by Brianna Crandall — April 29, 2019 — Mixed-use developments continue to rise, highlighting consumer preferences for structures that cater to a “live, work, shop, and play” lifestyle, points out the Institute of Real Estate Management (IREM). A 2017 National Community and Transportation Preference Survey indicated that 62% of Millennials, 45% of Gen Xers and Baby Boomers, and 55% of the Silent Generation want to live in walkable communities and prefer shorter commutes. With this influx of mixed-use properties, asset and property managers are increasingly being asked to be well-versed in residential, commercial AND retail disciplines.
To help with this demand, IREM recently released two new publications, Shopping Center Management and Leasing, 2nd Edition, written by Alan Alexander and Richard Muhlebach, CPM, and Community Associations: A Guide to Successful Management, 2nd Edition, written by Vickie Gaskill, CPM, ARM, MPM.
Don Wilkerson, CPM, 2019 IREM President, Gaston & Wilkerson Management, AMO, Reno, NV, remarked:
The retail market is proving to be extremely resilient, and continues to evolve as a response to consumers’ changing wants and needs, new retail concepts, and evolving retail distribution systems. Shopping Center Management and Leasing provides insights into the many roles and responsibilities of a shopping center manager.
IREM notes that nearly 70 million Americans now live in common-interest developments (CIDs) — HOAs, condos, and co-ops — which account for nearly a quarter of the US housing stock. As these numbers continue to rise, property managers will be seeking more accounts in this competitive residential real estate industry. Community Associations: A Guide to Successful Management will help managers hone the skills necessary to excel in this field, says the organization.
Both publications include helpful forms, templates and best practices for all real estate managers.
Shopping Center Management and Leasing, 2nd Edition and Community Associations: A Guide to Successful Management, 2nd Edition are available to order online from the IREM Store.