What Do Asset Managers Want?

“What Do Asset Managers Want?”
Commercial Property Executive – Oct 2, 2018

Asset managers and property managers have long acknowledged the blurring of lines between the two allied professions. At the Institute of Real Estate Management’s Global Summit in Hollywood, Fla., a trio of experts explored one crucial facet of that issue: how property managers can add value for their colleagues in asset management. A dozen recommendations for how property managers can create value emerged from a national study of asset managers conducted by Virginia Tech and sponsored by IREM. “Asset managers are looking for property managers to understand the investor’s strategy,” stated Dustin Read, an associate professor of property management and real estate at the college. “Half the folks we talked to said, ‘They don’t know our strategy and they’re not asking.’”