System and method of managing and geographically optimizing property leasing and purchasing

• US 10,445,843 B1
• Filed: 03/15/2013
• Issued: 10/15/2019
• Est. Priority Date: 04/07/2011
• Status: Active Grant

• Current Assignee: Donald Charles Catalano
• Original Assignee: Donald Charles Catalano
• Inventors: Catalano, Donald Charles
• Primary Examiner(s): Wong, Eric T
• Application Number:
  US13/844,238
• Time in Patent Office: 2,405 Days
• Field of Search: 705 13
• CPC Class Codes: G06Q 30/0625 Directed, with specific intent or strategy
• CPC Class Codes: G06Q 30/0645 Rental transactions; Leasing transactions
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A computerized method for optimizing a real estate management or selection process. This system scores various potential new real estate Comps in accordance with customer selected and weighted factors, including a novel set of Key Selected Driver (KSD) factors that rate a building'"'"'s suitability to the customer'"'"'s needs, according to an algorithmic scoring system. The system can use KSD factors to take into account the demographics of various cities or geographic regions, as well as take into account the distribution of employee homes, local traffic patterns, and the like. The system may also comprise a financial modeling section as well that makes alternative future cost projections based various financial parameters. The method can graphically show multiple potential sites, financial data, KSD factors, demographic factors, and mapping data simultaneously, thus allowing for rapid and intuitive optimization.

Claims

1. A computerized method of comparing a plurality of properties, said method comprising:

using a computer processor to compare a plurality of properties, each said property being a real estate property, each property having unique characteristics that impart a suitability of said property to a potential real estate user, wherein at least some of said properties have differences between said unique characteristics, said potential user comprising any of a potential lessor, purchaser or broker;

wherein said method further comprises comparing a suitability of a real estate first property to a potential user'"'"'s ideal real estate property and to at least one second property, by using a KSD number generated by a KSD function comprising a plurality of KSD variables, each KSD variable having its own relative importance coefficient, to describe characteristics of the first property and at least one second property;

wherein said first property and said at least one second properties have map locations;

using a graphical user interface running on a display screen of a computerized device to define a plurality of KSD variables for a potential user'"'"'s ideal version of the property, and assigning the relative importance coefficient for each individual KSD variable in said plurality of KSD variables, thus creating a KSD function that produces a KSD number;

wherein a sum of all of the relative importance coefficients in said plurality of KSD variables is equal to 100% or 1, and wherein said plurality of KSD variables is at least four KSD variables;

using said graphical user interface and said computerized device to assign values to each of said KSD variables that describe the first property and the at least one second property;

using a computer processor running said KSD function to compute KSD numbers that describe the first property and the at least one second property, wherein said KSD numbers have values between 0% and 100% inclusive, or equivalents thereof;

comparing the KSD numbers from the first property or ideal property with the at least one second property, thus producing at least one suitability rating; and

using said graphical user interface to display data pertaining to said at least one suitability rating and at least one map location of any of said first and said second properties on said display screen of a computerized device.

2. The method of claim 1, wherein said KSD variables include at least one variable selected from the group consisting of aesthetics, floor layout, signage, gyms, auditoriums, proximity to daycare, proximity to airports, rail depots, or interstate highways, proximity to restaurants, commuting time to key locations, and ease of expansion.

3. The method of claim 1, wherein said KSD number for the first property or second property is normalized by the KSD number for one of the ideal property and first property.

4. The method of claim 1, wherein said first property and said at least one second properties have map locations;

further obtaining said map locations from a remote server comprising a database of map locations;

further simultaneously displaying said map of a plurality of said locations on at least one map, said map locations juxtaposed to one or more additional data or map locations selected from the group consisting of additional data pertaining to home addresses of employees that work at said first property, or commercial addresses of customers that purchase goods or services from said first property.

5. The method of claim 1, further used in a computerized method of optimizing a real estate lease portfolio relative to at least one set of Comps comprising comparable potential leases, said portfolio containing at least one leased property comprising at least one existing lease on a leased first property, each said at least one leased property having a leased property location, leased property lease start date, leased property lease expiration date, leased property rent as function of time, and projected other leased property expenses as a function of time, each individual leased property having its own associated set of Comps, said Comps comprising at least one second property, said optimization further based on a present time comprising either the date that the optimization is being performed, or a user desired reference date for the optimization, said method comprising:

projecting future expenses on an individual property basis for at least one leased property in said portfolio by using a computer processor to perform a sum of the leased property rent comprising numeric integration over time from at least the present time to the leased property lease expiration date of the leased property rent as a function of time and projected other leased property expenses as a function of time, and producing at least one individual leased property projected total cost;

for each individual Comp in said associated set of comps, obtaining data describing a Comp location, Comp lease start date, Comp lease expiration date, Comp rent as a function of time, and projected other Comp expenses as a function of time;

