Partner Channels

The Definitive Source of Information on the Following Subjects:

Building Automation | Building Envelope | Commercial Roofing | Cooling
Energy Measurement | LED Lighting | Lighting Control | Site Furnishings

Tricks Of The Trade: Facilities Vs. Real Estate

Written by Retired Columnist. Posted in Ask The Expert, Columnists, Magazine, Retired Columnists, Topics, Tricks of the Trade

Published on October 03, 2009 with No Comments

By James C. Elledge, IFMA Fellow, CFM, FMA, RPA, RIAQM
Published in the October 2009 issue of Today’s Facility Manager

Q What is the relationship between real estate and facility management (FM) functions?

Hassan Farah
Office Service Supervisor
Doha, Qatar

A I look at the relationship as such:

Real Estate: Responsible for the location of the site, whether building or leasing, and all steps necessary to acquire the site or lease. Real estate will also maintain all leases and manage them for renewals, extensions, etc.

Facility Management: Once the site has been acquired, facilities will work with consultants to design, furnish, and manage the space to allow the organization to perform its core business as efficiently as possible.

A pretty simple relationship, but it works. Smaller companies may not differentiate, due to size. Larger companies may break these responsibilities down into additional functions, due to the number of properties/leases required.

A full definition of FM comes from the International Facility Management Association (IFMA): “Facility Management is a profession that encompasses multiple disciplines to ensure functionality of the built environment by integrating people, place, process and technology.”

Elledge,facility/office services manager for Dallas, TX-based Summit AllianceCompanies, is the recipient of the Distinguished Author Award from theInternational Facility Management Association (IFMA), is an IFMA Fellow, and isa member of TFM’sEditorial Advisory Board. All questions have been submitted via the “Ask TheExpert” portion of the magazine’s Web site. To pose a question, visit this link.

About Retired Columnist

This expert formerly served as regular contributor to Today’s Facility Manager magazine. His vast knowledge of the facility management profession continues to provide a rich resource for facility managers by way of this online archive.

Browse Archived Articles by

No Comments

There are currently no comments on Tricks Of The Trade: Facilities Vs. Real Estate. Perhaps you would like to add one of your own?

Leave a Comment