Performance Management Framework for Real Estate Assets
Key Objectives
- Develop an in depth understanding of the value generated through real estate assets through an holistic set of objective criteria
- Estimate real value generated whether that is explicit (and thus reflected on financial statements) or implicit (real value not objectively measured and must be estimated otherwise)
- Compare performance to benchmarks and gauge opportunity cost of current management
- Identify opportunity to improve RE asset management and yield
Our Approach
- Identified key areas that covered the entirety of RE performance across all assets, companies, funds
- Identified and defined KPI’s for each area in a holistic and non-overlapping manner
- Prepared a report that consolidated all above metrics – along with forecast, budget, historical performance, and benchmarks where available – with various queries (location, company, timeframe etc.) across all areas
- Automated quarterly report update on excel using reports and data exports already in place with virtually zero manual work.
Impact for our Client
- Consolidated all RE related information into a single, dynamic, and consistent report
