Investment management firms need to adapt to navigate the changes created by the pandemic to compete and successfully raise capital. As investors are expected to increase their allocations to real estate over the next two years, there is renewed investor demand for long-term core and core+ strategies. This need for operational oversight and technology should be at the forefront of your firm’s strategy.
Your investors and internal stakeholders want access to transparent and detailed data. During the past year, investment managers focused on gaining a better understanding of their customer’s business, leases and revenue exposure. This drive towards better customer understanding, relationships and satisfaction is centred around improved collaboration and scalable data strategies.
Working with outsourced operating partners, asset managers or fund administrators can be challenging as you rely on them to gather information, which can often delay key decision making. You need to gain control and find consistency rather than gathering data from multiple reports in a variety of formats.