The Year 2000 Challenge — Impact on the Real Estate Industry

  • December 21, 1998
  • • Written by: Nitin Manchanda 

Winter 1998/1999, Vol 23, No 4

Abstract: With all of the recent publicity, most people are aware of the Year 2000 (Y2K) problem, however, we still seem to be understanding its impact. This manuscript describes the Y2K problem and its potential impact in three areas of real estate — facilities and property management; capital markets/financial transactions; and real estate software. An assessment of the level and degree of preparedness in addressing the Y2K bug in each of these areas is outlined.