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The Facility Management Handbook, 4th Edition by Richard Payant, Kathy O. Roper

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6

Real Estate Options and Regulations

Pulse Points

  • The facility manager should manage real estate.
  • The facility manager must coordinate the user, legal, and financial requirements for good purchase-lease decisions.
  • The facility manager should actively participate in site evaluation and acquisition.
  • The facility manager should have an active plan to manage the inevitable politics of site selection.
  • The facility manager should learn as much as possible about any site to be acquired, but recognize they enter all negotiations with less knowledge than the current owner.
  • When considering a real estate acquisition, the facility manager must also think about an exit strategy.

The decision to purchase or lease real estate goes to the very heart of ...

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