Product Description
By Dustin Read, PhD/JD
Asset management is critically important to the success of many large real estate investors, yet it is often poorly understood by those working outside the field. This report addresses existing knowledge gaps by summarizing the results of more than 90 interviews conducted with real estate practitioners familiar with asset management as both a process and as a profession. The research results offer answers to the following three questions:
- What are the roles, responsibilities, and requirements of real estate asset managers?
- What education, training, and skills tend to contribute to long-run success in the industry?
- How do real estate investment companies source and develop asset management talent?
This report offers new insights into the roles, responsibilities, and requirements of asset managers working in different types of real estate companies. It also presents a typology that can be used to better understand alternative approaches to asset management and a discussion of the factors that frequently contribute to an individual’s success in the field. The analysis is intended to serve as a means of stimulating conversation about the relationship between asset and property management, as well as the steps that can be taken to support the ongoing growth and development of asset management as an attractive and rewarding career option.
IREM’s Real Estate Asset Management Initiative explores the points of connectivity between the property management and the asset management professions, as well as ways to help individuals working in both fields collaborate more effectively.
Copyright: 2017
Format: Soft cover; 64 pages
ISBN: 978-1-57203-251-4