Development of a Strategy for Managing Real Estate Facilities

Higher Education in Real Estate and Facility Management in Switzerland

Building for a better hospital. Value-adding management & design of healthcare real estate

Building for a better hospital. Value-adding management & design of healthcare real estate

Building for a better hospital. Value-adding management & design of healthcare real estate

Real estate management post-crisis, the arrival of the Anglo-Saxons on the European property markets and the appearance of new professions linked to asset and real estate management has noticeably modified the traditional approach to real estate and the classical methods of real estate expertise and management. Funding of the real estate sector and the internationalization of real estate investments have required the appearance of new management training in real estate finance and management. For the last five years, new training programs more centered on real estate management and finance have seen their development around European countries, at graduate, postgraduate or executive levels, with the creation of new diplomas and the launching of new training programs. This is notably the case in countries like United Kingdom, Germany, France and the Netherlands. However, such initiatives of real estate courses in finance and in management inside MBA programs or Business Schools education are not yet developed in European countries. The aim of this paper is to make a comparative study of the current education in real estate finance and management in the US and non-US MBA programs and to analyse the main reasons of this delay.

This paper presents the outcome-based learning STEM online activities for the robot & real estate and facility management camp (R <sup xmlns:mml="http://www.w3.org/1998/Math/MathML" xmlns:xlink="http://www.w3.org/1999/xlink">2</sup> Camp) in order to develop the soft skills within knowledge management. The main objective is to provide knowledge on the real estate & facility management, the robotics engineering and how to apply robotics application to the real estate management, which can inspire young people to study in the robotics engineering and real estate & facility management. There are two sections of STEM online activities as: 1) Fundamental of real estate management and robotics engineering, 2) Robotics application in the real estate management. Pre-test and Post-test about the both fundamental are used for outcome-based assessment. Results show that learners' outcomes can achieve the basic knowledge by 10.4%.

This research aims at developing a real estate management theory that overarches the different classes of real estate management like e.g. corporate real estate (CRE) management and housing management, who all operate within a specific narrative, apply a particular range of concepts and terminology, and refer in their own way to general theories like asset and portfolio management. These specificities create barriers for communication between the different classes of real estate management and hamper the exchange and development of knowledge in the field, what we consider undesirable. The challenge of developing a broad real estate management theory is to avoid that little more is done than to repeat general management, economic or sociological theories. The aimed broad real estate management theory should approximate the concreteness of the specific theories and cover their core, while still being relevant for practice, research and education. For this research, real estate management is considered the ongoing process of aligning the built environment and the needs of users, which happens at all scales of the built environment, for all types of users, and for all real estate aspects such as location, cost, function, time and quality. Based on this definition, the research will addresses three components: demand side, supply side and the delivery models that coordinate both sides. The research on the side of the real estate demander searches for similarities and differences between e.g. the way the demander is organised internally, the real estate procurement is executed, what is outsourced and why, what performance criteria are used, how financial markets are accessed. The research on the side of the supplier of the built environment may address topics like e.g. what is the relation of the supplier with the user, what drives production, what are context constraints, what is the status of the sustainability discourse. The search for similarities and differences in the delivery may address e.g. what models are in place, what types of institutions operate in this delivery, who intervenes in this alignment and why, what is the nature of the markets, what is the role of state intervention, what type of alignment is searched for, what performance criteria are used. The comparison of different classes of real estate management may reveal e.g.: that theories on CRE management subsequently position the CRE management department inside the user’s organisation boundary, whereas theories on housing management position this group most often outside the households’ boundary; that current practices in CRE and housing management both strive after a portfolio of conventional assets and keep away from the representative objects like monuments; that there is a trend that households want to be more involved and co-producing their house than before and thereto want to bypass the current institutional setting (sort of insourcing, self-production), whereas within organisations the trend has been for decades to less involve in the management of their accommodation and to rely on the possibilities offered by the CRE and related services market, although since a few years in-sourcing and self-provision seem to be revalued; that there is recent trend that private companies engage in the delivery of housing for their employees to deal with failing housing markets like they did in the beginning of the 20th century, and that households are re-initiating work at home, for which they need a different type of dwelling; both types of users seem to breach the institutionalised division of actors by real estate function installed for almost a century. This type of observations – and many more and of very different natures – trigger an explanation of causes and mechanisms, and together with the main theories used in the different classes of real estate management (Pestoff, 1993; Brandsen et al., 2005; Henderson & Venkatraman, 1993;…) they are the basis for building the aimed broad real estate management theory. In concreto the research method consists of theory design, academic literature study and interviews with academics.

The textbook examines the legal and financial aspects of the economy and real estate management, market analysis, real estate, investing (including project financing) and mortgage lending; the essence of development; principles and approaches to effective management of modern real estate, and also questions of technical exploitation and safety of buildings; current issues of taxation of real estate; methods of valuation of real estate. Meets the requirements of Federal state educational standards of higher education of the last generation. Designed for undergraduate students enrolled in fields of study 38.03.01 "Economics" (profile "Economics and management of real estate and investments", "Economy and property management") and 38.03.02 "Management" (specialization "Management of real estate"), as well as for students of other specialties, post-graduate students, teachers, beginners appraisers, analysts, specialists in consulting and a wide range of readers interested in the status and development prospects of the real estate market.

Currently, the use of information technology is becoming more widespread, especially in the field of real estate management, which plays an important role. Real estate management occupies an important place in the real estate industry, and it is especially important to strengthen the work on real estate management. As an important way to improve the level of real estate manage information technology not only reduces errors in meter readings, calculations, collection, billing, etc. but it also facilitates communication between different departments and improves the quality of real estate management services. Next, we will first understand the role of information technology in real estate management, then consider existing problems and solutions in real estate management, and finally discuss the application and implementation of real estate information management.

