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Municipal Real Property Asset Management: An Overview of World Experience, Trends and Financial Implications

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  • Olga Kaganova
  • Ritu Nayyar-Stone

Abstract

Executive Summary. In nearly all countries, municipalities own or control substantial amounts of real estate, but few municipal governments think of their holdings as a “portfolio” whose composition might be modified to better serve public purposes. This study is based on research conducted for the World Bank, and discusses the conceptual evolution in this area during the last twenty to twenty-five years. It outlines a core set of features that are an integral part of an efficient and accountable asset management system, and also provides an in-dept analysis of asset management issues in countries in transition, where municipal governments often are the largest property owners.

Suggested Citation

  • Olga Kaganova & Ritu Nayyar-Stone, 2000. "Municipal Real Property Asset Management: An Overview of World Experience, Trends and Financial Implications," Journal of Real Estate Portfolio Management, Taylor & Francis Journals, vol. 6(4), pages 307-326, January.
    • Handle: RePEc:taf:repmxx:v:6:y:2000:i:4:p:307-326
    DOI: 10.1080/10835547.2000.12089624
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