Accessibility Statement Skip Navigation
  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing
  • Login
  • GDPR
  • Create a Free Account
Return to PRWeb homepage
  • News
  • Resources
  • Contact
When typing in this field, a list of search results will appear and be automatically updated as you type.

Searching for your content...

No results found. Please change your search terms and try again.
  • News in Focus
      • Browse News Releases

      • All News Releases
      • Multimedia Gallery

      • All Multimedia
      • All Photos
      • All Videos
  • Business & Money
      • Auto & Transportation

      • Aerospace, Defense
      • Air Freight
      • Airlines & Aviation
      • Automotive
      • Maritime & Shipbuilding
      • Railroads and Intermodal Transportation
      • Supply Chain/Logistics
      • Transportation, Trucking & Railroad
      • Travel
      • Trucking and Road Transportation
      • View All Auto & Transportation

      • Business Technology

      • Blockchain
      • Broadcast Tech
      • Computer & Electronics
      • Computer Hardware
      • Computer Software
      • Data Analytics
      • Electronic Commerce
      • Electronic Components
      • Electronic Design Automation
      • Financial Technology
      • High Tech Security
      • Internet Technology
      • Nanotechnology
      • Networks
      • Peripherals
      • Semiconductors
      • View All Business Technology

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Financial Services & Investing

      • Accounting News & Issues
      • Acquisitions, Mergers and Takeovers
      • Banking & Financial Services
      • Bankruptcy
      • Bond & Stock Ratings
      • Conference Call Announcements
      • Contracts
      • Cryptocurrency
      • Dividends
      • Earnings
      • Earnings Forecasts & Projections
      • Financing Agreements
      • Insurance
      • Investments Opinions
      • Joint Ventures
      • Mutual Funds
      • Private Placement
      • Real Estate
      • Restructuring & Recapitalization
      • Sales Reports
      • Shareholder Activism
      • Shareholder Meetings
      • Stock Offering
      • Stock Split
      • Venture Capital
      • View All Financial Services & Investing

      • General Business

      • Awards
      • Commercial Real Estate
      • Corporate Expansion
      • Earnings
      • Environmental, Social and Governance (ESG)
      • Human Resource & Workforce Management
      • Licensing
      • New Products & Services
      • Obituaries
      • Outsourcing Businesses
      • Overseas Real Estate (non-US)
      • Personnel Announcements
      • Real Estate Transactions
      • Residential Real Estate
      • Small Business Services
      • Socially Responsible Investing
      • Surveys, Polls and Research
      • Trade Show News
      • View All General Business

  • Science & Tech
      • Consumer Technology

      • Artificial Intelligence
      • Blockchain
      • Cloud Computing/Internet of Things
      • Computer Electronics
      • Computer Hardware
      • Computer Software
      • Consumer Electronics
      • Cryptocurrency
      • Data Analytics
      • Electronic Commerce
      • Electronic Gaming
      • Financial Technology
      • Mobile Entertainment
      • Multimedia & Internet
      • Peripherals
      • Social Media
      • STEM (Science, Tech, Engineering, Math)
      • Supply Chain/Logistics
      • Wireless Communications
      • View All Consumer Technology

      • Energy & Natural Resources

      • Alternative Energies
      • Chemical
      • Electrical Utilities
      • Gas
      • General Manufacturing
      • Mining
      • Mining & Metals
      • Oil & Energy
      • Oil and Gas Discoveries
      • Utilities
      • Water Utilities
      • View All Energy & Natural Resources

      • Environ­ment

      • Conservation & Recycling
      • Environmental Issues
      • Environmental Policy
      • Environmental Products & Services
      • Green Technology
      • Natural Disasters
      • View All Environ­ment

      • Heavy Industry & Manufacturing

      • Aerospace & Defense
      • Agriculture
      • Chemical
      • Construction & Building
      • General Manufacturing
      • HVAC (Heating, Ventilation and Air-Conditioning)
      • Machinery
      • Machine Tools, Metalworking and Metallurgy
      • Mining
      • Mining & Metals
      • Paper, Forest Products & Containers
      • Precious Metals
      • Textiles
      • Tobacco
      • View All Heavy Industry & Manufacturing

      • Telecomm­unications

      • Carriers and Services
      • Mobile Entertainment
      • Networks
      • Peripherals
      • Telecommunications Equipment
      • Telecommunications Industry
      • VoIP (Voice over Internet Protocol)
      • Wireless Communications
      • View All Telecomm­unications

  • Lifestyle & Health
      • Consumer Products & Retail

      • Animals & Pets
      • Beers, Wines and Spirits
      • Beverages
      • Bridal Services
      • Cannabis
      • Cosmetics and Personal Care
      • Fashion
      • Food & Beverages
      • Furniture and Furnishings
      • Home Improvement
      • Household, Consumer & Cosmetics
      • Household Products
      • Jewelry
      • Non-Alcoholic Beverages
      • Office Products
      • Organic Food
      • Product Recalls
      • Restaurants
      • Retail
      • Supermarkets
      • Toys
      • View All Consumer Products & Retail

