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Asset Management P

Protect the Legacy

Protect the Legacy is Coastline Equity's PME OS stage for bringing future property needs and operating information into long-term owner planning.

Protect the Legacy is the long-term planning stage of Coastline Equity's Property Management Excellence OS. It looks ahead to capital needs, lease renewals, property condition, vendor plans and market position. The stage supplies operating information for owners and the people helping them plan for the property's future.

For a PM company owner or operating leader, an illustrative application is organizing known upcoming needs and identifying assumptions that still require review. A property-wide discussion can draw on a lifecycle plan for individual components and a lease-rollover review for upcoming expirations. Those inputs support the named stage; they do not replace the owner's decisions.

Source: Coastline Equity: Property Management Excellence OS, Protect the Legacy.

Frequently Asked Questions

What can a PM team prepare for the owner's long-term review?

As an illustration, bring current condition records, upcoming renewals, anticipated capital work and relevant vendor information. Mark what is known and what still needs confirmation. These are practical ways to prepare the operating information described by Coastline.

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Related Terms

  • Lifecycle Plan
  • Lease Rollover
  • Asset Management

More in Asset Management

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Acquisition Fee

In real estate investment, an acquisition fee compensates an adviser or manager for services associated with acquiring and closing a new investment.

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Appreciation

Property appreciation is an increase in a property's market value over time.

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Asset Condition Index

Asset Condition Index summarizes documented component condition and, where applicable, functional performance; its method must be stated before scores are compared.

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Asset Management

Strategic oversight focused on financial maximization, capital allocation, risk management, and long-term asset value growth for property owners.

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Asset Management Fee

An asset management fee compensates an investment manager or adviser for oversight and management of real estate investment assets.

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