Real Estate Industry Consortiums–National or Local–Who Will Succeed?

  • January 28, 2002
  • • Written by: Michael Praeger

Winter 2001/2002, Vol 26, No 4

Abstract: Increasingly more commercial real estate organizations are realizing the power of streamlining purchasing, asset management, financial management, and other business processes online. Real estate organizations can realize an even bigger benefit by joining together to create one cohesive group, or consortium. Consortiums are relatively new to the real estate industry—but if formed and operated correctly, can provide real estate organizations with a powerful buying and negotiating tool. Herein, the author explores one of the questions plaguing the industry today—which will succeed—national, local, or industry-specific consortiums?