As shown in Italian census and in many international reports, real estate property portfolio is heterogeneous, for this reason, enhancement strategies require different actions for different functions the properties are used for \citep*{article} \citep{articleh}.
According to expert, the public property could be divided in two categories: “core business” assets and “asset management”. The first one provides services to the community, the second one provides service indirectly.
\citet{articlei} divides these two categories in different types of real estate assets:
- “land, buildings and infrastructure used to deliver a direct service to the public, for example, schools, social housing, roads, and bridges.
- Assets that support service delivery, for example, administrative offices and vehicle depots.
- Investment properties that can generate an income now or in the future as an alternative to raising revenue through taxation.
- Trust properties whose ownership is vested in a public body which can act as the trustee or guardian of such properties on behalf of the community as a whole, for example heritage buildings, or a section of it, such as reserves set aside for indigenous people”.
The first two types of property raise matters of efficiency and the research concentrates on the sec-ond one, namely, instrumental assets that support service delivery or operational property, property which an organization uses and/or owns in order to undertake its main function
(Gibson, 1994).Pro-active management