using a computer processor to project future expenses for each individual Comp in said associated set of comps by performing a numeric integration over time from at least the present time to said at least one leased property lease expiration date of the sum of the Comp rent as a function of time and the projected other Comp expenses as a function of time, and producing an individual Comp projected total cost;

determining the KSD numbers, KSD functions, plurality of KSD variables, and a relative importance coefficient of each KSD variable for said at least one leased property and set of Comps;

using said leased property KSD number and said Comp KSD numbers to determine which individual comps in said set of associated comps are suitable candidates to substitute for said leased property, thus producing at least one suitability rating or comparison;

displaying at the same time and on the same computerized device display screen, data pertaining to said at least one leased property, along with;

data pertaining to at least one individual Comp in said associated set of comps;

data pertaining to the difference between the at least one leased property projected total cost and the individual Comp projected total cost for at least one individual Comp in said associated set of comps; and

data pertaining to said at least one suitability rating or comparison.

6. The method of claim 5, wherein said projected other leased property expenses or said other Comp expenses comprise individual operating expenses separate and apart from any other operating expense related to that particular Site, and wherein said individual operating expenses may be separately escalated or otherwise adjusted as a function of time.

7. The method of claim 5, wherein said leased property rent as a function of time or said Comp property rent as a function of time may be adjusted for free rent or other landlord rent adjustments as a function of time.

8. The method of claim 5, wherein said display screen further displays a plurality of existing leases on a plurality of leased property at the same time, while also displaying a plurality of data pertaining to the differences between the leased property projected total cost and the individual Comp projected total cost for said plurality of existing leases.

9. The method of claim 5, further using a lease vs purchase calculator to allow the future expenses on an individual property basis for at least one for sale property in said portfolio to be evaluated as if it was a leased property by performing said numeric integration over time.

10. The method of claim 1, wherein at said least one leased property is also characterized by its Capacity or Utilization numbers, further evaluating said at least one leased property by said Capacity number or Utilization number of said leased property, and wherein said Capacity or Utilization information is further displayed on said display screen for all said at least one leased properties displayed on said display screen.

11. The method of claim 10, wherein said Utilization number is at least in part derived from a number of full time employees (FTE) and contractual term employees (CTE) working at said leased property.

12. The method of claim 10, wherein said Utilization number for either said at least one leased property or said Comp property is determined by a cubic or volume Capacity of said leased property or said Comp property.

13. The method of claim 1, wherein said display screen displays at least some data in a graph format, wherein said graph format is a pie graph, bar graph, or other type of graph.

14. The method of claim 1, further used in a computerized method of optimizing a real estate lease portfolio relative to at least one set of Comps comprising comparable potential leases, said real estate portfolio containing at least one leased property comprising at least one existing lease on a leased first property;

wherein said real estate portfolio comprises a plurality of existing leases on a plurality of leased property;

each individual leased property having its own associated set of comps that comprises a plurality of comps; and

said display screen, when displaying data pertaining to only an individual leased property, compares said data only with said individual leased property'"'"'s associated set of comps.

15. The method of claim 1, wherein wherein said display screen further displays a plurality of existing leases on a plurality of leased property at the same time, and wherein said at least one leased property also has a square footage lease value and a lease expiration date;

further defining a specified period of time, and comparing this specified period of time with said at least one leased property said lease expiration date, thereby determining which existing leases are due to expire within said specified period of time;

and further also displaying which existing leases are due to expire within said specified period of time, and the square footage of those said existing leases.

16. The method of claim 1, wherein said at least one leased property is also characterized by its Capacity or Utilization numbers, and wherein each of the plurality of existing leases displayed on said display screen is further evaluated by a Utilization Percentage number of an available Capacity of said leased property or properties, and data pertaining to the sum of said Capacity numbers or Utilization numbers for said plurality of existing leases is displayed on said display screen.

17. The method of claim 1, wherein said computerized device automatically selects either those comps with the KSD numbers above a minimum KSD number, or a specified number of comps with the best available KSD numbers for displaying on said computerized device screen, and automatically suppresses display of non-selected comps.

18. The method of claim 17, wherein said minimum KSD number or specified number of comps is specified by a user of the computerized device.

19. The method of claim 17, further used in a computerized method of optimizing a real estate lease portfolio relative to at least one set of Comps comprising comparable potential leases, said real estate portfolio containing at least one leased property comprising at least one existing lease on a leased first property;

wherein said real estate portfolio further comprises a plurality of existing leases on a plurality of leased property;

each individual leased property having its own associated set of comps that comprises a plurality of comps; and

said display screen, when displaying data pertaining to only an individual leased property, compares said data only with said individual leased property'"'"'s associated set of comps that have KSD numbers above a minimum KSD number or a specified number of comps with the best available KSD numbers.

