Reit Magazine - January/February 2021 - 3

BUILDING TECH

T

echnology is simply defined as the application of scientific knowledge for
practical purposes. Technology comes in many shapes and sizes and continually evolves as the science advances to meet increasingly complex problems.

Matthew Bechard
Editor in Chief

The printing press, internal
combustion engine, optical
lens, and telephone are a few of
the most important technologies ever developed-and
ones we take for granted today.
But without those innovations
many of the cutting-edge
enhancements we see today
in communications, travel,
medicine, and other industries
wouldn't be possible.
While the real estate
industry is seldom thought
of as a hub for technological
innovation, technology has
always played a crucial role
in the design, construction,
and operation of the built
environment. REITs across all
property sectors are now utilizing and advancing technology
more than ever. The rise in
" PropTech " and the resultant
influx of capital has helped
drive those innovations.
The " Talking Tech " feature
in this issue highlights five
REIT executives charged with
setting the technology agenda
for their companies. Whether
it is expanding operational efficiencies or effectively utilizing
data and analytics, technology
is integrated across company
operations to help the business
run more efficiently and
improve the bottom line.

COVID-19 only heightened
the importance of technology
as real estate companies had to
adapt to operating properties
amidst quarantine. Cloudbased systems and contactless
customer and tenant interactions were just some of the
technologies already being
used that were accelerated in
2020.
Going forward, technology
will play an essential role in the
development and operation
of healthy buildings, which
will be essential to getting
workers, customers, and other
occupants back to their normal
activities.
Harvard University's Joe
Allen, author of Healthy
Buildings: How Indoor Spaces
Drive Performance and
Productivity, discusses in this
issue's " DNA of ESG " column
how the misperception that
operating healthy buildings
is too expensive has changed
as a result of the pandemic to
now being an essential cost of
doing business and ultimately
a differentiator as tenants sign
leases.
The benefits of improved
building performance are
" massive, " Allen says, because
now human health and performance are being integrated
into the cost benefit analysis,
whereas before they were

considered simply as costs.
Any conversation about
technology's impact on real
estate must also mention
the impact real estate has on
technology. Properties owned
by data center, wireless infrastructure, and industrial REITs
are fueling the growth of the
21st century economy. REIT
veteran Bruce Duncan, CEO of
CyrusOne (Nasdaq: CONE),
discusses the opportunities he
sees for the data center REIT.
The examples discussed in
this issue highlight just some
of the many ways technology
is helping to shape how real
estate is designed and used
in a post-pandemic world.
REITs will continue to be at
the forefront of those efforts
as the benefits to shareholders,
tenants, employees, and communities become increasingly
clear.



Reit Magazine - January/February 2021

Table of Contents for the Digital Edition of Reit Magazine - January/February 2021

Contents
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Reit Magazine - January/February 2021 - Contents
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