Global managers face global challenges when it comes to data management

Global real estate managers face many challenges in managing data across multiple jurisdictions.

“For managers with an international or global footprint, the biggest challenge lies in assembling property-level data from multiple regions to pull out a single version of the truth for their fund-level reporting,” said Anita Lyse, global head of real estate and group head of segments at global fund administrator Alter Domus. “Each market has different reporting requirements, compliance standards, currencies, accounting practices, and terminologies, and reconciling the underlying data on a global scale for an apples-to-apples comparison can be particularly challenging for real estate funds.”

Technology, including artificial intelligence, automation and machine learning is enabling new solutions, said Lyse. “Technology empowers managers to consolidate complex data sets and provide consistent investor reporting, while meeting all of the local reporting and complianc