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Honest Buildings Expands with Launch for Multifamily Owners and Managers

After managing $1.5 billion in project value for industry leaders like Beacon Capital Partners, SL Green Realty Corp., The JBG Companies and Parkway Properties, the CRE tech company expands to the second largest asset class in the U.S.

 

PRESS RELEASE: New York, NY (Oct. 27, 2016) — After quickly becoming the leading data-driven project management and procurement platform managing over $1.5 billion in projects for many of the largest office owners in New York City and across North America, Honest Buildings has launched in the multifamily sector. Honest Buildings’ strategic expansion into the sector was prompted by leading owners like Milstein Properties and Rudin Management who proactively began using the platform’s ability to centralize project data, increase transparency, automate bid management and standardize reporting on their multifamily portfolios after finding value utilizing it with their commercial properties.

“We began using Honest Buildings on our office assets and naturally recognized its power as a solution for our multifamily portfolio as well,” says Michael Rudin of Rudin Management Company.

“We began using Honest Buildings on our office assets and naturally recognized its power as a solution for our multifamily portfolio as well,” says Michael Rudin of Rudin Management Company. “With the platform in place we are able to increase revenue by delivering projects quicker and drive costs down by reducing change orders through more coordinated communication and collaboration. Using our own data to benchmark costs in Honest Buildings has the potential to be game changing, and the team is thrilled to save hours per day through the automation of the workflow of projects, giving them time to focus on driving true value.”

The company has also established a Multifamily Advisory Council, naming industry leaders Michael Milstein of Milstein Properties, Michael Rudin, Brett Leonhardt at AIMCO, Stephen Palmese at Cushman & Wakefield, Rose Lulic at Realty Operations Group and Will Mathews at Colliers International.

Founded in 2012 by CEO Riggs Kubiak, Honest Buildings has traditionally served, and continues to grow quickly in the office sectors with industry leaders like Vornado Realty Trust, Beacon Capital Partners, Invesco, SL Green Realty Corp., Angelo Gordon & Co., The JBG Companies and Parkway Properties.

“Customers utilizing the platform for their office properties were so pleased with product that they wanted to incorporate their multifamily assets for more overall portfolio insight,” says Kubiak.

“Customers utilizing the platform for their office properties were so pleased with product that they wanted to incorporate their multifamily assets for more overall portfolio insight,” says Kubiak. “Continuing our success in listening closely to market feedback, we are excited to strategically expand to the multifamily vertical. We are also honored to be formally launching into the market segment with such an esteemed group of professionals on our multifamily advisory council.”

The Honest Buildings’ expansion into the multifamily sector comes after the CRE tech company has made several other announcements highlighting the growth of the team, partnerships with industry leaders, integrations with CRE accounting software and new features of the platform.

 

About Honest Buildings

Honest Buildings is the leading intuitive, data-driven project management and procurement platform built for commercial real estate owners and managers. Founded in 2012 by Riggs Kubiak, the platform serves industry leaders like Beacon Capital Partners, Invesco, SL Green Realty Corp., Angelo Gordon & Co., The JBG Companies, Parkway Properties, and Rudin Management Company, which use Honest Buildings to centralize project data, increase transparency, automate bid management, and standardize reporting. Commercial and multifamily owners rely on the platform to manage over $1.5 billion in total project value.

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