What Is An Asset Manager?
An asset manager is a professional or company who administers the operation and ensures the value of one or more assets.
An asset manager may be a third party service provider who offers their services to outside clients. An asset manager may also be an in-house position within a firm that must manage its own assets in accordance with its own strategic business and investment objectives.
What Is The Value and Function Of An Asset Manager?
The asset manager is most commonly associated with the investment industry. In the investment industry, the asset manager's role is to maximize the value and yield of a portfolio of investment assets to achieve investor objectives. This may include the acquisition or disposition of assets to maintain the appropriate mix of investment assets to maximize the value of the investment portfolio.
Real estate, as an investment asset class, has placed greater importance on the asset manager's role in maximizing the value and optimizing cash flows of investment real estate. While property managers operate investment properties on behalf of real estate investors, asset managers ensure the maintenance and long term value and benefit of investment real estate.
Asset managers in real estate have many tools available to them to deliver results. Asset managers may advise on the acquisition and disposition of investment property to maximize the value of a real estate portfolio. Asset managers also ensure compliance and operations of investment real estate under the umbrella of strategic and long term objectives.