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

Kaganova, Olga; Nayyar-Stone, Ritu

doi:10.1080/10835547.2000.12089624

Cited by 60 publications

(55 citation statements)

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“…In this context it should be emphasized that only 32% of municipalities in Poland and 42% municipalities in The Netherlands evaluate the effectiveness of managing their real estate in general. In the context of Kaganova and Nayyar-Stone' postulate [21] to 'periodically evaluate financial performance of each property and the whole portfolios in each class', this result are not satisfactory. On the other hand, the majority of the studied municipalities (85% in Poland and 52% in The Netherlands) declare punctuality of the implemented real estate management tasks.…”

Section: Good Governancementioning

confidence: 99%

“…In 1993, Simons concluded: "corporate real estate assets are generally undermanaged" [11] and in 2000 it was still noticed that PREM lag far behind on the private sector [21]. They also conclude that "the opportunity cost of not managing public real estate strategically is large and has implications for local budgets and services" [21]. Nowadays, both public and private organizations pay more attention to real estate and management [22].…”

Section: International Research On Public Real Estate Managementmentioning

confidence: 99%

“…Also, internationally and scientifically the subject gained popularity. It starts to be recognized by international researchers around the world [19,21,[25][26][27]. Due to the main objective of the paper the focus of our review was on MREM studies which directly refer to the public management paradigm (see Table 1).…”

Section: International Research On Public Real Estate Managementmentioning

confidence: 99%

“…Besides, very few municipalities (11% in PL and 20% in NL) make a comparative analysis with other municipalities of their MREM results. International research shows that very often the reason is lack of reliable data about public properties [21]. For this reason, making a reliable evaluation of the results with a ratio analysis is very hard due to interpretation difficulties.…”

Section: New Public Managementmentioning

confidence: 99%

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Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

Marona

Beemt-Tjeerdsma

2018

Sustainability

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Since the economic crisis (2008) municipalities became more aware of their real estate portfolio. Their first reaction to the sense of urgency to pay more attention to this extensive property was to improve their real estate administration. Now, ten years later, municipalities are ready to focus more on the professionalization of the management of their real estate. The purpose of this study is to present the role of individual concepts of public management in Polish and Dutch municipal (public) real estate management. The paper is based on the results on survey research based on public real estate management theory and two public management approaches: new public management and good governance. First, preliminary research was carried out in a Polish metropolitan area after which all Polish metropolitan areas where questioned about their real estate management issues. This questionnaire was also sent to all Dutch municipalities one year later. The Hellwig’s taxonomic method was performed on both separately to assess the level of implementation of good governance and new public management principles in real estate management practices. The research shows that new public management standards are applied at a similar level in municipal real estate management in Poland and The Netherlands. Good governance standards are used a little more broadly in Poland than in The Netherlands. The research shows that in Poland and The Netherlands the concepts of new public management and good governance are not applied as a whole but are deployed as a collection of instruments. Most municipalities choose some of these instruments to apply to their municipal real estate (MREM). Both in Poland and in The Netherlands there are differences noticed in the application of new public management and good governance principles depending on the type of municipality. Besides this originality and scientific relevance, municipalities of both countries could benefit from this comparison by learning from best practices. Practical recommendations and suggestions for public administration concern: (i) the necessity to develop municipal real estate management plans; (ii) increase regularity of asset valuation and (iii) assessment of real estate management performance; (iv) greater transparency in real estate management; and (v) increasing the participation of citizens in the process of managing real estate.

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Section: Good Governancementioning

confidence: 99%

Section: International Research On Public Real Estate Managementmentioning

confidence: 99%

Section: International Research On Public Real Estate Managementmentioning

confidence: 99%

Section: New Public Managementmentioning

confidence: 99%

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Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

Marona

Beemt-Tjeerdsma

2018

Sustainability

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“…It requires maintenance, foreseeing long-term objectives for its use and investment perspectives. Despite the fact that municipalities perform their functions daily, the most suitable real estate management portfolio is necessary for satisfying the public interests best (Kaganova et al, 2000).…”

Section: Introductionmentioning

confidence: 99%

Classification and Valuation of Municipal Real Estate for Execution of Municipal Functions

Klumbytė

Bliūdžius

2014

Journal of Sustainable Architecture and Civil Engineering

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The quality of satisfying the social and economic needs of residents by the municipality depends on the effective use of municipal real estate, its abundance and quality. The municipal property makes up the basis for their economic activities.To fulfil one of the main municipal goals, i.e. to promote and develop local government, a great deal of attention must be directed to the improvement of municipal real estate management, as well as the optimization and increase of management efficiency of real estate necessary for fulfilling municipal functions. Since municipalities own a great deal of real estate unsuitable for carrying out their functions, the paper presents a methodology for reducing the amount of real estate objects redundant for municipal functions. To achieve this, a distinction between functional-objective real estate for fulfilling municipal functions, and real estate that no longer has such a purpose has been made.

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Learning how to be efficient property owners and accountable governments: the case of Kyrgyzstan's cities

Kaganova

Tian

Undeland

2001

Public Admin & Development

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As a result of government decentralization and property devolution from central to local governments, many city governments in transition countries became the largest real property owners in urban areas. For transitional countries lacking suf®cient democratic traditions, ef®cient asset management represents a dramatic and multifaceted challenge. Kyrgyzstan happened to be among the ®rst transitional countries where cities obtained systematic technical assistance in adapting the most advanced methodology of municipal asset management, which was recently developed under the auspices of the World Bank. Based on experience of work within ®ve pilot cities, the article summarizes factors and methods that help develop a sense of strong ownership and internalization of new asset management vision and approaches among local of®cials and elected members of city councils. The article presents the experience of how the government of Uzgen, a city of about 40,000 people in South Kyrgyzstan, has changed its attitudes and approach regarding management of municipal property. The article demonstrates how two key pro-cessesÐimproving professional aspects of municipal asset management and developing local democracy though public invol-vementÐhave been reinforced by each other. One of the main lessons from Uzgen's experience is that municipal property asset managementÐbecause it deals with tangible issuesÐis a perfect focal point for developing local democracy and communication between a local population and its government.

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

Cited by 60 publications

References 4 publications

Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

Impact of Public Management Approaches on Municipal Real Estate Management in Poland and The Netherlands

Classification and Valuation of Municipal Real Estate for Execution of Municipal Functions

Learning how to be efficient property owners and accountable governments: the case of Kyrgyzstan's cities

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