Public real estate resource – A burden or a source of income? A study of municipal land management in Poland

Real estate and land management are characterised by a complex, elaborate combination of technical, regulatory and governmental factors. In Europe, Public Administrators must address the complex decision-making problems that need to be resolved, while also acting in consideration of the expectations of the different stakeholders involved in settlement transformation. In complex situations (e.g., with different aspects to be considered and multilevel actors involved), decision-making processes are often used to solve multidisciplinary and multidimensional analyses, which support the choices of those who are making the decision. Multi-Criteria Decision Analysis (MCDA) methods are included among the examination and evaluation techniques considered useful by the European Community. Such analyses and techniques are performed using methods, which aim to reach a synthesis of the various forms of input data needed to define decision-making problems of a similar complexity. Thus, one or more of the conclusions reached allow for informed, well thought-out, strategic decisions. According to the technical literature on MCDA, numerous methods are applicable in different decision-making situations, however, advice for selecting the most appropriate for the specific field of application and problem have not been thoroughly investigated. In land and real estate management, numerous queries regarding evaluations often arise. In brief, the objective of this paper is to outline a procedure with which to select the method best suited to the specific queries of evaluation, which commonly arise while addressing decision-making problems. In particular issues of land and real estate management, representing the so-called “settlement sector”. The procedure will follow a theoretical-methodological approach by formulating a taxonomy of the endogenous and exogenous variables of the multi-criteria analysis methods.

Within the municipal boundaries, municipalities themselves are usually the largest real estate owners and managers. Such significant amount of real estate property could be expected to be professionally managed; however, the situation is different. According to the latest publications, only about 25% of major European cities are able to follow the quantity and value of their real estate portfolios. The Lithuanian Free Market Institute has recently introduced its first Index of Municipalities in Lithuania and states that none of the Lithuanian municipalities has developed its real estate management strategy. This paper reviews the scientific research on municipal real estate management and analyses the system of real estate management in Lithuanian municipalities. The authors of the paper collaborated with the Association of Local Authorities in Lithuania as well as the representatives of municipalities, and together they identified the main problems of real estate management. On the basis of real estate management research and practice within Lithuanian municipalities the authors of the paper present a brand new model which would help to manage municipal real estate effectively by taking into account the priorities of strategic economic and social development tendencies of the region.

This paper addresses the application value of a methodology that uses an organization-centered Accommodation-Choice Model (AC-Model) for improving the match between user-requirements and organizational objectives with accommodation and/or real estate (Voordt et al., 2011).The study was performed with 150 2nd-year students during the 2012-2013 / 2013-2014 Corporate Real Estate Management (CREM) curriculum of the Academy for International Real Estate and Facility Management (IREFM) at the NHTV University of Applied Sciences in Breda, The Netherlands. Objectives of the study were: (i) introduce student-professionals to the concept of using a process model for supporting evidence-based decision-making in real estate and property management, (ii) create am awareness and in-depth understanding of the relationships between organizational ambitions and conceptual decision-making, and (iii) assess differences in take-up and application between compulsory and recommended use of the process model in problem-based learning. The methodological approach focused on applying the process model to real-life case studies where new workplace concepts have been introduced. In the 2012-2013 academic year the application of the model was a mandatory component of analyzing 6 different case study work environments, while the 2013-2014 academic year theme assignment whereby students were asked to analyze the functional optimization or transformation of existing vacant office buildings, only recommended the use of the model. In executing their assignments, groups were asked to structure the execution and outcomes of their assignments according to the process model steps.The main outcomes of the study indicate (i) the applicability of the AC-Model as a central structuring element in identifying and documenting organizational ambitions / intentions and the related conceptual choices in workplace change, (ii) the benefits of interactive learning through active application of the process model, and (iii) the added value thereof in creating and increased level of awareness and professionalism amongst students in terms of evidence-based decision-making on organizational accommodation. This research brings originality to the topic of CREM-education through the application of a decision-making support model as value-adding methodology in supporting conceptual decision-making on issues related to real estate and accommodation based on organizational goals and ambitions.

Real estate management activities evolved with the development of the real estate industry, the needs of property investors and general changes in the market environment. Today, these activities require a comprehensive approach on the one hand, but on the other, are more and more specialized. The paper presents an integrated view of real estate management on the example of a multidimensional basic concept of real estate management developed under German market conditions. Detailed analysis of this concept was preceded by a review of approaches to real estate management made on the basis of literature and own research. It was on this basis that opportunities and application fields of the integrated model of real estate management in Polish market conditions were characterized. The presented concept can be used both as a raster to harmonize real estate management activities and tasks in business practice, as well as a classification scheme for the evaluation of scientific research. This concept is an important step on the way to structuring and organizing real estate management as a professional service according to the indications of management science.

The lifecycle concept in real estate management is of increasing relevance to owners and users. Especially through public procurement routes such as Public Private Partnerships lifecycle management gets into the focus during project development. But there is also an uncertainty about the efficiency gains through lifecycle management. The aim of this paper is to compare different lifecycle concepts in research literature and to analyse the perception of lifecycle concepts, strategies and instruments in public real estate management. For this investigation a written questionnaire was sent out via email to over 1000 interviews. The target group comprised real estate mangers from cities and districts as well as on federal level from universities and public real estate companies . The results of the study show that awareness of life cycle management is generally present amongst public real estate owners and managers. Although most of the lifecycle management instruments are well known, they are rarely applied in practice. Conclusions of this paper show where the lifecycle concept in real estate management is appropriate and how more value for the different stakeholders by applying lifecycle management can be retrieved.