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The company was launched in 2005 as Inland American Real Estate Trust. [2]In 2012, Inland Western completed an initial public offering. [3] [4]As of February 2014, the company was the largest non-publicly traded real estate investment trust in the United States.
The property owner in this case signs a property management agreement with the company, giving the latter the right to let it out to new tenants and collect rent. The owners don't usually even know who the tenants are. The property management company usually keeps 10-15% of the rent amount and shares the rest with the property owner.
In June 2017, it sold the property to Arden Group for $148.8 million. [6] In October 2008, the company acquired the Ordway Building, the tallest building in Oakland, California as part of a $412 million acquisition from Brandywine Realty Trust. [7] In 2008, the company completed the development of The 88, the tallest building in San Jose ...
Real estate development, or property development, is a business process, encompassing activities that range from the renovation and re-lease of existing buildings to the purchase of raw land and the sale of developed land or parcels to others.
The Institute of Real Estate Management has different tiers of membership. The organization issues different credentials, including: Certified Property Manager (CPM), Accredited Residential Manager (ARM) Accredited Commercial Manager (ACoM), or Accredited Management Organization (AMO).
Certified Property Manager (CPM) is a real estate professional designation awarded by the Institute of Real Estate Management (IREM) [1] and recognized by the National Association of Realtors (NAR). The Institute offers a comprehensive program developed exclusively for property and asset managers working with different size portfolios of all ...