Management of City-Held Real Estate Assets

The Field Lab partnered with the City of Somerville to examine options for managing underutilized, city-owned real estate assets.

Project Partner

City of Somerville, Massachusetts

Project Summary

Students worked with City inventory and financial data to analyze current use patterns, holding costs, and alternative management approaches for municipally owned properties.

Areas of Focus

The team examined asset utilization, operating and maintenance costs, redevelopment potential, governance considerations, and financial implications of different real estate management strategies.

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