The EER, or "BOMA Book" as it's known to many in the industry, will move online, allowing users to search a web-based tool for detailed operating income and expense analysis that has historically been available only in book or CD-ROM formats. Kingsley Associates uses similar online applications for many of its commercial real estate clients.
"We couldn't be more thrilled about the opportunities this collaboration will afford," said BOMA International chair and chief elected officer Richard Purtell, RPA, portfolio manager, Grubb & Ellis Management Services, Inc.
Future users of the EER can expect major enhancements to the data submission process. The survey will feature a new, more user-friendly interface that will aid users in clarifying which income and expense items should be reported on a given line. Features designed to help data submitters confirm the accuracy of their submissions are also planned.
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