Removing the Mystery From Asset Management

NEW YORK CITY—Asset management could use demystifying. Its role in commercial real estate is vital, yet the practice is still met with confusion or uncertainty, which in turn impacts communication across and recruitment in the sector. Understanding what exactly is involved, however, can help clarify the relationship between asset managers and property managers, and improve communication and understanding between the different parties. That’s the argument from Dustin Read, PhD/JD, whose recent publication for IREM Real Estate Management: A Process and a Profession, looks to take away the mystery. It is based on interviews with over 90 top executives working in asset management or in conjunction with asset managers.

The views expressed here are drawn directly from the text, and are the author’s own: