July 2013 - BOMA Greater Minneapolis Newsletter

July 2013

Is your building paying dues?

Clip this to include in your budget document Why?

BOMA’s dues structure, combining a nominal charge for individuals and a square foot fee for buildings, is based on the fact that both individuals and buildings benefit from the Association.

Building dues are a legitimate operating expense, saving building operating costs many times your per-square-foot dues. These significant savings make BOMA membership a smart choice!

How Much?

Current dues are $.0078 per rentable square foot. The Board of Directors will be approving the 2014 dues soon. In the meantime, we always recommend that you budget for the possibility of a small increase in dues over the current year, usually just a cost of living adjustment of 3%.

Our Investment in BOMA Saves Us Money

Savings include...

At less than a penny per rentable square foot, membership in BOMA (Building Owners and Managers Association) saves us between 50 cents and as much as $2.40 per square foot annually in building operating expenses and lower tax obligations, while also increasing the property’s value.

BOMA advocates for commercial real estate on a broader range of issues than any other real estate organization in our region.

$1.46 Elevator code negotiations (one time) .60 Real estate tax defense (per year) .25 Terrorism Risk Insurance extension (per year) .05 Boiler Regulation Requirement removal (per year) .04 Utility rate negotiations (per year)

$2.40 psf Savings based on a typical 500,000 square foot building.

This wording can be downloaded from the BOMA website at www.bomampls.org.

BOMA has successfully advocated on our behalf on commercial real estate taxes, elevator code changes, terrorism risk insurance, leasehold depreciation, energy efficiency tax deductions and rebates, and transportation investment.

Editor’s Note:

BOMA is also the leading provider of professional commercial real estate education, which makes our management staff better stewards of the real estate we manage.

President’s Message 2 Upcoming Events 3-4 Mayoral/Council Races 5

Last month’s edition, The B’onion, was a success with our readers and will become an annual summer edition.

Some of you, including Sam Black with the Minneapolis/St. Paul Business Journal, admitted that it was the first time you’d ever read the BOMA newsletter cover to cover. Kjersten Jaeb with Cushman & Wakefield | NorthMarq wrote, “I laughed out loud. Thanks for a great pick-me-up.”

This month, it’s back to business, but we’d love to hear from you again about what you’d like to read in this monthly publication. Write to us at membership@bomampls.org.

Writing the Owner’s Report Welcome New Members Addressing Panhandling

6-7 8 9

BOMA Greater Minneapolis

BYP Graduates 10 Emerald Ash Borer 10-11 BOMA EER 12 •

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Page 1

President’s Message

BOMA Greater Minneapolis

By Jon Kuskie

www.bomampls.org 121 South 8th Street, Suite 610 Minneapolis, MN 55402-2825 Phone: 612-338-8627 Fax: 612-340-9744

The BOMA Newsletter

Sheila Miller, Editor and Publisher

H

ello to all Fellow Members of BOMA Eden Prairie Representative Jenifer Greater Minneapolis!

Loon to discuss items we are firmly in agreement with such as transportation One thought that has evolved for me funding, and also discussed items we over the past couple of years is the are strongly opposed: Commercial/ notion that it is very easy to turn negative Industrial property tax increases, fiscal the more one watches the news these disparities funding for local project days. I always thought I was trying expansion, business to business to be “informed”, but I caught myself taxation and creation of further street becoming increasingly disappointed repair special assessment zones for as there is so much negativity and local municipalities. What occurred discourse broadcast around us via the was a lively discussion on the part of internet, cable news programming and our BOMA colleagues who articulated even local media sources. our positions with respect and dignity not found in many instances as reported To reduce the burden of the negativity, by our current media.