      • Entertain­ment & Media

      • Advertising
      • Art
      • Books
      • Entertainment
      • Film and Motion Picture
      • Magazines
      • Music
      • Publishing & Information Services
      • Radio & Podcast
      • Television
      • View All Entertain­ment & Media

      • Health

      • Biometrics
      • Biotechnology
      • Clinical Trials & Medical Discoveries
      • Dentistry
      • FDA Approval
      • Fitness/Wellness
      • Health Care & Hospitals
      • Health Insurance
      • Infection Control
      • International Medical Approval
      • Medical Equipment
      • Medical Pharmaceuticals
      • Mental Health
      • Pharmaceuticals
      • Supplementary Medicine
      • View All Health

      • Sports

      • General Sports
      • Outdoors, Camping & Hiking
      • Sporting Events
      • Sports Equipment & Accessories
      • View All Sports

      • Travel

      • Amusement Parks and Tourist Attractions
      • Gambling & Casinos
      • Hotels and Resorts
      • Leisure & Tourism
      • Outdoors, Camping & Hiking
      • Passenger Aviation
      • Travel Industry
      • View All Travel

  • Policy & Public Interest
      • Policy & Public Interest

      • Advocacy Group Opinion
      • Animal Welfare
      • Congressional & Presidential Campaigns
      • Corporate Social Responsibility
      • Domestic Policy
      • Economic News, Trends, Analysis
      • Education
      • Environmental
      • European Government
      • FDA Approval
      • Federal and State Legislation
      • Federal Executive Branch & Agency
      • Foreign Policy & International Affairs
      • Homeland Security
      • Labor & Union
      • Legal Issues
      • Natural Disasters
      • Not For Profit
      • Patent Law
      • Public Safety
      • Trade Policy
      • U.S. State Policy
      • View All Policy & Public Interest

  • People & Culture
      • People & Culture

      • Aboriginal, First Nations & Native American
      • African American
      • Asian American
      • Children
      • Diversity, Equity & Inclusion
      • Hispanic
      • Lesbian, Gay & Bisexual
      • Men's Interest
      • People with Disabilities
      • Religion
      • Senior Citizens
      • Veterans
      • Women
      • View All People & Culture

  • Hamburger menu
  • Cision PRWeb provides efficient communication tools to continuously engage with target audiences across multiple online channels
  • Create a Free Account
    • ALL CONTACT INFO
    • Contact Us


      11AM ET Sunday – 8PM ET Friday

  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • News in Focus
    • Browse All News
    • Multimedia Gallery
  • Business & Money
    • Auto & Transportation
    • Business Technology
    • Entertain­ment & Media
    • Financial Services & Investing
    • General Business
  • Science & Tech
    • Consumer Technology
    • Energy & Natural Resources
    • Environ­ment
    • Heavy Industry & Manufacturing
    • Telecomm­unications
  • Lifestyle & Health
    • Consumer Products & Retail
    • Entertain­ment & Media
    • Health
    • Sports
    • Travel
  • Policy & Public Interest
  • People & Culture
    • People & Culture
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR
  • Send a Release
  • Sign up
  • Log in
  • Resources
  • RSS
  • GDPR

Fordham Real Estate Institute Shines Spotlight on the Role of PropTech in Combating the Industry's Biggest Challenges

Discussion focused on the most influential technology on the market for modernizing real estate operations and management.


News provided by

Fordham Real Estate Institute

Mar 03, 2020, 09:00 ET

Share this article

Share toX

Share this article

Share toX

Serge Reda, panel moderator; Hugh F. Kelly, Ph.D., CRE; Andrea Jang; keynote Sonu Panda; John Gilbert;  Omri Stern; Laura Patel; Robert Morgenstern, Fordham Real Estate Institute
Serge Reda, panel moderator; Hugh F. Kelly, Ph.D., CRE; Andrea Jang; keynote Sonu Panda; John Gilbert; Omri Stern; Laura Patel; Robert Morgenstern, Fordham Real Estate Institute

NEW YORK, March 3, 2020 /PRNewswire-PRWeb/ -- On Tues., Feb. 25, the Fordham Real Estate Institute (REI) hosted a room filled to the brim with some of the leading minds in real estate to discuss the latest trends impacting the industry: PropTech. Presented in conjunction with The Real Estate Board of New York (REBNY), Akam Associates, Inc. and SCG Project Advisory, LLC, PropTech 2020: Modernizing Real Estate Operations and Management focused on the most influential technology for streamlined real estate operations, energy optimization, space and utilities management, liability management, cyber security and enhanced occupancy experiences.

