Solutions for Real Estate Management
In today's economy, real estate is no longer regarded as a fixed cost. Corporations are pressuring real estate executives to reduce the impact of occupancy costs on the bottom line and improve space management across the enterprise. Real estate organizations and investors must find new ways to increase tenant retention, streamline operations, and enahance portfolio management. Retailers are looking at inventive ways to better manage current obligations and strategically plan for growth while minimizing the overhead of store operations.
Whether you are in the real estate business or manage real estate for your enterprise, businesses that can effectively manage utilization and costs associated with these assets stand to reap substantial benefits to the bottom line. A complete, integrated, web-based solution that supports end-to-end automation of all critical business functions throughout the entire real estate cycle is the foundation for effective real estate management.
E-Business Suite has all the necessary components to support whole-life real estate activities, from acquistion or leasing through construction and facilities management, financial processing, and performance tracking. Learn more about how Real Estate Management can help in the areas of Corporate Real Estate; Commercial Real Estate; and Retail Real Estate.
Knowing your exposure buried in your portfolio of leases and being proactive on time driven opportunities can minimize the financial impact of those obligations. In terms of space, knowing what you need, when you will need it, and what's available, is critical to optimizing the real estate needs of your organization. As properties age or are repurposed for other use, having the tools that not only manage refurbishment projects but also make sure your organization reaps the benefit of capitalizing every dollar spent, helps ensure the efficient execution of these activities into the overall financial picture of your operations.
Real Estate Management solution supports all the critical activities of an organizations Corporate Real Estate operations:
Optimize space utilization by having a clear picture of the defined spaces within your facilities and being able to track not only current vacancies but also future planned vacancies, and exposing this data for use in space planning.
Proactive management of the exposure of financial and legal risks that are buried in your portfolio of active leases. Never miss a renewal again.
Automation of term execution ensuring timely payment of your financial obligations through complete integration with Oracle Payables.
Track estimated CAM payments and ensure that full credit is given by your landlord in the CAM reconciliation process.
Sophisticated facilities management capabilities that not only allow you to efficiently deal with facilities requests from your employees but allow you to take better care of the facilities themselves by creating preventive maintenance strategies to lengthen the useful lives of the facilities and the equipment within them.
Robust project management for execution of build-outs and refurbishments and other project-driven activities such as moves.
The last decade of the 20th century has had a significant impact on the real estate industry. The remarkable recovery from the cyclical decline of the late 80s and early 90s has fueled profound changes in all aspects of the industry, including development, construction, financing and ownership. Real estate has become more liquid, more public, and more global. These changes have attracted financial innovators, offering new opportunities and posing new market challenges. As a result, while traditional disciplines such as development, construction and finance continue to provide important tools and perspectives, there are new techniques that the successful real estate practitioner must utilize.
There are new forms of real estate investment, most notably Real Estate Investment Trusts. REITs offer investors a highly liquid investment while preserving the tax advantages typically associated with real estate investments. More importantly, REITs have brought real estate investments to public capital markets, becoming one of the hot investments of the 90s. Another recent innovation is the remarkable growth of securitization, whereby highly liquid securities are issued against a pool of less liquid securities such as mortgages. Again, the financial sector has risen to the demand for more liquidity while preserving the basic tax attributes of real estate investments.
These changes have dramatically increased the demand for well-trained real-estate practitioners. The mission of the Real Estate program is to understand these powerful forces and their effects and to translate that understanding - through research, conferences and graduate and executive courses - to provide a solid preparation for the challenges faced by real-estate practitioners.
