The Use of MIS Systems for Corporate Real Estate Asset Management

Prior research has identified that one of the significant factors associated with higher levels of performance in the management of corporate real estate assets is the existence and use of computerised corporate real estate management information systems (CRE MIS). This paper reports the results of a survey of 457 organizations in New Zealand with significant corporate real estate portfolios. It includes details on the existence of and assessed performance of the CRE MIS as a whole, as well as the importance of various data sub-components. Results include a minority but significant percentage of organizations still lacking CRE MIS, or rating their use as unimportant. Few organizations with CRE MIS rate their performance as excellent. Correlational analysis was also carried out to determine if significant associations could be observed between CRE MIS performance and other organizational characteristics. Findings include significant differences in the ways organizations use their CRE MIS but a high degree of correlation between the performance of CRE MIS and other measures of corporate real estate asset management (CREAM) performance.