I have tried to source a bit more positivity. On Sunday mornings, I find I left the meeting with the feeling that myself watching the purposely uplifting our GAC led by Jim Durda, Kevin CBS Sunday Morning program, or as I Lewis, Bill McGrann and Doug Carnival, call it: My Happy News. I do this in continues to fight the good fight on our preparation for the other politically behalf, and do so in a way to make based Sunday morning programming each of us pleased to be involved which usually focuses on the trials and with an association that conducts tribulations of the day. The happy news business with such dignity. I also lowers the blood pressure and makes recognize that so many of you fellow sure I don’t yell or throw things at my members connect with your local, state TV. and federal officials on behalf of your companies and our industry in equally What I value about our BOMA is that respectful ways. I thank all of you for we deal with very challenging issues your beneficial engagement. in ways that do not create the political divisiveness that is brought about Today, I am positively proud to be part in so many other ways in our day to of this fantastic association! day lives. The BOMA Government Affairs Committee (GAC) recently met on separate occasions with Edina Representative Ron Erhardt and with

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BOMA Greater Minneapolis

Statements and opinions expressed herein do not necessarily represent the opinion of BOMA or its membership. Articles may be reprinted only by written authority of the editor.

DISCLAIMER: All advertisements are accepted and published by the publisher upon representation that the Agency and/or Advertiser is authorized to publish the entire contents and subject matter thereof. The Agency and/or Advertiser will indemnify and hold harmless the publishers, the employees and agents of the publisher from any loss or expense from claims or suits based upon contents of any advertisement including claims or suits for defamation, libel, violation of rights of privacy, plagiarism and copyright infringement.

Officers President: Jon A. Kuskie, Zeller Realty Group Vice President: David K. Wright, FMA, RPA US Bank Corporate Real Estate Secretary/Treasurer: Kimberly K. Ihle, CPM, RPA, CCIM CBRE Directors Kevin A. Connolly, CPM, RPA Cushman & Wakefield | NorthMarq David R. Dabson, RPA, CCIM Piedmont Office Realty Trust, Inc. Lynette Dumalag, Nelson, Tietz & Hoye, Inc. Susan J. Goldstein, Xcel Energy Brett K. Greenfield, Colliers International Michael A. Hagen, The 614 Company Tanya J. Hemphill, RPA, CPM, CCIM Investors Real Estate Trust Tom W. Heuer, Aspen Waste Systems, Inc. Pat McQuiston, Target Corporation Jeffrey C. Steinke, RPA, Ryan Companies US, Inc. Amy J. Wimmer, Hines Kevin Lewis, Executive Director

Upcoming Events TOBY Information Meeting

22nd Annual CornerHouse Fundraiser

If you MIGHT be interested in entering The Outstanding Building of the Year (TOBY) awards competition this year with your management team, we invite you to join us for an informational meeting to learn about the competition, its entry process, and updates to this year’s requirements. Talk with winners and judges about the process, strategies, and timelines. Following the meeting, participants will be invited to stay for wine and cheese and networking.

BOMA members are invited to the 22nd Annual CornerHouse fundraiser, a Twins vs. Kansas City Royals game.

The purchase of a ticket includes a complete picnic dinner from Divine Swine, a ticket to the game, kids’ activities, a silent auction and live auction, and an opportunity to win door prizes.

WHERE: Capella Tower, 225 South Sixth Street in Minneapolis. Meet

This event has traditionally had strong support from the commercial real estate industry. CornerHouse provides investigative interviews and medical examinations in a child-friendly facility for children who have either reported sexual abuse, witnessed a violent crime or who may have been otherwise victimized.

COST: Free.

WHEN: Tuesday, July 30 4:00 PM Pre-game festivities | 7:10 PM Game

REGISTER online at www.bomampls.org so that we have enough wine and cheese!

For more information or to purchase tickets, visit www.cornerhousemn.org.

WHEN: Thursday, July 25; 3:30 - 5:00 PM in the Business Center. Parking will be validated for the building ramp.

To learn more about the awards, visit the BOMA website at www. bomampls.org and click on TOBY Awards under the “About” tab.

All BOMA members are invited to join us for our annual golf tournament at Bunker Hills Golf Course. Registration is now open.

