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CoreNet DISPATCH: Companies Begin to Evaluate Role of Real Estate Assets

TORONTO-The GSA, for one, intends to move properties offline and focus a portfolio of income-producing assets, according to Cathleen Kronopolus, deputy associate commissioner for real estate portfolio management.

By Maria Wood | Updated on April 19, 2005

Maria Wood is senior editor of Real Estate Forum.

TORONTO-The respective outlooks toward real estate taken by the public and private sectors have switched in recent years. Due to the passage of the Sarbanes-Oxley Act, corporations are taking a closer look at how their real estate assets are used and the transparency with which they report their financials regarding those properties. Meanwhile, the public sector, which is accustomed to strict federal oversight, is taking a more equity return perspective on its portfolio.

That was the gist of an educational seminar, “Real Estate in the Era of Accountability: Public & Private Asset Management Initiatives,” scheduled during CoreNet Global’s Toronto Summit, which was held here from April 17-20. CoreNet is an Atlanta-based network of international corporate real estate executives.

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CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

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