Development of an Asset Plan for New Acquisitions and Existing Properties

    In an industry that requires careful management of physical property operations, personnel, and finances, an asset plan provides the necessary direction for successful real estate management. The asset plan is designed following an in-depth analysis of the property and its position in the market. It implements the owner’s objectives in the property’s management, and it is typically developed within 60 to 90 days of a property acquisition. An asset plan may also be developed when a property is transitioned from one asset manager or asset management company to another, or on an annual basis, as a part of the ongoing management of an already-owned property.  Read the full article from FMLink

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