82
A. S. Pavesi et al.
assessment levels, on the basis of which the public tender was drawn up and the technical specifications for the selection of the most suitable market subject to perform
this activity.
7 Scenari Immobiliari
8 won the tender.
The complexity of real estate portfolio and information necessary to perform the
evaluation activity required periodic meetings among the parties. The first phases
of research—relating to the analysis of the real estate database—highlighted the
difficulty in tracing and identifying the source of the data, its accuracy and its level
of updating, therefore the correctness of the data stored in relation to the condition
of the asset during this analysis phase.
An in-depth knowledge of real estate portfolio is essential for the correct attribution of market value.
4 Strategies for Optimizing Asset Profitability: From
Administrative Management to a New Efficient
Management Model
The problem faced in the management of real estate portfolios such as ASP is a
problem of choice: every good manager must make decisions orienting them to
managerial choices to maximize added value (Ciaramella 2016).
Considering the characteristics of real estate assets of ASP, the optimization of
profitability derives from two main areas: administrative and operations management (Property and Facility management) and the management model adopted. The
first one requires a system of diversified skills that condition the second one. The
management of rents, monitoring and containment of costs are typically property
manager’s activities and requires technical-administrative and commercial skills.
The planning of maintenance requires technical, project and facility management
skills. The adopted management model is strongly influenced by the professionalism and skills in company workforce and is attributable in part to the so-called Social
Management typical of social housing interventions (Pavesi et al. 2017).
In the case of ASP’ portfolio, a part of management activities is oriented to
safeguarding the profitability of the assets, another part, to managing the main maintenance activities in addition to managing and providing welfare services.
Administrative activity includes management of rents and costs, with the aim to
maximize net operating income and to manage new rentals for vacant spaces, with
the aim to reduce vacancy rate.
7 The writing of call for tender was carried out by Contracts-Service Contracts, services and supplies
under the advice of A. S. Pavesi. In this phase, the ABC group carried out the project management
activity.
8 Scenari Immobiliari | Independent Institute of Studies and Research. www.scenari-immobiliari.it.
A. S. Pavesi et al.
assessment levels, on the basis of which the public tender was drawn up and the technical specifications for the selection of the most suitable market subject to perform
this activity.
7 Scenari Immobiliari
8 won the tender.
The complexity of real estate portfolio and information necessary to perform the
evaluation activity required periodic meetings among the parties. The first phases
of research—relating to the analysis of the real estate database—highlighted the
difficulty in tracing and identifying the source of the data, its accuracy and its level
of updating, therefore the correctness of the data stored in relation to the condition
of the asset during this analysis phase.
An in-depth knowledge of real estate portfolio is essential for the correct attribution of market value.
4 Strategies for Optimizing Asset Profitability: From
Administrative Management to a New Efficient
Management Model
The problem faced in the management of real estate portfolios such as ASP is a
problem of choice: every good manager must make decisions orienting them to
managerial choices to maximize added value (Ciaramella 2016).
Considering the characteristics of real estate assets of ASP, the optimization of
profitability derives from two main areas: administrative and operations management (Property and Facility management) and the management model adopted. The
first one requires a system of diversified skills that condition the second one. The
management of rents, monitoring and containment of costs are typically property
manager’s activities and requires technical-administrative and commercial skills.
The planning of maintenance requires technical, project and facility management
skills. The adopted management model is strongly influenced by the professionalism and skills in company workforce and is attributable in part to the so-called Social
Management typical of social housing interventions (Pavesi et al. 2017).
In the case of ASP’ portfolio, a part of management activities is oriented to
safeguarding the profitability of the assets, another part, to managing the main maintenance activities in addition to managing and providing welfare services.
Administrative activity includes management of rents and costs, with the aim to
maximize net operating income and to manage new rentals for vacant spaces, with
the aim to reduce vacancy rate.
7 The writing of call for tender was carried out by Contracts-Service Contracts, services and supplies
under the advice of A. S. Pavesi. In this phase, the ABC group carried out the project management
activity.
8 Scenari Immobiliari | Independent Institute of Studies and Research. www.scenari-immobiliari.it.