WHEN: Monday, July 29

11:00 AM Lunch Buffet 12:00 PM Play Begins 5:30 PM Cocktails 6:00 PM Evening Event

WHERE: Bunker Hills Golf Course

12800 Bunker Prairie Drive in Coon Rapids

TO REGISTER: Visit the BOMA website at www.bomampls.org.

We are looking forward to another exciting tournament and hope you are able to join us! Questions? Email events@bomampls.org.

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Upcoming Events Continued

byp

BOMA Young Professionals

2013-2014

Registration NOW Open!

This nine month series of classes and networking events is open to anyone relatively new to the industry, employed by a BOMA Greater Minneapolis Regular Member company and who would benefit from basic level classes focused on the core topics of commercial property management. This year’s classes tentatively include: Advocacy, Project Management, Leasing and Marketing, Emergency Preparedness, Green Strategies, Managing Relationships, Asset Management, Legal Issues, and Repositioning.

Classes are hosted by veteran BOMA members, usually in their

conference rooms. Classes are tentatively scheduled to be held on the second Friday of every month from 11:30 AM – 1:30 PM beginning in September. Dates and times will be confirmed in August.

COST: $75 includes 9 monthly BYP luncheons thanks to the generosity of our instructor hosts.

REGISTER BY AUGUST 30. Registration is limited to 25

people so don’t delay! Register today at www.bomampls.org or by sending an email to events@ bomampls.org.

Lease a Manager or Engineer Help Raise BOMA Scholarship Money Associate or Professional Members, are you interested in leasing the undivided attention of a Property Manager or Engineer for one hour for $50 paid directly to the BOMA office?

You would lease the manager or engineer in “as is” condition and as long as you return him or her in the same condition, you may spend that hour however you like.

You may give him/her your best sales pitch, take him to lunch, educate her about your industry, chat for an hour about golf or hunting, or whatever you like. To see a list of available property managers and engineers, please visit the BOMA website.

Our Lease a Manager or Engineer program is a fun way to provide Associate and Professional Members the opportunity to make connections with property managers and engineers while raising funds for our BOMA Student Scholarship Program. Last year, you helped us raise $2,625 for scholarships awarded to students interested in pursuing careers in commercial real estate. Let’s do it again!

To lease a manager or engineer, visit the BOMA website at www. bomampls.org.

BOMA Greater Minneapolis Fall 2013 Course Calendar Real Property Administrator (RPATM) • Facilities Management Administrator (FMATM)

Real Estate Investment and Finance Tuesday Sessions: September 17 - October 29 (7 sessions) 2:00pm-6:00pm Metropoint Building, St. Louis Park

Budgeting and Accounting Wednesday Sessions: September 18 – October 30 (7 sessions) 2:00pm-6:00pm Metropoint Building, St. Louis Park

Learn to take charge of real estate investments to maximize the value of a property. Develop knowledge about basic financial concepts as they relate to real estate, including valuation, analysis, taxation, depreciation, and lifecycle costing. Evaluate real estate investments and develop budgets that estimate net operating income. Study the income capitalization approach and cover property taxation costs and strategies to offset these costs.

Gain the skills to conduct discounted cash flow analyses and calculate net present value and internal rate of return. This course features exercises that require the basic use of the HP 10bII* financial calculator.

Budgeting and Accounting features applications and problems you can use to create building and facilities’ budgets. In this course, you will have the opportunity to apply concepts within the real property and facilities context.

Follow the accounting process and creation of a budget from start to finish, learning such valuable skills as how to interpret financial statements, annual reports, and statements of cash flows. Learn practical skills such as how to compile lease abstracts and prepare rent rolls. The course includes valuable exercises pertaining to computing productivity ratios, depreciation, ending cash balances, preparing income and expense budgets, and explaining budget variances.

For more information and to download a registration form, please visit www.bomampls.org.

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BOMA Greater Minneapolis

BOMA Keenly Interested in City of Minneapolis Mayoral and City Council Races

industry has on Minneapolis, will leave a lasting legacy.

