Huijbregts, H J J (2002) Information and communications technology for real estate investment management. DDes thesis, Harvard University, USA.
Abstract
Since the mid-1990s, information technology and Internet solutions have risen to address the inefficiencies in the real estate process—the process of the planning, design, construction, and operations—and consequently have also had an impact on one of real estate's subindustries, real estate investment management. Real estate investment management is the physical and financial management of real estate properties for investment purposes. This dissertation answers the question: how does information and communications technology impact the processes of real estate investment management, what is the value added to the real estate industry, and how should its participants prepare for the future industry ahead? A comprehensive survey of real estate investment management firms and case studies of industry leaders was conducted to study the impact of technology on their process inefficiencies. The research found that the “value added” of information and communications technology included increases in productivity-largely that of the information intensive stages of portfolio management as one of the investment management subareas. This “added value” is channeled toward the development of additional products and services. Technology has changed information exchange between property managers, investment managers, and clients to an automated effort, freeing time for additional research, more interaction with the investment client, and more assets under management. With the ongoing evolution of information and communications technologies, resulting in the ongoing integration of the different subareas of investment management (research, acquisitions and dispositions, and portfolio management), clients, and the many surrounding service providers (property managers and brokers), the real estate investment manager will continue to expand its offerings in order to increase competitive advantage. Shifts in time allocation and budgetary spending will allow for this reorganization of real estate investment management to occur.
| Item Type: | Thesis (Doctoral) |
|---|---|
| Thesis advisor: | Pollalis, S N |
| Uncontrolled Keywords: | acquisitions; case studies; client; competitive advantage; financial management; information technology; integration; investment; productivity; real estate |
| Index terms: | real estate, internet, interaction, dissertation, portfolio management, financial management, competitive advantage, added value, case study, productivity, communications technology, acquisition, evolution, integration, information technology, manager, broker, real estate investment, survey, information exchange |
| Subjects: | economic analysis, innovation and technology management, environmental science, practitioner, research dissemination and communication, behavioral psychology, market analysis, data science, real estate economics, computing systems, business, data collection methods, profession, organizational analysis, management |
| Topics: | Procurement, Sustainability, Roles and Professions, Research Practice, Business Strategy, Organizational Design, Digital Applications, Urban Studies |
| Descriptive scope: | 3 PCE |
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