The purpose of asset management in real estate is ultimately to cultivate market value to increase return on investment.
Real estate asset managers focus on maximising value for investment purposes, whilst mitigating risks and promoting valuable improvements.
Diversification is important in real estate investments and a very large role of asset managers, consists of market research, data analysis and revenue forecasting.
Asset managers also structure leases and rental agreements in ways that attract tenants, provide flexibility, reduce vacancy and limit exposure to liability.
Asset Managers specialise in:
- financial matters and apportion resources strategically to avoid negative impact on a property portfolio,
- maximising property value and investment returns
- reducing expenditure where possible
- finding consistent and highest sources of revenue
- mitigating liability and risk
- negotiate, approve and analyse lease agreements
- revenue and profit forecasting
- Facilities management ( managing the property managers)
- Property accounting
- Valuation, market research & advisory
- Transaction management and strategic portfolio review
- Complex transactions
- Development feasibility reports and cost benefit analysis
- Market sounding & analysis
- Community & stakeholder engagement
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