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.