The commercial real estate (CRE) industry is rapidly changing. Now widely considered the fourth asset class in the market, CRE continues to become more institutionalized and is attracting capital at a record level. As a result, there is more competition for available assets, higher asset prices and greater expectations for their performance.
As values have increased, so too have CRE property tax assessments and liabilities. Given the pressure to operate more efficiently, a proactive approach to property tax management presents a significant opportunity for firms looking to derive greater asset value and returns from their portfolios.
Interest(s): Date: September 27, 2017