Risk Mitigation
Amongst our major risk mitigation strategies are:
Diversification:
FUNO's tenants come from all sectors, our properties are located countrywide and our portfolio includes commercial, industrial, office and mixed use real estate; which has allowed us to maintain stability and business continuity.
Constant and reliant tenant communication:
we strive to offer our tenants quality properties and top-notch service. Our organization has ranked amongst the best REIT’s worldwide, due to our service and close relationships.
Centralized supplier process:
A collegiate board revises every new contract, from new tenant proposals to other income services (parking, marketing, etc.) regardless of size, income, GLA, location or client to prevent risks with possible tenants and provide better services.
FUNO's operations, culture and organizational chart, has been designed to prevent and mitigate risks. We relish in our open-door culture and the way our offices have been designed, which promote collaboration amongst employees.
These eases immediate communication amongst areas to effectively solve problems in case of emergencies.
Risk management in our operations is performed in a matrixial style, with particular characteristics for every property, operation and activity. In order to ensure integral risk management for particular cases, we’ve set up multidisciplinary teams which incorporate experience, technical and operational knowledge from different departments, such as: maintenance, architecture and design, acquisitions, finance, law, marketing, tenant coordination, management, collection, human resources and if needed external experts.
In addition, we strive to empower our employees with the right set of tools; to identify, communicate and react in case of operational risks and other emergencies:
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Our operational manuals are continuously updated; including operational risks and important processes, as well as proper response mechanisms to each.
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Ethics line or grievance mechanism, is anonymous and available for any internal or external stakeholder.
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Open door policy with the entire executive team.
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Monthly property assessments and monitoring.
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Property management through exception.