Real Estate Performance
Definition : Real Estate Performance
Why would you want to measure real estate performance?
Depending on structure and size of an organisation the measurement of real estate performance can take place at various levels and can then be consolidated upwards. This could be from property to location to portfolio, for example.Performance Measurement of service providers is important: the Asset Manager, Property Manager, or Fund Manager can all influence the performance of the property.
For effective performance measurements to be recorded, targets of the asset need to be clearly defined, with relevant KPI’s set. Targets are best set by looking at data actuals, data from comparable (performing) properties and/or property benchmarks available in the market. The measurement then includes the targets against their set values and the defined factors like tenant turnover, tenant arrears, etc.
All of these performance measurements (indicators) are then mapped against their targets in a report or graph which will show the decision maker at one glance where the performance meets the targets or better and where attention is required. These charts are produced at every level where measurement takes place and can be consolidated upwards: A graph for each property, each location, each manager or the entire portfolio.
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Other definitions from the Glossary:
- Asset management company
- Asset management software
- Asset manager
- Fund management
- Fund management company
- Fund modelling software
- Property Management
- Property manager
- Real Estate Asset Management (or Asset management)
- Real Estate Financial modelling
- Real Estate Fund Manager
- Real Estate Funds
- Real Estate Investor
- Real Estate Performance
- Risk Management
- Risk management software
Taliance Ltd
Southbridge House | Southbridge PlaceCroydon Surrey CR0 4HA
United Kingdom
Phone: +44 (0) 208 240 4499
