Why Plugged-In Properties Need Backup Plans
June 8, 2017 | by Robert Bianco | Commercial Property Executive
Connectivity is now as important to occupants as location. A veteran telecommunication executive contends that redundant technology adds to asset values and offers peace of mind.
For generations, the formula for determining a property’s value was simple: Location was king, square footage was queen, and amenities were their court. But I would argue that today, real estate’s royalty has a powerful new member: meeting the customer’s technology needs.
This is true not only for tech companies, but for companies across every vertical industry. Engineering, professional services, healthcare, marketing and manufacturing are dependent on network connectivity in a way that can make or break their businesses.
I have been in the financial services industry for 20 years and our firm provides an education platform that gets clients to “think differently” about their financial picture. For many years we have communicated to clients the need to diversify their portfolios using alternative asset classes and more specifically, private non-traded investments. Due diligence on these types of financial vehicles is essential and when I learned about Blue Vault in 2010, our firm immediately began using their material as a tool to build confidence in the minds of our advisors on which alternatives to recommend to clients. I am impressed with the way Blue Vault continues to add value to their subscribers and I view their publication as a tremendous resource in today’s complex world.