August 20226 Copyright © 2022 ValleyMedia, Inc. All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher thereof.Editorial StaffDavid VincentFred SmithKevin DavisFredrick GallowayJames FerrerRose D. WilsonManaging EditorHayden Carr*Some of the Insights are based on the interviews with respective CIOs and CXOs to our editorial staffVisualizersSalesMichael WayneJames D. PhillipsSales@ realestatebusinessreview.comEmail:sales@realestatebusinessreview.comeditor@realestatebusinessreview.commarketing@realestatebusinessreview.com August - 2022, Vol 03 Issue 02 Published by ValleyMedia, Inc.To subscribe to Real Estate Business ReviewVisit https: www.realestatebusinessreview.com EDITORIALThe proptech adoption is surging as the real estate industry continues to break free of the pandemic's shackles. Even as the shifting pandemic conditions have allowed some in-person interactions to return in the domain, property managers are not ready to give up on the technology tools that gave them better agility, efficiency, and flexibility amid the pandemic.Leading-edge technologies like artificial intelligence (AI), cloud, and augmented and virtual realities (AR/VR) take center stage in the industry today as property managers look to reduce administrative burden, automate workflows, and optimize financial management. The property managers' clients, renters, and rental owners alike, have also become increasingly amenable to technology as they see first-hand how technology transforms processes like payments and communications. Adding to the ongoing challenges like labor and material shortages, increasing regulations, industry consolidation, and housing affordability crisis, technology is an abled ally for property managers to navigate the ongoing disruptions. As a result, the property management market is projected to grow from last year's $3.62 billion to $6.16 billion by 2028, at a CAGR of 7.9 percent. To put the spotlight on such key developments in the domain, Real Estate Business Review highlights the vital technological advancements in the property management space and how property owners and real estate companies leverage them to augment their property maintenance. The edition also features thought leadership articles from subject matter experts on the ongoing trends, best practices, and recent innovations. Some of the exclusive insights are authored by Ali Sajwani, General Manager of Operations at DAMAC Properties, Will Adams, Emerging Technologies Developer of Mortenson, Kevin Patai, Director of Digital Marketing at Howard Hanna Real Estate Services, and Karen Key, Managing Director of RangeWater Real Estate, who throw light on the recent innovations in the property management sector and how those advancements are aiding property owners and real estate companies to improve their properties' operations process and resident experience. In this edition of Real Estate Business Review magazine, we bring the story of some of the top property management solution providers delivering the best outcomes for their clients. One that stands out is FacilGo, a company that offers integrated, holistic maintenance, renovation, and turn platform with an extensive supplier network, connecting real estate property operators, their suppliers, and residents.Through the following pages, we aim to shine a light on the innovative trends and latest developments in the property management space. We would like to know your thoughts.Riding on the Wave of PropTech InnovationsHayden Carr Managing Editoreditor@realestatebusinessreview.com
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