INSIDE IREM INTERNATIONAl NEWS
RUSSIA
Marat
Manasyan,
CpM®
JAPAN
Masakatsu Sasaki,
CpM®
qATAR patrick Okafor, CpM® Candidate
INDIA
Gautam
parekh, CpM®
Candidate
IREM INTERNATIONAL MEMbERS DISCUSS THE
FUTURE OF REAL ESTATE MANAGEMENT
What opportunities are ahead for the real estate management industry abroad in the
next 2-3 years? Some of our international IREM Members shared their thoughts about
what’s next for the industry in their countries:
JAPAN
In the Japanese market, due to the
fund bubble that started in 2004,
major metropolitan areas are experi-
encing previously unheard-of rises in
vacancy. This makes the operation of
the properties very difficult for own-
ers and investors. At the same time, there are many busi-
ness opportunities. In times such as this, the roles that
CPMs play are significant. Specifically, owners and inves-
tors are looking for able property managers who can ana-
lyze risk, profitability, and competitive position; who can
operate properties safely and reliably at the time of new
development, renovation planning, midstream analysis,
and acquisition in this confusing real estate market.
Masakatsu Sasaki, CPM, president of daiiti tatemono
Inc.
RUSSIA
The world financial crisis has
changed the relationship between
owners and real estate managers.
Today owners spend a lot more
time selecting a real estate man-
agement company with optimal pricing and professional
skills. There is a great opportunity to manage recalled
mortgage real estate because banks and other financial
institutes have a lot of real estate but don’t have people
with professional skills to manage the properties. They
need a professional property manager to reach maximum
cash flow.
Marat Manasyan, CPM, for Retail Row LLC
QAtAR