F

or the first time in 14 years, the City of Minneapolis will have a new Mayor and perhaps several new City Council Members in place come January 2014. This past April at our Monthly Membership Meeting, outgoing Mayor R.T. Rybak provided an assessment as to the accomplishments that have occurred during his tenure.

There have been a few occasions BOMA has differed with the Mayor on certain issues. However, his leadership and achievements over the course of time and understanding of the significant impact the commercial real estate

Currently, there are six candidates vying for the office, including three sitting City Council Members. BOMA has been approached by some of the candidates seeking endorsement and/or support. To be clear, it is the policy of our organization not to endorse any candidate for elected office. However, our organization representing our members and the tenants they serve, are extremely interested in the positions of each candidate. Crucial to the office of building owners and managers is: • • •

Clean and safe environment No undue mandates Support for those mortar businesses rent, support jobs property taxes

business bricks & that pay and pay

STUDY the impact of

mile Central Corridor Light Rail Line between Minneapolis and Saint Paul. Collectively since 2010, the partners have avoided nearly 1.8 billion pounds of carbon dioxide emission via their collective energy efficiency, renewable energy, smart technology and transportation efforts. Our contribution to the group centers on the ongoing coordination of the Kilowatt Crackdown and the promotion and engagement on behalf of BOMA International’s 7-Point Challenge and 360 Performance Program.

To better understand the viewpoints of the candidates, BOMA Greater Minneapolis in cooperation with the Minneapolis Regional Chamber of Commerce and the Downtown Council, have tentatively scheduled a Mayoral Forum on September 4. The event will focus primarily on business and job creation for Minneapolis and the majority of guests will be individuals that both work and live in Minneapolis.

Additional details will be forthcoming.

BOMA Partner/Contributor with Energy Innovation Corridor

The group’s efforts recently won a 2013 Environmental Initiative award in the energy and climate protection category. Environmental Initiative is a nonprofit organization that builds partnerships to develop collaborative solutions to environmental problems through events, policy and projects.

Over the last few years, BOMA Greater Minneapolis has partnered with 20 other organizations to comprise the Energy Innovation Corridor (EIC).

This working group is led by a diverse group of public, private and nonprofit organizations, each committed to developing the EIC into a national model for transportation and energy infrastructure. It lies along the 11-

ENERGY EFFICIENCY

t

on your

By Kevin Lewis BOMA Executive Director

BOTTOM

LINE

AUDITS AND STUDIES.

Xcel Energy offers audits and in-depth studies that can help you identify exactly where and how much your facility can save by making energy efficiency upgrades. What’s more, we often can help you pay for these studies, then provide rebates to make your upgrades more affordable and your paybacks faster.

ResponsibleByNature.com/Business

Visit ResponsibleByNature.com/Business or call an energy efficiency specialist at 1-800-481-4700.

© 2013 Xcel Energy Inc.

00287-D XL_CIPDSM_BottomLine_7.25x4.875_4C_FNL.indd 1

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6/17/13 11:12 AM

Writing the Owner’s Report

By Mike Thornton Frauenshuh, Inc. Member of the BOMA Communications Committee

O

ne of the most important parts of the cyclical schedule of the property manager’s responsibilities includes writing the report to property owner/ investors (the “Owner’s Report”) detailing all activities taking place at the property during the reporting period. Whether the reporting period required is a month, quarter or year, the manager must communicate all activities that took place at the property, both financial and non-financial, and explain how those activities affect the property.

Reporting requirements vary with owners but usually require the manager to provide more than a

cursory recap of the events and activities of the reporting period.

The typical report is a “backward look” of activities that have happened during the reporting period but often also includes projections for a period looking forward. Your owner/investor not only wants a recap of the period’s activity but may also want you to project this activity into the future and identify how it may affect operations, occupancy, marketing, NOI and cash flow, in other words, the overall health and future of the investment, both long-term and short-term.

