Leaders should not rely solely on their intuition in managing a real estate portfolio because real estate management requires accurate data, synthesized into relevant information, interpreted in the context of corporate and competitive realities. Intuition alone may not provide a comprehensive understanding of the various factors that influence real estate management such as locations, land and building types, utilization and condition of major facilities, lease terms and operating costs, and financial and environmental risks. Therefore, leaders should strive to obtain real estate intelligence and team up with professionals for effective management.
Real estate can be a great addition to an investment portfolio. But as with any investment, it has t...
Download model