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Asset management
encompasses a wide range of activities, but can be simply defined
as the process of adding value to real estate investments. Real
estate profits are created in four basic ways: buying extremely
well, financing in the most favorable manner, operating a property
to maximize annual income, and selling at the right time. The asset
manager oversees all of this activity on behalf of individual or
institutional owners
The key functions
of asset management are outlined below:
- Portfolio
Administration
- Investment
Analysis
- Acquisition
Review
- Performance
Monitoring
- Retenanting/Rehabilitation
- Peripheral
Development
- Refinancing
- Restructuring
Ownership
- Disposition
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