One of the most powerful benefits modern technology provides businesses with today is increased visibility into operations. In the real estate segment, deep insight into business performance is paramount to delivering better customer experiences.
One area of the real estate ecosystem that is, arguably, one of the more challenging branches is investment management. There are so many aspects of investment management that require constant monitoring, communication and tracking that it’s difficult to do it all effectively without the aid of technology to help managers stay organized.
Apart from benefitting investment managers and helping streamline their work, the insight captured by technology also gives investors themselves increased transparency around their portfolios.
Investment management is also ripe for growth. Our recent survey of investors found they are positive about the market, with almost half of respondents indicating they plan to increase their real estate investments and stay in the real estate investment game long-term. The winter is a good time to move forward with real estate investments because this time of year tends to be more of a buyer’s market, especially in multifamily, a popular asset class.
There is no better time for investment managers to get ahead of the season and consider how to use technology to strengthen and build lasting relationships with their investors, all of which lead to better business growth.
Be Investors’ One-Stop Shop
Real estate investing is a complex environment because there is a multitude of information to keep track of and to understand in order to make sound investment decisions. Investors rely heavily on their investment managers to provide them with consistent information across a variety of areas like new investment opportunities, property performance updates and analytics, information about the performance of the investment management company, and more.
Managers should use technology to provide this type of information more effectively and more frequently to investors. Historically, investment management required a significant amount of last-minute, manual paperwork to deliver relevant investor information, including fundraising documents, tax documents, statements, distribution calculations and contributions. In the investment world, there’s often an immediacy tied to providing financial information. Managers can employ technology to consistently keep track of financial documents, reducing risks of double entry and other human error and eliminating pressure on investment managers to pull together last-minute requests from investors. It also provides more assurance to investors that they will be able to acquire any information they need through digital records, accurately and concisely, and at any time. This leads to more confidence in investment managers and gives investment managers time back to focus on more strategic work.
Savvy investment managers track and pull every part of the investment cycle into digital, visually digestible, online material that also gives investors themselves direct access to information they need, in one location.
Grow And Strengthen Relationships
Communication plays a huge role in any successful business relationship. By using technology, investment managers can do this better with their investors, keeping operations more organized and transparent. Instead of constant follow-up with investors to get a better idea of where certain actions stand, use tech to be automatically updated on the latest completed activities, like when investors receive a signed document. Take as much of the guesswork and misunderstanding out of investment communications as possible to make for more efficient work.
Through streamlined processes and through working with effective investment managers, investors, naturally, will have more confidence in the investment management business handling their portfolios and fundraising. This kind of credibility and trust, in turn, gives investment management businesses the opportunity to raise even more capital from investors, helping overall business growth.
Understand Your Investors’ Needs
It’s important to understand that while technology will certainly improve operations, it isn’t the only important component of successful real estate investment management. Managers must understand their investor needs and keep those at the forefront of all their business decisions.
For example, managers need to be able to craft different investment strategies depending on the investor they’re servicing. It’s never going to be a one-size-fits-all approach. While some investors might be focused on the multifamily space, others might have a more mixed portfolio, which requires different strategies for different asset classes. It may even make sense for managers to try and specialize in a specific area of real estate, like development, to offer more sound advice on where it might make the most sense to invest in the future.
Additionally, as many investors invest nationwide, not just locally, it’s critical for managers to have in-depth knowledge of the local markets their investors play in, to help lead investors to better decisions and give them more information and background to work with when making those decisions.
While technology absolutely helps take investment managers to the next level, understanding individual investors and their needs, assets and strategies will help managers cross the finish line.
Tense diplomatic relations may not impact trade, investment ties between India, Canada: Experts
NEW DELHI: The tense diplomatic relations between India and Canada are unlikely to impact trade and investments between the two countries as economic ties are driven by commercial considerations, according to experts. Both India and Canada trade in complementary products and do not compete on similar products.
“Hence, the trade relationship will continue to grow and not be affected by day-to-day events,” Global Trade Research Initiative (GTRI) Co-Founder Ajay Srivastava said.
