Page 6B —
COLORADO REAL ESTATE JOURNAL
— September 16-October 6, 2015
Spotlight
here has been grow-
ing recognition that
asset values can be
greatly increased by
effectively executing property
level strategies. As Raymond
Torto, Ph.D., who was the
Global Chief Economist for
CBRE before retiring last
year, observed, 53 percent of
the increase in asset values
post-Great Recession were
due to changes in neighbor-
hoods and the value the
property management teams
created through their work –
what BOMA does best.
BOMA is a business part-
ner creating NOI and
enhanced asset values
BOMA is the recognized
leader articulating market-
based best practice solutions
to high-performance initia-
tives. Denver Metro BOMA
sponsors the Watts to Water
program, which is a metro-
wide sustainability program
dedicated to the reduction of
energy and water consump-
tion. Denver BOMA also
partnered with the Denver
City Energy Project to offer
cutting-edge sustainability
education. The new BOMI
HP series is being offered
with the first class, High
Performance Principles, on
Sept. 25.
BOMA International’s
tools – from the green lease
to energy performance con-
tracting model to the BOMA
360 Performance Program
to many other tools – allow
owners to fulfill sustainability
goals and ensure a healthy
bottom line.
Vital indus-
try intel-
ligence
increases
return on
investments
BOMA’s
Experience
Exchange
Report’s
benchmark-
ing data on
energy costs,
operating
expenses,
taxes and
more drive a more profitable
bottom line – underscoring an
industry focus on maximiz-
ing building efficiency and
smart asset management.
Users believe they realize 2 to
3 percent in savings each year
utilizing EER data because
they know what they need to
be doing and are constantly re-
evaluating their performance.
Building code and other
advocacy victories save bil-
lions
BOMA is the only CRE asso-
ciation with a voting seat at
the International Code Council
table promoting and enforc-
ing effective building codes.
BOMA’s involvement saved
$2.50 per square foot in the last
code cycle for existing buildings
and $3.50 in the previous cycle
– $6 total – just 10 percent of
those savings created $60,000 in
savings in a 100,000-sf building.
Among the many victories
include the defeat of proposals
that may have mandated:
• Retrocommissioning for
energy and mechanical systems
in existing buildings every five
years;
• Inspection of existing build-
ing energy code compliance trig-
gered by any permit application;
• Renewal of building cer-
tificates of occupancy every five
years;
• Mold inspection and reme-
diation of all existing buildings;
and
• Radon-abatement system
installation triggered by renova-
tion permits.
Other advocacy victories
include:
• The passing of the recent
tax extender legislation (i.e.,
leasehold depreciation – $350
million per year).
• The passage and six-year
extension of the Terrorism Risk
Insurance Act (TRIA) stabilized
the marketplace.
Denver Metro BOMA con-
tinues to represent commercial
real estate interests on the
state, municipal and regulatory
levels:
• Denver amendments to the
2015 building, fire, energy and
other codes;
• Permitting issues in various
local jurisdictions;
• Legislation to mitigate the
construction defect laws; and
• Intervention in electric rate
cases and other Public Utility
Commission cases that could
impact costs.
Essential professional devel-
opment for CRE profession-
als and HR support
BOMA often is asked what
education and training compa-
nies should invest in to develop
their property management
teams. Denver Metro BOMA
has programs specific to issues
in the marketplace as well as
a focus on attracting future
talent to careers in real estate
including offering the RPA,
FMA and SMA, and now the
new HP (High Performance
Sustainable series) designations
by the BOMI Institute. We also
offer timely seminars on current
issues, including LEED EBOM
and a new seminar on Sept. 15
regarding water discharge and
the new NFPA requirements for
owners.
BOMA International also
offers a menu of training and
business networking opportuni-
ties in creating a comprehensive
education platform, including
T
Jeannie
Bernard, CAE
Executive Vice
President, Denver
Metro BOMA
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