Owners Get on the ‘Front End of Technology’

Honest Buildings CEO Riggs Kubiak

NEW YORK CITY—“I think embracing technology like Honest Buildings and allowing it to do our jobs more efficiently is all about gaining competitive advantage,” says Jim Gillen, director of asset management with Invesco, which uses the Honest Buildings platform. “Any firm that doesn’t embrace it and doesn’t get on the front end of technology is doing themselves and their capital partners a disservice.”

It was in conjunction with leading owners such as Invesco, Beacon Capital Partners and SL Green Realty Corp. that the Honest Buildings platform was devised. “When I personally worked as an asset manager for a large portfolio owner in New York City, our team was constantly looking for updated information from property managers, construction managers, architects, engineers and general contractors to understand where we stood compared to budget and overall business plans at each asset,” says Riggs Kubiak, CEO and co-founder of the New York City-based project management and procurement platform. “Allowing asset managers and their teams access to business intelligence on a project, building or portfolio basis in seconds replaces a process that previously entailed several calls, emails and visits to construction sites to understand where the projects stood.”