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| Public Real Estate Management--Adapting
Corporate Practice to the Public Sector: The Experience in Cleveland, Ohio Author: Robert A. Simons Start Page: 639 Abstract: This paper addresses
the issue of public real estate management, focusing on the potential to adapt corporate
management practice to the public sector. The research begins with a review of the survey
literature on real estate management practice and decisionmaking among American non-real
estate corporations and public agencies in Sweden. The paper also reports the preliminary
results of a survey of twenty-one suburban municipal property managers in the Cleveland,
Ohio Metropolitan Area. The current public real estate management practice is described
and compared with available survey results on private sector management. Topics include
organization of the real estate function, information management, decision rules, and
policies and development activities. The feasibility of applying selected private real
estate decisionmaking and management practices to the public sector is explored. Initial
results show that while the municipalities surveyed participate in many real estate
practices such as leasing and joint development, they often do not have the decision
framework to financially evaluate these activities. One approach to enhancing the way
public agencies deal with real property is set forth. The paper closes with suggestions
for future research. |
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