Lisa StanleyORLANDO, FL–OSCRE International, a consortium for the development of real estate standards, has introduced a revised version of its approach to reference data model as well as new tools for the collection and exchange of data in real estate transactions. The standards focus on core real estate functions such as lease management and portfolio information exchange and also feature 90 specific use cases that describe what the data model contains and how schemas can be extracted, the organization says.
The format is more user friendly — a more holistic approach, Lisa Stanley, CEO of OSCRE, tells GlobeSt.com. “Increasingly people are working with a broader range of vendors and businesses partners, so having a more holistic approach enables that information to be exchanged more readily between the company and the vendor and also from vendor to vendor.”
One notable difference in this approach compared with the previous version of OSCRE standards is the ability to highlight areas that the user should look at and conveys how they relate to one another, she says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
