Page 27 - RC21 EDGE Summer Issue

was selected as a primary technology solution. Leveraging the Voyager platform, features and functionality are added as developed properties move into operations, or when the company offers different or more complicated investment products to the marketplace.
The Fourth Industry Revolution and the MultiGreen Digital Twin
We agree with the World Economic Forum founder Klaus Schwab who stated that The Fourth Industrial Revolution is upon us and the digitization of everything is happening now. For us, our participation and advancement in this industry will be accelerated by the use of our detailed REVIT models, known as Building Information Modeling (BIM), and the bi-product of the federated BIM model which is the Digital Twin. With mature technology from Microsoft Azure Digital Twin and Autodesk Construction Cloud with Tandem and a lot of in-house software programing, this once lofty idea is now a “MultiGreen Way” 1.0 standard operation procedure.
Here are a few key tenets of the “MultiGreen Way”:
• Attainable Living – is our approach to solving the high quality “workforce” and “entry-level” rental housing demand. Each city provides unique local
and regulatory challenges. In general, the targeted consumer group earns at least 80% of Area Medium Income (AMI) with targeted rents below that of similar Class A properties. It provides a market-based solution, not dependent on government subsidies.
• Sustainable – means projects will be built to a minimum of LEED or Green Globes standards,
with GRESB benchmarking and other proprietary benchmarking tools. It analyzes the capital efficiency of sustainable technologies to understand the total cost of ownership.
• Costs – include any direct and indirect expense that affects the total cost of ownership during the life of the property. As value investors, we deploy capital into projects where we can construct communities at a discount to current market values. The company selects vendors and sub-contractors that utilize modern construction methodologies that add to the cost efficiency of capital required.
• Duration – time to project completion is the single most expensive variable in new ground-up construction. Our building designs help solve for the industry’s sense of urgency. It uses lean philosophy and other PropTech applications to decrease construction waste and increase scheduling efficiencies.
• Standardized – It standardizes three multifamily building typologies: (i) Garden Style Type V Construction; (ii) Podium Style Type IV Construction; and (iii) Mid- to High-Rise Style Type I Construction.
• Systemized – It provides proprietary multifamily Owner Program Requirements (OPRs) for each stage of the pre-development, construction, and facility management process.
Watch the Realcomm Live interview with Randy Norton of MultiGreen for more information.
Randy Norton is the Founder and Chairman of Board at MultiGreen. Randy has more than 20 years of real estate experience, namely Real Estate
Development and Construction, Building
Information Modeling (BIM), Leadership in Energy and Environmental Design (LEED), Smartgrid Cogeneration and Renewable Energy with Intelligent
Building IoT.
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