Other corporations and businesses own real estate too. Office buildings are required for international, national, and regional headquarters. Manufacturing facilities, warehouses, and distribution centers are required for operations. Agricultural companies, paper companies, and wood product companies own large amounts of production land as well. All real estate must be managed and making decisions requires business and financial skills in addition to real estate knowledge.
Some companies maintain real estate staffs, while others use real estate consulting firms.
Appraisers and brokers with business expertise will serve clients more effectively. As a result, they can expect more rewarding opportunities in the real estate marketplace. For investors, lenders, portfolio managers, and those engaged in the emerging field of real estate securitization, it is not enough to be a specialist in one discipline. Each parcel of commercial real estate is a unique asset that must be individually evaluated. Rewarding career options require motivated professionals who understand a company's business needs, who communicate effectively, and who perform competently in the financial world.