![]() Are they able to provide advanced lease analysis that helps owners structure lease with the best financial outcomes?.Do they hold multiple accreditations and are they competing against other property managers through awards like the BOMA TOBY awards?.Is your management team able to benchmark your asset against its peers in the NCREIF ODCE index or NAREIT?.The truth is, the best property managers act like asset mangers. This allows both private and institutional owners to see how good of operators they really are and also helps tell a good story when raising future funds. Our firm, Ciminelli Real Estate Services, has developed a model that allows private owners to track their returns quarterly and benchmark them against their peers within the ODCE index. Typically it’s the Open end Diversified Core Equity index (or ODCE) for short. Large, institutional investors use one of the many NCREIF (or National Council of Real Estate Investment Fiduciaries) indexes. Public REIT’s typically benchmark to the NAREIT index which is a group of publicly traded REIT’s. In commercial real estate that’s a bit trickier. If you’re not benchmarking your returns, how do you know how well your asset is performing against its peers? Benchmarking simply means comparing the returns of your investment to another broader index or investment. For example, did your brokers stock picks beat the S&P 500 last year? The Dow Jones Industrial Averages?
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |