ABSTRACT
The aim of this paper is to outline the basic concepts of real property portfolio management, or RPPM. This field is oriented toward clients of building services, and especially those organizations that are not primarily in the real estate business, but use real property to produce or distribute other goods and services. In the last analysis, it is incumbent upon the building client to ensure satisfactory planning, procurement, management, and utilization of real property at the client’s disposal. It is argued in this paper that building clients need to develop management tools for RPPM. In this context, emphasis is placed on decision-support systems that can close the feedback loop between managerial action and real property performance. Such systems will need to be custommade for each building client with a significant property portfolio.
