MANY people, organisations and even companies are currently managing their property portfolios themselves, only to be inundated with various costs and challenges – from maintenance to payments of insurance, quit rent and assessments, as well as the need to upkeep and upgrade the properties for long-term growth and appreciation.
In comparison to traditional property investment where owners manage and rent out properties themselves, a unique value proposition that distinguishes Real Estate Investment Trust (REIT) is the presence of a professional management team (REIT Manager) to manage the assets in the best interest of unitholders and execute the strategic direction in accordance with the investment mandate in the Trust Deed of the REIT.
Within the REIT structure, the REIT Manager plays an active and integral role in enhancing property values and long-term investment returns to unitholders through accretive acquisitions, prudent capital management, asset management initiatives (AMI), asset enhancement initiatives (AEI) and property development activities.
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This is especially crucial in an increasingly competitive real estate market during these unprecedentedly challenging times which requires proactive, adaptive, and innovative management strategies to survive, recover and grow sustainably in the long term.
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