definition
strict definition
asset manager
An organization holding title to a building on behalf of several owners, commonly through a real estate fund.
An asset manager, also named funds manager or asset management company, is an organization which holds title to a building in the name of several owners. A common form of asset manager is a real-estate fund.
The organization holds title in the name of multiple owners. This is a collective ownership-management arrangement tied to the building.
A property manager can oversee operations without holding that title. Performing tenant services alone does not establish the asset-manager role described here.
Related definitions
-
financial association
An organization to promote common causes among various enrolled financial service providers. -
financial consultant
A company that advises firms or individuals on financial transactions and financial management. -
financing
A company which supplies the loan or mortgage for a structure's development and construction. -
investment advisor
A financial specialist advising a prospective purchaser before and during a property acquisition. -
investor
A person or company providing capital for a structure's development in the hope of a financial return. -
leasing company
A company involved in leasing property for use by parties that do not acquire its ownership. -
mortgage bank
A nondepository lender specializing in mortgage loans made directly to its customers. -
pension fund
An investment fund established to provide retirement income for the people investing in it. -
valuation/rating
A firm that assesses the market value or another defined type of value of buildings or properties.