The

property

manager

must

organize and distill all information presented to ownership and present it in the most concise

and readable fashion to create a cogent report. It is extremely

important and ultimately beneficial for the property manager to understand the audience to whom he or she is writing.

Your owner/investor may be a financially sophisticated investor who can out number-crunch anyone and totally focused only on NOI or cash flow, or simply a casual investor with a minority share of the ownership of the property. Either way, he or she relies on the manager to provide, present, summarize and

Continued on next page.

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Writing the Owner’s Report Continued from previous page. interpret the data from the reporting period in an understandable format. Your owner/investor may or may not wish to read through every detail of every page of reams of financial documents but instead, rely on you and your knowledge of the intimate workings of the property for interpretation and summary of the details. Your duty, then, is to present the information in a clear report without omitting or exaggerating any one particular piece of information.

Understanding how to say the most using the fewest words is imperative for successful report writing. This may require you to preface the report with some level of executive summary.

The successful manager must “go deep” into the activity during the

reporting period to understand all nuances of the property’s finances and operations in order to master the creation and assembly of this report which will provide ownership with a full and clear picture of all activity that has taken place at the property.

The manager’s duty is to disclose all information pertinent to the operation of the property without sugar-coating the bad news or exaggerating the good news.

The owners report is typically not the time for first disclosure of any major good or bad news of the property. The manager and owner should be communicating throughout the reporting period with the manager disclosing any and all major items of news during those conversations. The owners

report, then, becomes a summary of activity rather than a vehicle for reporting “breaking news.” Taking a matter-of-fact approach toward preparing the owners report is the best approach and full-disclosure and discussion of all facts and activity in and around the property will serve both manager and owner well in the long run.

A good command of “the numbers” is a must for any manager, especially when preparing this report and a good command of the English language is also a requirement to clearly explain both the financial and non-financial activities of the property. The manager, as report writer, must use proper grammar, punctuation, appropriate verbiage and all other elements of composition to

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effectively communicate with the owner/investor.

Whatever its title, the Owner’s Report is one of the primary, and usually the most indepth, methods of regularly communicating property performance to ownership. The manager’s accomplishment of this responsibility will be well-served by consulting with the entire management team, including accounting, operations and leasing, in order to provide the most accurate portrayal of property performance. t

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Welcome New Members!

Since March 1, 2013, the following individuals have been welcomed into membership for the first time, joined a new company, or have come back to membership:

Regular Members Emily Boessen, BASE Management Jon Fletcher, Alatus LLC Brett Gardner, Hines Adam Godbout, Hines Kris Harris, City Center Real Estate Services Ross Hedlund, Frauenshuh, Inc Bart Hendrickson, City Center Real Estate Svc. Rich Hoge, MOA Aaron Kuznia, Hines Jared McKie, CWNM Pat McQuiston, Target Corporation Mark Moehlenbrock, Piedmont Stefanie Storms, Hines Kevin Threinen, City Center Real Estate Svc. Jennifer Williams, CWNM Brian Young, City Center Real Estate Services

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Associate Members Becky Austin, Prevolv Ann Cihak, HUB Parking Technology Richard Coffey, Alete Cleaning Services Mike Collins, Cutting Edge Property Maintenance Juli Durant, Mission Construction Jack Hall, General Security Services Corporation Brian Heriot, Division V Summer Krzoska, bdh+young interiors Joel Long, Rubbermaid Commercial Tim Maher, COIT Services Matt Peterson, Schwickert’s Mike Polley, UHL Company Becky Sundberg, Foliage Design Systems

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BOMA Greater Minneapolis

Professional Members Edward Cook, Edward H. Cook, & Associates Jon Dahl, Jones Lang LaSalle Helee Hillman, GOBY Justin Short, Best & Flanagan Law Brian Trnka, Jones Lang LaSalle Jonathan Wilson, Best & Flanagan Law

Addressing Panhandling Positively

By Margaret Miles Director of Development and Communications St. Stephens Human Services

T

he folks who work with the homeless programs at St. Stephen’s Human Services say that the most common question the public asks them is “What should I do when someone on the street asks me for money?”

