Managing Real Estate Investments: A Review of International Concepts and Definitions

15 Pages Posted: 29 May 2009

See all articles by Franz Fuerst

Franz Fuerst

University of Cambridge - Department of Land Economy; University of Melbourne; City University of New York - Center for Urban Research

Date Written: January 10, 2009

Abstract

Despite its evident importance for a profitable investment in real estate, there are no clear-cut definitions of management tasks in real estate to date. This article reviews the existing definitions and attempts to develop a unified framework that integrates the disparate definitions in an international perspective. It sets out to describe the scope of real estate management tasks by drawing together evidence from both academic studies and current industry standards and practices in an international perspective. The reviewed concepts include real estate portfolio management, real estate investment management, real estate asset management corporate, private and public REM, facility management as well as property management.

Keywords: Real Estate Investment Management, Portfolio Management, International Real Estate

JEL Classification: R33, M19

Suggested Citation

Fuerst, Franz, Managing Real Estate Investments: A Review of International Concepts and Definitions (January 10, 2009). Available at SSRN: https://ssrn.com/abstract=1411616 or http://dx.doi.org/10.2139/ssrn.1411616

Franz Fuerst (Contact Author)

University of Cambridge - Department of Land Economy ( email )

19 Silver Street
Cambridge, CB3 9EP
United Kingdom

HOME PAGE: http://www.landecon.cam.ac.uk/directory/dr-franz-fuerst

University of Melbourne ( email )

185 Pelham Street
Carlton, Victoria 3053
Australia

City University of New York - Center for Urban Research

CUNY The Graduate Center
New York, NY 10011
United States

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