data storage will make future GRESB submittals a more effortless process, while data visualization will enable AEW to make informed decisions about building operations.