THE IMPACT OF NEW TECHNOLOGIES ON SPACE, OPERATIONS AND REVENUES
11.IMPACT OF TECHNOLOGIES
Corporate Financial and Property Management Information Systems The impact of the technologies is important not only to improve the operations and performance of the company, but it provides an additional and effective means of communicating between the company and its shareholders, residents and employees Investor Relations The impact of the technologies is import due to the fiduciary responsibility the firm has to shareholders. As a publicly traded company, management is responsible for maximizing the resources, technological or human, to increase shareholder value. Internets, Intranets and Extranets provide the best channels for disclosure, along with added operating efficiencies. Residents The eventual impact on the resident will be the delivery of technology services. Multifamily apartment owners will eventually move to bundle Internet services with cable television and phone services as part of a menu of technology services for apartment renters (Newman). FUTURE TECHNOLOGIES IN THE REIT INDUSTRY New Regulations The Real Estate Investment Trust Modernization Act of 1999 (H.R. 1616) is currently in the budget process. If this legislation is passed, it would allow REITs to generated additional revenues from other sources (subscribers and subsidiaries) than just rents, still retain its tax preferential status (NAREIT). The REIT Modernization Act would permit REITs to create taxable subsidiaries beginning January 1, 2001. E-Commerce The future of the real estate industry and REITs in particular will be dependent on their ability to accept the web portal business model. If firms cannot develop the technology in house partnerships and other lines of business will need to be developed:
• Online Content and Media
• Enabling Technology
• Electronic commerce
• Internet Access/Online Service Provision
• Interactive Services
• Multiple Operations to have access to Broadband infrastructure, and proprietary distribution networks. These factors will be critical in creating and maintaining the value of commerce and community.
Tugasan ini sebenarnya kami pernah buat sebelum ini cuma mungkin soalannya diubah-ubah setiap semester. Namun kehendak soalan sebenarnya adalah hampir sama setiap semester.