Certain political developments have led to a pause in negotiations for a free trade agreement between the two countries.
On September 10, Prime Minister Narendra Modi conveyed to his Canadian counterpart Justin Trudeau India’s strong concerns about the continuing anti-India activities of extremist elements in Canada that were promoting secessionism, inciting violence against its diplomats and threatening the Indian community there.
India on Tuesday announced the expulsion of a Canadian diplomat hours after Canada asked an Indian official to leave that country, citing a “potential” Indian link to the killing of a Khalistani separatist leader in June.
Srivastava said these recent events are unlikely to affect the deep-rooted people-to-people connections, trade, and economic ties between the two nations.
Bilateral trade between India and Canada has grown significantly in recent years, reaching USD 8.16 billion in 2022-23.
India’s exports (USD 4.1 billion) to Canada include pharmaceuticals, gems and jewellery, textiles, and machinery, while Canada’s exports to India (USD 4.06 billion) include pulses, timber, pulp and paper, and mining products.
On investments, he said that Canadian pension funds will continue investing in India on grounds of India’s large market and good return on money invested.
Canadian pension funds, by the end of 2022, had invested over USD 45 billion in India, making it the fourth-largest recipient of Canadian FDI in the world.
The top sectors for Canadian pension fund investment in India include infrastructure, renewable energy, technology, and financial services.
Mumbai-based exporter and Chairman of Technocraft Industries Sharad Kumar Saraf said the present frosty relations between India and Canada are certainly a cause for concern.
“However, the bilateral trade is entirely driven by commercial considerations. Political turmoil is of a temporary nature and should not be a reason to affect trade relations,” Saraf said.
He added that even with China, India has acrimonious relations but bilateral trade continues to remain healthy.
“In fact, bilateral trade is an effective tool to improve political relations. India must make special efforts to increase our bilateral trade with Canada,” Saraf said.
India and Canada have a strong education partnership. There are over 200 educational partnerships between Indian and Canadian institutions.
In addition, over 3,19,000 Indian students are enrolled in Canadian institutions, making them the largest international student cohort in Canada, according to GTRI.
According to the Canadian Bureau for International Education (CBIE), Indian students contributed USD 4.9 billion to the Canadian economy in 2021.
Indian students are the largest international student group in Canada, accounting for 20 per cent of all international students in 2021.
Benefits of educational partnerships are mutual and hence the current situation may have no impact on the relationship, Srivastava said.
Apple supplier Foxconn aims to double India jobs and investment
Apple supplier Foxconn aims to double its workforce and investment in India by next year, a company executive said on Sunday.
Taiwan-based Foxconn, the world’s largest contract manufacturer of electronics, has rapidly expanded its presence in India by investing in manufacturing facilities in the south of the country as the company seeks to move away from China.
V Lee, Foxconn’s representative in India, in a LinkedIn post to mark Indian Prime Minister Narendra Modi’s 73rd birthday, said the company was “aiming for another doubling of employment, FDI (foreign direct investment), and business size in India” by this time next year.
He did not give more details.
Foxconn already has an iPhone factory employing 40,000 people in the state of Tamil Nadu.
In August, the state of Karnataka said the firm will invest US$600 million for two projects to make casing components for iPhones and chip-making equipment.
The company’s Chairman Liu Young-way said in an earnings briefing last month that he sees a lot of potential in India, adding: “several billion dollars in investment is only a beginning”.
Taiwan election: Foxconn’s Terry Gou taps star-powered running mate
Last month, Foxconn’s billionaire founder Terry Gou said he would run for the Taiwanese presidency in next year’s election, as an independent candidate.
He said the ruling and independence-leaning Democratic Progressive Party (DPP) was unable to offer a bright future for the island and left Foxconn’s board following his decision to run.
The firm operates the world’s largest iPhone plant, in the city of Zhengzhou in Henan province.
Foxconn to double workforce, investment in India by ‘this time next year’
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