20. The method of claim 17, wherein said display screen further displays a plurality of existing leases on a plurality of leased property at the same time, while also displaying a plurality of data pertaining to the differences between leased property projected total cost and individual Comp projected total cost for those comps that have KSD numbers above a minimum KSD number or a specified number of comps with the best available KSD numbers for said plurality of existing leases.

21. The method of claim 1, wherein said KSD variables further comprise city or geographic region KSD variables;

further using said city or demographic region KSD variables to choose among a plurality of cities or geographic regions wherein at least said least one second property is located.

22. The method of claim 21, wherein said city or demographic region KSD variables comprise at least one of rental rates, taxes, average wages, cost of living, age demographics, population education demographics, or population skill or trade demographics.

23. The method of claim 1 further determining a location of a plurality of employee residences, and displaying said location of said plurality of employee residences on a map that further shows locations of at least one of said Comps.

24. The method of claim 23, further calculating changes in an average employee commuting time between said plurality of employee residences and said locations of at least one of said Comps.

25. The method of claim 23, further displaying a road map with traffic conditions during peak commuting hours between said plurality of employee residences and said locations of at least one of said Comps.

26. The method of claim 1, wherein said plurality of properties comprises any of a plurality of residential properties and a plurality of commercial properties.

27. A computerized method of comparing a plurality of properties, said method comprising:

using a computer processor to compare a plurality of properties, each said property being a real estate property, each property having unique characteristics that impart a suitability of said property to a potential real estate user, wherein at least some of said properties have differences between said unique characteristics, said potential user comprising any of a potential lessor, purchaser, or broker;

wherein said method further comprises comparing a suitability of a real estate first property to a potential user'"'"'s ideal real estate property and to at least one second property, by using a KSD number generated by a KSD function comprising a plurality of KSD variables, each KSD variable having its own relative importance coefficient, to describe characteristics of the first property and at least one second property;

using a graphical user interface running on a display screen of a computerized device to define a plurality of KSD variables for a potential user'"'"'s ideal version of the property, and assigning the relative importance coefficient for each individual KSD variable in said plurality of KSD variables, thus creating a KSD function that produces a KSD number;

wherein a sum of all of the relative importance coefficients in said plurality of KSD variables is equal to 100% or 1, and wherein said plurality of KSD variables is at least four KSD variables;

using said graphical user interface and said computerized device to assign values to each of said KSD variables that describe the first property and the at least one second property;

using a computer processor running said KSD function to compute KSD numbers that describe the first property and the at least one second property, wherein said KSD numbers have values between 0% and 100% inclusive, or equivalents thereof;

comparing the KSD numbers from the first property or ideal property with the at least one second property, thus producing at least one suitability rating; and

using said graphical user interface to display data pertaining to said at least one suitability rating on said display screen of a computerized device;

wherein said first property and said at least one second properties have map locations;

further obtaining said map locations from a remote server comprising a database of map locations;

further simultaneously displaying said map of a plurality of said locations on at least one map, said map locations juxtaposed to one or more additional data or map locations selected from the group consisting of additional data pertaining to home addresses of employees that work at said first property, or commercial addresses of customers that purchase goods or services from said first property.

28. A computerized method of comparing a plurality of properties, said method comprising:

using a computer processor to compare a plurality of properties, each said property being a real estate property, each property having unique characteristics that impart a suitability of said property to a potential real estate user, wherein at least some of said properties have differences between said unique characteristics, said potential real estate user comprising any of a potential lessor, purchaser or broker;

wherein said method further comprises comparing a suitability of a potential user'"'"'s ideal real estate property to a plurality of properties, by using a KSD number generated by a KSD function comprising a plurality of KSD variables, each KSD variable having its own relative user importance coefficient, to describe characteristics of said ideal real estate property;

wherein said plurality of properties have map locations;

using a graphical user interface running on a display screen of a computerized device to define a plurality of KSD variables for a potential user'"'"'s ideal version of the property, and assigning a relative importance coefficient for each individual KSD variable in said plurality of KSD variables, thus creating a KSD function that produces a KSD number;

wherein a sum of all of said relative importance coefficients in said plurality of KSD variables is equal to 100% or 1, and wherein said plurality of KSD variables is at least four KSD variables;

using said graphical user interface and said computerized device to assign values to each of said KSD variables that describe the ideal real estate property and the plurality of properties;

using a computer processor running said KSD function to compute KSD numbers that describe said ideal real estate property and said plurality of properties, wherein said KSD numbers have values between 0% and 100% inclusive, or equivalents thereof;

comparing the KSD numbers from said ideal real estate property with said plurality of properties, thus producing at least one suitability rating; and

using said graphical user interface to display data pertaining to said at least one suitability rating and at least one map location of any of said plurality of properties on said display screen of a computerized device.