Asset Management was developed to help property managers understand the role an asset manager fills in the commercial real estate world and how a property manager relates to asset management. If you are a facility manager, you will notice that day-to-day management of buildings is linked to property managers throughout this coursebook. In reality, you can interchange the term facility manager with property manager quite frequently.
You will become familiar with how to measure financial performance and perform critical due diligence for both acquisition and disposition of assets. You will also learn the unique challenges of handling troubled real estate owned (REO) properties, as well as how to select and oversee a property management firm.
Upon successful completion of this course, learners will be able to:
Maximize market value for your properties and assets in any economic state
Manage troubled properties for profitable transitions
Recognize and seize opportunities missed by competitors
Build wealth, diversify investment portfolios, and fund returns
Take control of your assets and improve overall operational efficiencies
Key topic areas:
developing an asset management plan, including appropriate resources associated with the current economy • measuring financial and operational objectives, including audits and reasons for them • managing and marketing strategies for retaining and attracting tenants • acquiring, disposing of, and evaluating troubled properties for sound decision making
FMA® and RPA® designations
Chad Williams, MBA
Chief Operating Officer for Goodwin Partners
And BOMA Austin Past President