This month St. Stephen’s is launching a downtown-wide campaign with an answer.

“If people are concerned about someone being homeless, giving that person money or a sandwich really isn’t the best answer,” says St. Stephen’s Program Director David Jeffries.

Instead St. Stephen’s is asking people to call its Street Outreach Team. The team specializes in helping people who need to get connected to services and housing. The team works six days a week, looking for people who need help on downtown streets,

under bridges, or anywhere someone may be outside without shelter.

St. Stephen’s is sending all downtown businesses and property owners a poster which they hope will be placed in staff break rooms. Posters include 25 tear-off cards that people can give instead of money.

The cards direct people to contact Street Outreach.

“We understand the desire to help—it’s the best part of our humanity” says Margaret Miles, Development Director at St. Stephen’s. “But we’re trying to change behaviors so that people get permanent help, such as a place to live or an income so they won’t have to panhandle.”

Ending street homelessness is one of the ten goals of the 2025 Plan launched by the Minneapolis Downtown

Council.

“This goal is very achievable,” says Mark Stenglein, President & CEO of the Minneapolis Downtown Council and Downtown Improvement District. “We have many partners collaborating and working hard to offer resources and services to homeless individuals that will provide support and help homeless individuals get off the streets.”

St. Stephen’s Street Outreach Team was launched in 2008. Since then they have connected over 500 people to housing and countless others to

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healthcare, mental health services or chemical dependency support. t

The number for St. Stephen’s Street Outreach is 612-8797624.

To get a poster or more information, please contact Margaret Miles at 612870-2276 or mmiles@ ststephensmpls.org.

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Emerald Ash Borer: Time to Take Action

By Thomas Badon, Rainbow Treecare ASLA Commercial Consulting Arborist, ISA Certified Arborist MN-4439ARainbow Treecare

T

he Emerald Ash Borer (Agrilus planipennis) has killed millions of ash trees since its discovery in southeastern Michigan in 2002.

Native to Asia, this insect was likely introduced to the United States in wood packing material carried in on cargo ships or planes.

Where is it around here?

Minnesota’s Emerald Ash Borer (EAB) population is increasing exponentially. Known infestations in the Twin Cities include

Minneapolis, St. Paul, Roseville, and Shoreview and the pest has shown up at landmarks such as Ft. Snelling Golf Course and Lakewood Cemetery. For the latest known infestation locations, visit the Minnesota Department of Agriculture’s website at http://www.dnr. state.mn.us/invasives/ terrestrialanimals/eab/ index.html.

How does this insect kill Ash trees?

The female Borer lays its eggs on the bark of an ash tree and the larvae tunnel through the bark and

begin consuming the sapwood of the tree. This feeding disrupts water flow to the canopy, dehydrating and killing that portion of the tree.

Eventually, the whole tree will die. Since this insect often goes undetected for the first few years, the population grows very rapidly within the original tree, placing all the surrounding trees at high risk.

What should I look for? First and most important is to correctly

byp

BOMA Young Professionals 2012-2013 Congrats to the graduates of the 2012-2013 BOMA Young Professionals season!

David Bartels Erika Bennett Mike Cooper Matt Dow Susie Held Angie Kairies Gail Kennedy Melissa Lehr Jessica Lindquist Angie Miller Ryan Mooney Anna Quick Amanda Steffens Tom Tollefson Ashley Voss Page 10

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Colliers International H.J. Development, Inc. Cassidy Turley Ryan Companies US, Inc. Colliers International Frauenshuh Health Care Real Estate Solutions Cushman & Wakefield | NorthMarq Real Estate Services Ryan Companies US, Inc. Cushman & Wakefield | NorthMarq Real Estate Services Piedmont Office Realty Trust, Inc. Cassidy Turley RMR Colliers International Awsumb & Associates, Inc Cushman & Wakefield | NorthMarq Real Estate Services July 2013

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BOMA Greater Minneapolis

identify the tree you are looking at as an ash tree. See the Department of Agriculture website previously referenced.

