Acquiring and maintaining accurate real estate data

Abstract

Acquiring and maintaining accurate real estate data, while difficult, is definitely achievable. Success in such an initiative will depend on certain key elements, such as defining desired outcomes or the value that the exercise will bring; identifying the stakeholders who will become champions in gathering key data elements; selling the idea to senior leaders; and finally ensuring the needed resources are available, both people and costs, to see the project through to the end. In addition, processes will be needed that are comprehensive enough to capture holistic portfolio churn while not being so overly cumbersome as to cause data fatigue with stakeholders. This paper will describe these key elements and provide the reader with a solid road map for how to achieve an accurate portfolio view.