Real Estate
Real estate is a property that includes undeveloped land, structures and surrounding grounds. It also includes the land and what is above and below it.
Special-Use Properties
Special-use properties are properties with specialized uses. Examples include firehouses, museums, schools, etc.
ProFM: Real Estate
Real estate management is responsible for the location of the facility site, whether building or leasing, and all the steps necessary to acquire it.
IFMA: Competency #2 – Real Estate and Property Management
Real Estate and Property Management is one of the eleven competency areas as identified by the International Facility Management Association’s global job task analyses.