The morning began with remarks from Hugh F. Kelly, Ph.D., CRE, special advisor to REI and curriculum chair, who gave a brief overview of the current state of real estate and the impact PropTech is having, particular in the industrial arena.

Real estate has gotten a reputation of being slow to adopt technology, which makes it vulnerable to disruption. The field is vast for technology like PropTech and the pace of change is happening fast.

Post this

"Real estate has gotten a reputation of being slow to adopt technology, which makes it vulnerable to disruption," said Dr. Kelly. "The field is vast for technology like PropTech and the pace of change is happening fast."

Following Dr. Kelly, keynote speaker Sonu Panda, CEO of Prescriptive Data, developers of Nantum, the world's most advanced building operating syste m. Panda discussed the biggest challenges facing the "digital building operator" and provided case studies of real-life solutions experienced by building operators that are using Nantum. One of the most compelling examples featured the results of a NYSERDA study that showed Rudin Management saved $5.5 million dollars across their portfolio since implementing real-time energy management to optimize commercial building operations. For example, the buildings were equipped with sensors to monitor office usage and adjust the air conditioning automatically based on traffic flow and real-time occupancy. In addition, automatic alerts of excessive water usage in a building stopped what would have been a major flood in a bank without disrupting the day-to-day business.

"It's an exciting time to be in PropTech, but the technology in and of itself is not enough," said Panda. "The institutional knowledge of real estate is what is needed to create and implement technology that will truly make a difference on your bottom line and customer/tenant satisfaction."

Following his remarks, a thought-provoking panel took place, moderated by Serge Reda, adjunct professor and chair of the Fordham REI Real Estate Development Curriculum Committee and Real Estate Development, Acquisitions & Due Diligence at Cedar Realty Trust. Panelists included:

  • John Gilbert, COO/EVP, Rudin Management Company
  • Andrea Jang, COO, Ackman-Ziff
  • Laura Patel, Head of Strategic Accounts, Density, Inc.
  • Omri Stern, Founder & CEO, Jones

One of the biggest, and simplest, takeaways from the discussion was that PropTech technology will only work and become adopted by building owners and operators if, at the end of the day, it helps solve a challenge and helps increase NOI.

"Some say that data is oil, but it really is crude oil," said Gilbert. "We need to figure out how to refine it and use it in a way that will increase the bottom line."

The panel discussion covered topics ranging from the financial impact of PropTech, privacy and cybersecurity and how lenders are responding to this new technology. But all panelists agreed that this technology was here to stay.

"When I began my career, real estate was antiquated when it came to adapting technology and there was a concern about attracting the next generation of workers," said Patel. "I think PropTech will be the white knight to save the industry. It will help generate interest from my generation and those that follow who want to work in tech and make them take a closer look at real estate."

For more information on the Fordham Real Estate Institute, visit http://www.fordham.edu/realestate.

ABOUT THE FORDHAM REAL ESTATE INSTITUTE
The Fordham Real Estate Institute (REI) currently offers a Master of Science in Real Estate (MSRE), graduate certificates in real estate finance, development and construction management, and a comprehensive array of professional certificates in real estate and construction at its campuses in Manhattan and West Harrison, N.Y. Serving professionals and owners/investors of all stripes, the MSRE curriculum presents the essential elements of real estate finance, investment, development and management. The programs are developed and taught by leading industry practitioners and are centered on imparting real-world professional skill sets. Flexibility and convenience are program hallmarks as classes can be taken in-person, online, and at various paces. REI is a part of Fordham's School of Professional and Continuing Studies. For more information, visit http://www.fordham.edu/realestate.

SOURCE Fordham Real Estate Institute

Related Links

http://www.fordham.edu/realestate

Modal title

Keynote Sonu Panda, CEO, Prescriptive Data
Keynote Sonu Panda, CEO, Prescriptive Data
Panelists from left: John Gilbert, Andrea Jang, Omri Stone, Laura Patel
Panelists from left: John Gilbert, Andrea Jang, Omri Stone, Laura Patel
Keynote Sonu Panda, CEO, Prescriptive Data Panelists from left: John Gilbert, Andrea Jang, Omri Stone, Laura Patel

Contact PRWeb

  • 11AM ET Sunday – 8PM ET Friday
  • Contact Us

About PRWeb

  • About PRWeb
  • Partners
  • Partnership Programs
  • Editorial Guidelines
  • Resources

Why PRWeb

  • Why PRWeb
  • How It Works
  • Who Uses It
  • Pricing

Accounts

  • Create a Free Account
  • Log in
  • Contact Us

Do not sell or share my personal information:

  • Submit via [email protected] 
  • Call Privacy toll-free: 877-297-8921

Contact Cision

Products

About

My Services
  • All News Releases
  • Online Member Center
  • ProfNet
Cision Distribution Helpline
888-776-0942
  • Legal
  • Site Map
  • RSS
  • Cookie Settings
Copyright © 2025 Cision US Inc.