CREJ

Page 20 — Property Management Quarterly — October 2018 www.crej.com spraguepest.com 3250 Quentin Street, Aurora, CO 80011 · (303) 223-9493 Protect your business and your reputation. Sprague has been protecting commercial properties, apartments, restaurants, hotels, food plants, storage, and healthcare facilities since 1926. Let the best-trained professionals in the industry design a custom pest prevention program for you today. security reporting mostly within the IT function. Under this OT umbrella is the building management system. BMS networks are more open to abuse, because they tend to be managed by facilities managers or security guards, often with little or no background in IT or networking.These systems, which handle everything from air-conditioning to closed-circuit televi- sion, access control, lighting and door locks, traditionally worked on serial networks and were segregated from conventional IT networks. But as these systems have become internet enabled, they are now open to all possible threats that afflict conven- tional IT systems. BMS operators report that 65 percent have direct remote access to their systems by vendors, and 56 percent report that their BMS net- work is commingled with the corporate IT enterprise networks. In other words, less obvious and forgotten areas should now be considered threats. For example, cyber attackers can put elevator systems out of service, heat up a building, disconnect the entire electric system, hack into IP cameras or turn them into a botnet (Mirai IoT botnet). Most smart buildings are an overlay of new IoT devices on legacy systems that lack cybersecurity controls that can enable the smart BMS to be the gateway into the entire corporate IT network and even the tenants’ networks. Yet today only 29 percent of BMS operators have taken or will take actions to protect these systems, despite a 74 percent increase in cyber incidents involving systems such as a BMS. While IoT systems bring forward new capabilities that have the poten- tial to transform real estate, they also require leaders to focus in on their OT threats now.Where do you start with securing these forgotten systems? Our firm’s OT/IoT cybersecurity approach implements a security life-cycle meth- odology based on the core tenets of cybersecurity: assessment, develop- ment, implement and management. 1. Assessment to understand your risks . The first thing to understand is the cur- rent maturity, risks and vulnerabilities of the BMS systems you have deployed within your buildings.This will set a baseline for the most applicable cyber- security approach, as well as give you an understanding of your current readi- ness for adaptation of IoT devices and technology. 2. Develop a plan. Analyze your assess- ment data to understand your system’s current risks and vulnerabilities and help prioritize them.Take time to truly understand how, where and who can be impacted by a cyber event and the risk to your business. Using a BMS risk assessment can help you identify key security gaps to prioritize and build out a remediation plan. 3. Implement your strategy. Work with the individual property managers or key stakeholders, along with your IT or security department. Put policies and procedures in place to help safeguard and ensure that your plan is carried out and the security risks being addressed are understood. 4. Manage the systems. Manage the security solution in place to ensure ongoing continuity and to prepare for recovery in case of a cyber event.When developing and implementing your plan, you have to prepare to be resilient. Make sure there also is a plan in place to restore any capabilities or services that may be impacted in case a cyberse- curity event does occur. In today’s online world, every organi- zation is digital by default. Moreover, in the connected and convergent world delivered by IoT, the digital landscape is quickly evolving and cre- ating new cyber risks that real estate organizations need to consider. ▲ Continued from Page 1 Technology annual carbon dioxide emissions by 1,384 tons, which is equivalent to tak- ing 296 gas-powered cars off the road for a year. CleanFund, a provider of C-PACE financing nationwide, originated the project and funded the investment, which totaled $1.1 million. The financ- ing will be repaid over 20 years at a fixed rate and is nonrecourse. “The Petroleum Building, which boasts a midcentury modern façade, light-filled interiors and a prime downtown location, was a state-of- the-art building when it was con- structed in 1957,” said Tim Borst, the building’s co-owner. “Like any building of that vintage, it requires continued investment to keep it operating effi- ciently. C-PACE enabled us to fund our improvement project with long-term financing, which made it affordable. Even better, it covered 100 percent of the cost, which kept our capital bud- get intact.” Q The C-PACE program also will be used to improve resident comfort and boosts cash flow for an Aurora senior care facility, Shalom Park. The compre- hensive facility upgrades, developed by Haynes Mechanical and Abel Clean Energy Advisors , will improve the non- profit’s energy efficiency by 34 per- cent. Because the utility bill savings will outweigh the C-PACE repayments, the project will result in positive cash flow for the company. Haynes Mechanical will install the project – the second C-PACE project in Colorado for a nonprofit – at the 120,378-square-foot facility, which is located at 14800 E. Belleview Drive. The project calls for the installation of new LED lighting, premium-efficiency chiller pumps equipped with variable frequency drives and new building controls, as well as a new centrifu- gal chiller, an air handling unit, an exhaust fan, a rooftop unit and a make-up air unit. Greenworks Lending , a national pro- vider of commercial PACE financing, funded the investment, which totaled $1,924,121. ▲ News Continued from Page 4 Dan Gomez is the new direc- tor of property operations for Housing Catalyst. Gomez joins the company with more than 23 years of experi- ence with the U.S. Department of Housing and Urban Development and over three years of experience in pri- vate-sector asset management. Gomez will lead the property management and maintenance department operations, respon- sible for more than 1,100 rental homes in the Housing Catalyst property portfolio. ▲ Who’s News Dan Gomez