PROPERTY MANAGEMENT VS. ASSET MANAGEMENT
Cheryl Gray is senior vice president at BentallCapital in Toronto.
The split wasn't quite as wide as one would hope, but itis at least weighted toward the proper side. Some 57% ofrespondents to last week's Feedback Poll claim that their shops seethe ultimately profitable connection that exists betweenasset-management and property-management functions, with 43%stating that a disconnect exists between the two. Needless to say,a service provider can't fulfill his mission to maximize abuilding's near- and long-term performance if all parties up totheir elbows in the success of that asset aren't talking.Commentator Gray sheds some light on the often tenuous balance thatexists therein.
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John Salustri
John Salustri has covered the commercial real estate industry for nearly 25 years. He was the founding editor of GlobeSt.com, and is a four-time recipient of the Excellence in Journalism award from the National Association of Real Estate Editors.
