NATIONAL ASSOCIATION OF REAL ESTATE INVESTMENT MANAGERS
22
W
hether you're acquiring, selling
or managing assets, making the
right decisions as an institutional
manager comes down to one thing: timely
and comprehensive data from the assets that
comprise your portfolio(s).
But getting your hands on this data in the
ideal form to work with can be a prodigious
challenge. The good news is that today, this
challenge is being met through portfolio
asset management (PAM) software that
collects, aggregates and delivers the data
to the general partners and limited partners
who need it, in the form they need it.
As with most changes to systemic
processes, there's time and effort involved
in changing the way your organization
assembles data. But the payoff, for those
who have done it, is increasingly clear.
THE DATA SWAMP
The more diverse your portfolio and the
more property management companies
you're dealing with, the more scattered and
inconsistent the data bubbling up from the
field. Many asset managers are dealing
with a variety of property types: multifamily,
senior housing, commercial, hospitality,
etc. They may be spread all over the world,
and managed by numerous property
management companies each with their
own software and reporting systems.
Some institutional limited partners are large
enough that even billions of dollars in real
estate holdings make up only a modest part
of their overall investment portfolios. Often
this leaves four or five managers responsible
GET T I NG P ORT F OL IO DATA
T H E WAY YOU WA N T I T,
WHEN YOU
WANT IT
Portfolio asset management software that collects, aggregates
and delivers property and asset data to institutional asset
managers when and how they need it is helping them spend
less time wrangling data and more creating value.
By Alan James,
SVP Commercial and Investments, RealPage
