What is real estate asset management?

Real estate asset management focuses on improving and maintaining a property's condition to increase its market value. This involves renovations, upgrades, and effective maintenance plans. Additionally, the value can be enhanced by repositioning the property in the market or improving its reputation among potential tenants.

What is property asset management?

With regular asset management, organizations track every asset that belongs to the company. This includes both tangible assets, like vehicles, and intangible assets, like software. Property asset management is all about managing an organization’s physical property that it uses to keep the business running.

Why is real estate asset management important?

Real estate asset management concerns itself with mitigating risks and promoting valuable improvements. It also navigates the complex legal and tax rules governing investment property in the United States. Diversification is important in real estate investments just as in traditional capital market investments.