Help companies manage change, drive financial and operational excellence, and accelerate value creation
Josh Herrenkohl Joins Group to Lead Real Estate Business Transformation Practice
WASHINGTON, Sep 16, 2020 (GLOBE NEWSWIRE) – FTI Consulting, Inc. (NYSE: FCN) today announced that its Real estate solutions industry practice introduced real estate Business transformation offers owners and users of real estate a new service offering to help businesses better manage the rapid changes occurring in the real estate industry. Josh herrenkohl joined FTI Consulting as Senior Managing Director and Real Estate Business Transformation Leader.
FTI Consulting’s Real Estate Business Transformation practice helps organizations navigate a changing business environment characterized by significant and rapid disruption. The Business Transformation practice, which includes technology and operations services, data analysis and management services, managed financial reporting and accounting services, and corporate real estate strategy services, works with organizations to help them adapt, prosper and seize new opportunities in a highly competitive environment. .
Jahn S. Brodwin, senior managing director and co-leader of Strategic and transactional advice group within the real estate solutions industry practice at FTI Consulting, said, “Our new business transformation offering will meet the needs of real estate owners and investors, as well as the needs of business users of commercial real estate. , industrial, commercial and hotelier. No one would say that the current environment is not characterized by disruption and change, but we expect the real estate industry to experience significant disruption and transformation for years to come. In addition, users of real estate in many industries will continue to face changes triggered by factors such as transaction activity at the asset level; mergers and acquisitions of companies; cost reduction induced by restructuring and insolvency events; changing demographics, consumer tastes and demands of office workers, and the advent of technological advances related to real estate. Under Josh’s leadership, our Business Transformation team will provide the much sought-after expert advice and real estate industry know-how to help businesses stay nimble and strategically navigate changing terrain.
With nearly 25 years of experience in the consulting industry, including over 15 years in the real estate industry, Mr. Herrenkohl has extensive experience in the areas of business and digital transformation, analytics, outsourcing and technology, as well as a diverse international and cultural background, having worked with clients around the world. Specifically, he is an authority on cost reduction, risk mitigation, strategy and technology and advises businesses, public sector organizations, real estate private equity funds, REITs, operators, developers and institutional investors on operational improvement services.
Well known in global real estate circles for his leadership, deep industry relationships and industry knowledge, especially in the real estate technology arena, Mr. Herrenkohl said: “Real estate companies are watching change as never before and have responded by implementing cutting edge technologies to drive efficiency, improve results and gain competitive advantage. They are looking for ways to meaningfully leverage data to transform their business. At the same time, they are striving to focus more and more on their core business, which is generating returns on investment for stakeholders, by partnering with third parties to perform functions that they consider to be. not essential to their strategy and brand.
“In addition, companies using real estate are looking to transform their real estate function by making better use of their very large spending in this area, but also seeking to derive more and more value from this strategic asset. FTI Consulting’s Real Estate Business Transformation practice was introduced to meet the myriad of needs of owners and investors, as well as users of commercial real estate, ”added Mr. Herrenkohl.
Mr. Herrenkohl joins FTI Consulting after working at EY, where he was Global Real Estate Consulting Leader. Prior to EY, he held positions at Capgemini.
Mr. Herrenkohl holds a BA from the University of Miami and has completed EY’s leadership programs at London Business School and Harvard Business School. He is a Certified Project Management Professional from the Project Management Institute.
“We couldn’t be more thrilled that Josh has joined our Real Estate Solutions team. His experience, thought leadership, proven track record and leadership teams will contribute to the continued growth of our specialist practice and industry leadership, ”said Ingrid Person, a senior managing director and co-leader of the strategic and transactional advisory group within the real estate solutions industry practice at FTI Consulting.
About FTI’s Real Estate Consulting Solutions Industry Practice
The professionals at FTI Consulting Real Estate Solutions have the industry expertise and experience to help real estate owners, users, investors and lenders better navigate the complexities of the market and manage its inherent risks. As impartial and independent advisers, FTI Consulting represents key public and private real estate entities and stakeholders, including REITs, financial institutions, investment banks, opportunity funds, insurance companies, hedge funds, retirement advisers and owners / developers, offering real estate advisory services that help align strategy with business goals.
About FTI Consulting
FTI Consulting, Inc. is a global business consulting firm dedicated to helping organizations manage change, mitigate risk, and resolve disputes: financial, legal, operational, policy and regulatory, reputation and transactional. With more than 5,800 employees in 27 countries, FTI Consulting professionals work closely with clients to anticipate, inform and overcome complex business challenges and make the most of opportunities. The Company generated sales of $ 2.35 billion in fiscal 2019. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
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