Insight: REIBC blog
Advancing the conversation on land and real estate issues in BC.

Insight: REIBC blog > Data in Public and Private Sector Consulting

Data in Public and Private Sector Consulting

posted on 10:03 AM, October 13, 2017
credit: iStock

Real estate consultants working in both private and public sectors rely on data to inform their advice to clients. Often that data is provided by the client, but that doesn’t mean it’s complete or accurate.

A common issue that Mandy Hansen, RI, of Insight Specialty Consulting encounters is in financial statements. Building owners may “combine financial statements for several assets into one report so individual asset performance is not readily established. This makes it difficult to determine which assets, if any, should be redeveloped, sold, or retained. It is also difficult to compare assets within a portfolio to rank and prioritize optimization initiatives.”

Data challenges range from gaps in financial data to ownership determinations, yet such challenges don’t prevent decision making. “In a surprising number of engagements, the gaps cannot be filled—the data doesn’t exist—so assumptions must be made,” notes Hansen. “If organizations waited for perfect data, then nothing would ever happen.”

Download Summer 2017

Land use decisions exist at the strategic portfolio level, the programmatic level, and the level of the site. Read more about the types of data needed for these types of consulting projects, and their challenges, in Mandy Hansen’s “Data for Land Use Decisions in Public and Private Partnerships,” in the Summer 2017 issue of Input, page 7. Download Summer 2017

Join the conversation on Facebook

Recent Articles

Getting Connected, Staying Connected posted on 11:58 AM, September 28, 2018 in Insight: REIBC blog

A Technological Revolution posted on 9:29 AM, August 31, 2018 in Insight: REIBC blog

Global Approaches to Non-resident Property Ownership posted on 10:34 AM, June 22, 2018 in Insight: REIBC blog

What Does Australia Do? posted on 11:05 AM, June 1, 2018 in Insight: REIBC blog

Addressing Housing Affordability Through Legislation posted on 11:23 AM, May 11, 2018 in Insight: REIBC blog

Local Success, Not Foreign Buyers posted on 2:35 PM, April 20, 2018 in Insight: REIBC blog

Surrey’s All Grown Up posted on 10:36 AM, March 9, 2018 in Insight: REIBC blog

Future-of-Work: Ready or Not, Here I Come posted on 3:03 PM, March 29, 2018 in Insight: REIBC blog

Growth and Opportunity in Penticton posted on 10:28 AM, February 16, 2018 in Insight: REIBC blog

The Real Estate Powers of Local Governments posted on 10:25 AM, January 26, 2018 in Insight: REIBC blog