Creative Destruction

Creative Destruction

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Creative Destruction
Creative Destruction
Clean, Cheap and Profitable: Boosting Real Estate Valuations the Easy Way

Clean, Cheap and Profitable: Boosting Real Estate Valuations the Easy Way

Let’s say you’re the CFO of a REIT managing 20 million square feet of commercial floorspace. Chances are you’re paying $2.35 per square…

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Carter Williams
Sep 20, 2016
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Creative Destruction
Creative Destruction
Clean, Cheap and Profitable: Boosting Real Estate Valuations the Easy Way
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Let’s say you’re the CFO of a REIT managing 20 million square feet of commercial floorspace. Chances are you’re paying $2.35 per square foot in utility expense, roughly $47 million annually. If you knew you could reliably cut 30% of this expense, adding $14 million ($0.71/sq ft) in net operating income and an additional $214 million ($10.71/sq ft) in ne…

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