Real estate Asset and Portfolio Managers have the responsibility of maximizing the performance and value of the company's portfolio of real estate assets that are owned and/or managed through acquisitions, dispositions, or operations. They are responsible for formulating and implementing a long-range real estate asset management and/or fund management strategy. While Asset Managers typically focus on a single property type, e.g. office properties, within the company's real estate investment portfolio, Portfolio Managers would be responsible for all the product types within the fund, which may include office, retail, and multi-family.
Information on this page provided courtesy of Cornell University Baker Program in Real Estate
College Degree in Business or Finance; Advanced degree preferable
AAMS: Accredited Asset Management Specialist designation awarded by the College for Financial Planning
CCIM: Certified Commercial Investment Manager designation awarded by the Commercial Investment Real Estate Institute
CIMA: Certified Investment Management Analyst designation offered by the Investment Management Consultants Association
CIS: Certified Investment Specialist designation offered by the Investment Management Consultants Association
Effective Oral and Written Communication
Looking to the Future
Opportunities will be abundant in the future for Asset and Portfolio Managers. With less new development projects in the mix, investment owners will be more focused on increasing the profitability of their existing assets and will turn to Asset and Portfolio Managers to make it happen. Demand for employees with the ability to maximize property/portfolio performance, i.e. Asset and Portfolio Managers, will increase sharply in the coming months and years due to the ever changing real estate market. Even as acquisitions increase, asset managers will be involved in the due diligence process as owners are more focused on operating performance.
Top Real Estate Portfolio Management & Asset Management Companies