A year of operational intensity. NAREIM's Year in Review
Operational intensity is a phrase that seems to perfectly capture the investment environment we find ourselves in today. At the asset level, where asset and active property management have become even more critical amid compressing returns. At the fund level, where heightened com- petition for deals and capital commitments demand even greater time and attention. And at the corporate level, where expense growth continues to outpace revenue growth requiring all real estate investment managers to do more with less. Such operational intensity isn’t a phase of the current commercial real estate cycle, which will pass with time.
Today’s real estate investment management industry is increasingly complex. From regulation and compliance, to increased consolidation, diverse product offerings and investment strategies, emerging capital sources, and of course the management of asset, portfolio, fund and investor data — running a real estate investment management business requires more resources today than just 12 years ago at the start of the financial crisis. Of course, no one has all the resources he or she wants.
But there is one important resource at your disposal: your NAREIM membership. Over the past year, NAREIM members have shared insight and intelligence on some of the biggest challenges impacting their businesses — and shared best practices and potential solutions to mitigate those risks. We share those insights in the 2019 Year in Review highlight key trends and quick wins from our nine meetings, our annual Job Fair, our enterprise and compensation benchmarking research, our member surveys and magazine.
Download your copy by clicking this link: NAREIM 2019 Year in Review