In our daily life, almost everybody owns a portfolio of assets. This portfolio could contain real assets such as a car, or a house as well as financial assets such as stocks, bonds or real estate.
The German real estate market is influenced by the activity of the Anglo-Saxon investors and so the word asset management becomes more and more famous.
This paper deals with the important real estate asset management strategies, such as life cycle costs, redevelopment, Markowitz-Theory and diversification and sale and lease-back. They will all be explained and especially the redevelopment supported by some practical examples. Also there is a small overview about what assets could be and how important real estate in this context is.
Today the topic asset management and its strategies are very important, because it becomes in the course of the professionalizing of the real estate management a basic instrument.
The process of finding the right strategies, like the methods according to McKinsey or the Boston Consulting Group won’t be mentioned or explained. Otherwise it would extend the scope of this work.
In the last part follows a short summary and a closing conclusion.
Inhaltsverzeichnis (Table of Contents)
- 1. Introduction
- 2. Fundamentals
- 2.1 Definition Asset Management
- 2.2 Definition Strategy
- 3. Overview of Assets
- 3.1 Stocks
- 3.2 Options
- 3.3 Bonds
- 3.4 Real Estate
- 4. Real Estate Asset Management Strategies
- 4.1 Definition of Real Estate Asset Management
- 4.2 Life Cycle Costs
- 4.2.1 Potential of Redevelopment
- 4.2.2 Is there a typical market for redevelopment?
- 4.2.3 What causes redevelopment?
- 4.2.4 Examples
- 4.2.5 example Resolution GmbH
- 4.3 Markowitz-Theory and Diversification
- 4.4 Sale and lease-back
- 4.4.1 Finance lease
- 4.4.2 Operating leasing
- 5. Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This seminar paper aims to explore key real estate asset management strategies within the context of a growing influence from Anglo-Saxon investors in the German market. The paper focuses specifically on strategies relevant to real estate, providing definitions, explanations, and practical examples.
- Definition and application of asset management principles in real estate.
- Analysis of various real estate asset management strategies.
- Examination of the life cycle costs and redevelopment potential of real estate assets.
- Discussion of portfolio diversification strategies using the Markowitz theory.
- Exploration of sale and lease-back strategies in real estate.
Zusammenfassung der Kapitel (Chapter Summaries)
1. Introduction: This introductory chapter sets the stage by highlighting the ubiquitous nature of personal asset portfolios, encompassing both real and financial assets. It emphasizes the increasing prominence of asset management in the German real estate market due to the influence of Anglo-Saxon investors. The paper's scope is defined, focusing on key real estate asset management strategies such as life cycle costs, redevelopment, the Markowitz theory, diversification, and sale-and-lease-back. The chapter establishes the importance of asset management strategies as a fundamental instrument in the professionalization of real estate management and briefly outlines the paper's structure.
2. Fundamentals: This chapter provides essential definitions for asset management and strategy. It traces the development of "Asset Management" in the real estate sector, noting its emergence in the late 1960s as institutional investors recognized the inadequacy of existing management services. The chapter offers several definitions of asset management, highlighting the process of maximizing value from acquisition to disposition while aligning with owner objectives. It also introduces the concept of "Real Estate Investment Management" as part of a broader capital management framework, encompassing various asset categories.
3. Overview of Assets: This chapter provides a brief overview of different asset classes, including stocks, options, bonds, and real estate. While details on each asset class are limited, its inclusion serves as a foundational element for understanding the broader context of asset management strategies, emphasizing the crucial role of real estate within this context.
4. Real Estate Asset Management Strategies: This chapter delves into the core strategies of real estate asset management. It defines real estate asset management and explores life cycle costs, focusing on redevelopment as a crucial aspect. The chapter examines the potential of redevelopment, exploring market conditions and causative factors. Practical examples are given, including an analysis of a specific case study. Additionally, the chapter discusses the application of Markowitz theory and diversification strategies for real estate investors, followed by an examination of sale and lease-back strategies, including finance and operating leasing.
Schlüsselwörter (Keywords)
Asset Management, Real Estate, Real Estate Investment Management, Life Cycle Costs, Redevelopment, Markowitz Theory, Diversification, Sale and Lease-Back, Portfolio Management, Anglo-Saxon Investment Strategies.
Frequently Asked Questions: Real Estate Asset Management Strategies
What is the main focus of this document?
This document provides a comprehensive preview of a seminar paper exploring key real estate asset management strategies, particularly within the context of growing Anglo-Saxon investment in the German market. It covers definitions, explanations, and practical examples.
What topics are covered in the seminar paper?
The paper covers a range of topics including the definition and application of asset management principles in real estate, analysis of various real estate asset management strategies, examination of life cycle costs and redevelopment potential, discussion of portfolio diversification using Markowitz theory, and exploration of sale and lease-back strategies.
What are the key themes discussed?
Key themes include the definition and application of asset management principles to real estate, analysis of various real estate asset management strategies, life cycle costs and redevelopment potential, portfolio diversification using the Markowitz theory, and sale and lease-back strategies. The influence of Anglo-Saxon investment strategies in the German real estate market is a significant contextual element.
What are the chapter summaries?
The document includes summaries for each chapter: Chapter 1 (Introduction) sets the stage and defines the scope; Chapter 2 (Fundamentals) defines asset management and strategy; Chapter 3 (Overview of Assets) provides a brief overview of various asset classes; and Chapter 4 (Real Estate Asset Management Strategies) delves into core strategies, including life cycle costs, redevelopment, Markowitz theory, diversification, and sale and lease-back strategies.
What are the key terms or keywords used in this paper?
Key terms include Asset Management, Real Estate, Real Estate Investment Management, Life Cycle Costs, Redevelopment, Markowitz Theory, Diversification, Sale and Lease-Back, Portfolio Management, and Anglo-Saxon Investment Strategies.
What is the overall goal of the seminar paper?
The seminar paper aims to explore and explain key real estate asset management strategies, providing definitions, explanations, and practical examples relevant to the increasing influence of Anglo-Saxon investors in the German real estate market.
What types of assets are discussed?
The paper discusses various asset classes, including stocks, options, bonds, and real estate, with a primary focus on real estate asset management strategies.
How does the paper address the influence of Anglo-Saxon investors?
The paper uses the increasing influence of Anglo-Saxon investors in the German real estate market as a significant contextual framework for examining and understanding the importance and application of the discussed asset management strategies.
What specific examples are provided?
The paper provides practical examples, including a case study analysis (example: Resolution GmbH) to illustrate the application of concepts such as redevelopment and life cycle costs within real estate asset management.
Where can I find more detail on the specific strategies?
The full seminar paper provides detailed explanations and analysis of each strategy. This document only serves as a preview.
- Quote paper
- Daniel Rappoldt (Author), 2007, Asset Management Strategies, Munich, GRIN Verlag, https://www.grin.com/document/74403