Then look for symptoms.

Typically a tree will start dying from the top down, losing 3050% of its canopy after two years of infestation. As the top of the tree continues to decline, new branches begin to form near the base of the tree as the tree’s last hope to survive. If the tree is Continued on next page.

Emerald Ash Continued from previous page. heavily infested, the bark will begin to sheer off revealing distinct “S” shaped galleries where the larvae have been feeding. The final telltale sign is “D” shaped exit holes about 1/8 inch wide created as the adults emerge from the tree. Due to the coarse nature of the bark, these can be difficult to spot at first glance. Typically by the time they are visible and near eye-level, the tree is already heavily infested.

(Safari, Transtect). There are also three effective application methods: soil applications (imidacloprid, dinotefuran), tree injections (emamectin benzoate, imidacloprid), and systemic bark spray applications (dinotefuran).

Choosing the perfect combination of active ingredient and application methods can vary by pest pressure, economics, and management objectives

is right for you, it can be said that you can economically treat a tree for over 10 years for the cost of removal and replacement.

However, it’s important to consider that not all trees can or should be saved. Perhaps this is an opportunity to remove and replace the trees that were planted in the wrong place, have poor structure, have been damaged by storms in the past, or are a general nuisance.

What’s the best treatment option?

The one size fits all concept of EAB management is rarely the best option.

Are treatments expensive? This is certainly relative to the value of your trees.

Economically speaking, you can calculate this at www.treebenefits.com/calculator.

Although this may consider storm water retention, energy costs, and environmental qualities, the calculator doesn’t factor in any emotional attachment, politics, privacy value, etc. If treatment

Where do I go from here? Create a plan and budget. You don’t necessarily have to treat or remove trees instantly, however having a plan and being ready when the time is right for your property can mean the difference between a beautiful property and an economic disaster. Begin by identifying the ash trees on your property, evaluating and rating

There are three scientifically proven effective treatments, each with a different active ingredient: emamectin benzoate (brand name TREE-age), imidacloprid (Xytect, Merit, others), and dinotefuran

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each one based on good structure, overall health, and aesthetics to your property. Simply ask yourself, do I want this tree? If you plan to treat the tree, you can budget for that. If not, you can budget for removals and replacements.

As you plant trees, remember to plant a diverse variety of species to avoid history repeating itself.

Considering the relatively short history of EAB, this insect will cost you either now or later. Now is the best time to take action and manage EAB before it affects you and your property.

Additional Information Visit www.emeraldashborer.info or contact a professional, licensed tree care company. t

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BOMA International’s Experience Exchange Report

B

July 4 11 29

udget season is fast approaching and what better way to build better budgets and pro formas than to use the now available 2013 EER to see how your building matches up to other buildings in its market. The 2013 EER contains data from 5,300 buildings and includes data from over 250 across the US and Canada.

It’s convenient, online access allows you to generate reports for over 125 cities anytime anywhere. With its custom search features and exportable tables and charts, the EER can track key performance indicators such as energy and cleaning costs to evaluate

Holiday - BOMA Office Closed Board of Directors Meeting Golf Tournament

August 8

Board of Directors Meeting

September 2 4 12 19

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Holiday - Office Closed Engineers Association Meeting Board of Directors Retreat General Meeting

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BOMA Greater Minneapolis

and refine operating strategies for an asset or your entire portfolio. The EER truly works for you to make your current assets increase their level of performance and to provide comprehensive metrics to owners, investors and tenants in an effective poignant manner. It can also be used to evaluate new markets in terms of income and expenses and is a necessity for analyzing and underwriting acquisitions. Simply put, using the EER to streamline your budget is the most effective way to measure your performance.

Subscribe at www.bomaeer.com.