Asset, Property, and Project Management
Real Estate as an Investment Asset
Individuals, private companies, corporations and governments sometimes purchase real estate as an investment strategy. Real property can be bought, improved and resold for profit. Other times, it can be partitioned and rented or leased out.
Our valuation and management services enable you to make decisions about which properties to keep, which to divest, and how to best use funds to acquire other property and improve existing ones. Using technology and best practices, Carter-Hazel effectively manages assets over their entire life cycles, improving operational efficiency, and reducing costs.
We’re proud to offer our clients expert professionals to perform a full suite of comprehensive asset management services:
Capital project management
Space planning and management
A Simple Approach to Complex Challenges
Goals of Real Estate Asset Management
The broad objective of asset management is to maximize property value and investment returns. This means reducing expenditures when possible, finding the most consistent and highest sources of revenue, and mitigating liability and risk, among other things. Many of the decisions made in real estate asset management, such as negotiations, approvals and lease analysis, require risks be assumed and forecasts made in a timely manner to maximize the potential of the moment.
Our managers and support personnel partner with you to create affordable, workable, and viable solutions. Our experienced team members include a range of professionals who know how to create the solutions you need, from real property subject-matter experts, using comprehensive and insightful solutions and services.
The purpose of asset management, whether with real estate or any other asset, is to cultivate market value so ownership can increase its returns. Real estate asset managers focus on maximizing a property's value for investment purposes – not to be confused with real estate property managers, who handle the day-to-day activities related to a property's operations and physical structure.
Property management is the operation, control, and oversight of real estate as used in its most broad terms. Management indicates a need to be cared for, monitored and accountability given for its useful life and condition. This is much akin to the role of management in any business. Ensuring that your property is managed as efficently as possible is our highest priority. We know that in real estate, time is of the essence, and we acknowledge and embrace the responsibility we have as it pertains to your property.
Project management is the discipline of initiating, planning, executing, controlling, and closing the work of a team to achieve specific goals and meet specific success criteria. We are well prepared to assist in the development and management of your next project.
5 Basic Phases of Project Management
Project Management Institute, Inc. (PMI) defines project management as "the application of knowledge, skills, tools and techniques to a broad range of activities in order to meet the requirements of a particular project." The process of directing and controlling a project from start to finish may be further divided into 5 basic phases:
1. Project conception and initiation
An idea for a project will be carefully examined to determine whether or not it benefits the organization. During this phase, a decision making team will identify if the project can realistically be completed.
2. Project definition and planning
A project plan, project charter and/or project scope may be put in writing, outlining the work to be performed. During this phase, a team should prioritize the project, calculate a budget and schedule, and determine what resources are needed.
3. Project launch or execution
Resources' tasks are distributed and teams are informed of responsibilities. This is a good time to bring up important project related information.
4. Project performance and control
Project managers will compare project status and progress to the actual plan, as resources perform the scheduled work. During this phase, project managers may need to adjust schedules or do what is necessary to keep the project on track.
5. Project close
After project tasks are completed and the client has approved the outcome, an evaluation is necessary to highlight project success and/or learn from project history.
We provide our clients with world-class recordkeeping, maintenance, cost control, usability, and performance tracking. With our proven processes and systems, we set the standard in management. Allow us to exceed your expectations!