Real Estate Management

at the Corporate and Worldclass level.

Managing property at the million sq ft level and above puts you in a very lofty class - world class in fact. Having what it takes to operate at that level is beyond all but a small percentage of the real estate firms or corporate real estate offices.

World Class Real Estate measures corridors in miles or kilometers. And that is at one location.

When you can spend a full day walking the property and not get to all the places you need to see you are at the World Class level.

We count elevators by the dozen.

Power loads are enough to make the local electric company call when our demand drops.

Security is a 24 hour 7 day requirement.

Water usage is measured in thousand gallon per minute flow rates.

Managers and owners working at this level require training, skill and a vast knowledge of many different technologies. Skills taught in few places and often learned the hard way.

Here we have collected a directory and resource - a reference point - for those at that level.

And of course, those who would like to be at that level.

Do you run at these levels? If you do, or want to, let us know.

Welcome to the Multi-Million SqFt Club!

Donald Trosper

Why is an Estate Plan Necessary?
First Commonwealth Financial Corporation
Before answering this question, it's important to understand how real and personal property passes following a death.

The Four Ways Real and Personal Property Passes at Death...

1.Direct transfer to a named beneficiary
a.This would include life insurance and retirement-type accounts
2.Jointly owned property, such as real estate will pass directly to the joint owner
3.A will bequeaths specific real and personal property to an heir
4.Operation of law or Dying in Testate - The state takes control of your estate

Without an Estate Plan, you could, Die in Testate. This means, a state court would choose an administrator of your estate and, if needed, a guardian for your minor (under 18) children.

The court appointed administrator would distribute your property according to state intestacy laws, regardless of any desire you may have expressed during your life.

Through a properly drawn will, you can...

* Protect your family's financial needs
* Minimize taxes
* Name an experienced executor or personal representative who will ensure that your wishes are carried out
* Name a guardian for your minor children
* Establish trusts to manage the inheritances of any beneficiaries who may be minors or are otherwise inexperienced in asset management
* Ensure that your assets will be managed prudently by appointing a qualified trustee of a trust created in your will
* Avoid delays and added expense that intestacy proceedings may involve
* Secure the peace of mind that knowing your family and other loved ones will be taken care of according to your wishes.

For more information call toll free at 877-367-3242.

About the Author

First Commonwealth Financial Corporation is a Pennsylvania business corporation established in 1983, registered as a bank holding company by the Board of Governors of the Federal Reserve System.
www.fcfbank.com