07/17/2025
11 am PT / 12 pm MT / 1 pm CT / 2 pm ET
*approximate length: 45 minutes to 1 hour
Presenter: James Scott, Lead Researcher, MITS Real Estate Innovation Lab
Digital twin technology is revolutionizing the property management industry by enabling dynamic virtual models of buildings and infrastructure, which allow for real-time monitoring, predictive maintenance, and data-driven optimization. These innovations are helping property managers achieve greater operational efficiency, cost savings, and improved tenant experiences.
Please join James Scott of the MIT Center for Real Estate as he explores the latest advancements in digital twin technology, its growing impact on the property sector, and the range of solutions now available to professionals.
Learning Objectives:
- Learn how digital twin technology is enhancing operational efficiency and reducing costs in property management.
- Understand the impact of digital twins on tenant satisfaction and building performance.
- Explore leading digital twin solutions and their practical applications in the property sector.
James Scott, who is working with IREM as Technology Innovator-in-Residence, is Lead Researcher for the MIT Real Estate Innovation Lab (REIL). REIL merges MIT’s school of real estate with its technological capabilities to create an innovative real estate tech research platform. Among other projects at REIL, Scott has been responsible for creating a global database of all real estate-oriented technology companies, and has identified over 1,800, with that number continuing to rise. His experience with this project further validates the impact of technology on the world of real estate. As Innovator-in-Residence at IREM, Scott’s goal is to identify innovations that can help IREM members operate their buildings more efficiently, improve their properties’ competitive positioning, and better serve tenants and clients.