Real Estate Investment Managers Rely on Resolve to Quickly Assess Exposure to AIG, Lehman Brothers, Other Tenants at Risk

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Using Resolve's Business Intelligence Solution, Assessment of Risk and Exposure to Specific Businesses Across Entire Real Estate Portfolios Is Just a Click Away

Gathering in Boston for the 2008 Resolve Client Summit, real estate investment managers from leading firms revealed how they were able to provide immediate answers to questions about risk and exposure to specific tenants or industries through the use of the Request real estate investment management data warehouse and business intelligence solution.

With the collapse of former financial giants such as AIG and Lehman Brothers, fire sale acquisitions of Merrill Lynch and Washington Mutual, and the inevitable scaling back of the entire financial sector, commercial real estate owners and investors have been scrambling to assess the impact of these recent events on their portfolios.

Pinpointing the immediacy and level of risk is not a trivial exercise for many real estate investors and investment managers. "Every one of these large firms that is going down or scaling back these days is occupying multiple office spaces spread all over the country and across many different real estate investment portfolios and funds," explains Resolve's CEO Eric Forman. "Understanding how my portfolios are going to be impacted by the collapse of Lehman Brothers, for example, requires a consolidated view of my real estate investments. Some of these investments are made through joint venture partners, making the assessment of tenant exposure even more complicated."

"The consolidated view across properties and portfolios needed to quickly assess overall exposure to any specific tenant is not available from property management systems," adds Forman, "and doing it with spreadsheets can take many days, sometimes even weeks, something investors cannot afford in this volatile market."

By consolidating data from multiple property management and third party systems and presenting it through a set of management reports accessible throughout the organization, Request enables real estate investment managers to quickly assess tenant exposure and analyze the financial impact on any specific portfolio or fund.

"When Lehman Brothers went down, we were able to figure out what our exposure was in a matter of minutes," described one of the Request users, speaking at the Resolve Client Summit. "This is something that would have taken us days upon days to come up with prior to Request." Speaking in front of a room full of Request users, this account was quickly echoed by many in the audience.

With the theme of "Investment Management without Handcuffs," the 2008 Resolve Client Summit drew representatives of the industry's leaders to discuss the challenges facing the real estate investment management sector and exchange strategies and tactics used by organizations to address these challenges.

"Today's environment is much less forgiving than it was in the past, forcing investment managers to be constantly on-guard and ready to act. The need for visibility, accuracy, proactive thinking, and quick reaction has never been greater," says Forman. "In this tough market, investment managers can no longer tolerate being handcuffed by outdated data, inaccurate calculations, and limited access to information. At the same time, it is encouraging to hear the many users that have been better prepared to deal with these new realities by using Resolve's solutions to provide immediate access to timely and accurate information."

For examples of reports that help investment managers assess exposure to specific tenants or industry segments, click here.

About Resolve Technology

Capitalizing on in-depth understanding of the unique processes of managing real estate investments, Resolve Technology provides business intelligence, reporting, and decision support solutions that optimize the ongoing management of real estate investment portfolios and ultimately deliver higher returns to investors.

Resolve's solutions automate data collection from disparate sources to present reliable up-to-date information to decision makers throughout the organization. Providing integrated information, analysis, and optimization tools, Resolve removes the reliance on spreadsheets--enabling real estate investment managers to evaluate changing market conditions and respond in a timely manner.

Resolve's products are used by the world's leading advisory and investment management firms, REIT's, life insurance, pension fund, and banking institutions, managing over 2 billion square feet of real estate worth more than half a trillion dollars. Customers include Behringer Harvard, General Growth Properties, Glenborough, LaSalle Investment Management, Prudential Real Estate Investors, Principal Global Investors, State Street Bank and Trust, and UBS. For more information visit http://www.resolvetech.com.

All companies and products listed herein are trademarks or registered trademarks of their respective holders.

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Olive Chang
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