GO
Functions Contained in the Reference Data Model


Commercial Listings  
Commercial Introductions Supports the introductions of commercial property opportunities by sellers to Investment Agents/Advisors.  Enables increased productivity for the entire lease and property management ecosystem including for example Accounting, Property and Portfolio Management as well as Tenant Services.
Send Commercial Listing Makes it easy to exchange property, lease and tenant information between Property Owners when a new property is sold or purchased.
Leasing  
Send Lease Supports the lease transaction process by allowing all parties involved to generate and share lease information from the Introductions & Listing stage all the way along the process to completion of a lease.
Send Lease Abstract Supports the exchange of lease highlights for direct import into lease administration systems and databases.

Nominations

 
Portfolio Information Exchange  
Portfolio Information Exchange Focuses on large-scale portfolio transactions, assists in portfolio consolidations and mergers, and increases the speed and accuracy of transferring core property portfolio during those critical situations.
Facilities Management  
Occupancy Cost Exchange Provides the information to identify and manage Total Occupancy Costs (TOC). The Standard makes it easy to share data on costs of occupancy more frequently between Occupiers, Service Providers and Benchmarking organizations as well as facilitating production of real estate performance metrics for Occupiers.
Send Service Request Automates the process of sending individual request for services and associated fulfillment of requested actions managed using work orders. 
Dispatch Work Order  
Raise Repairs  
Space Management
Send Space Management Information  Focuses on utilization of space and facilitates the exchange of data relating property and space attributes, space allocations, chargebacks, alternative office special considerations, space reporting and performance metrics.
Valuation, Appraisal and Performance  
Investment Valuation Update Allows for updates to underlying information used for valuations at the generate electronic valuation reports.  Supports the exchange of multiple groups of data relating to a portfolio, including leases, valuation, accounting and others.
 Investment Performance Reporting Makes it easy to submit data inputs for direct and indirect properties to multiple parties e.g. Benchmarking, Index and Analytics Service Providers for measurement and performance analysis.
Appraisal Reporting Supports data exchanges for property appraisal or valuation based on the Appraisal Institute’s 13 standard property types.
UK Specific  
Residential Conveyancing Automates exchanges between Conveyancers during the sale or purchase of a residential property thus reducing paper, printing and postage costs as well as increasing speed of transaction.
Land Registration
Enables stakeholders interacting with the Business Gateway platform to submit requests and receive results for example Search by Property description directly from Land Registry’s Case Management systems.
Searches Automates all the exchanges required in the process of requesting and fulfilling a search e.g. Local Authority and Drainage and Water during the purchase of a residential property.

 

Choosing an OSCRE Standard
OSCRE Standards are a member benefit.  To request a download of the OSCRE Standards, please contact OSCRE at info@oscre.org.

OSCRE’s Core Data Model is a solid framework that offers your organization a streamlined and consistent approach while easing  the flow of information with your business partners. You may need only a subset of the OSCRE Standards to get you going. The following are some useful tips on choosing which OSCRE Standards to start out with and how to proceed.

  1. Data Model and Integration Points. Ideally, start by looking at your whole data model and where the points of integration are within your company and with your business partners – either those that provide information to you or others that depend upon you to provide information.
  2. Which Business Processes? Identify the primary business processes you want to enable with information exchanges. For example, you might start with Lease Transactions, knowing you might expand to include Occupancy Cost Management or Portfolio Reporting at a later stage.
  3. How Many Sources? It will also help to look at where the information will be coming from and going to for you to assess the extent of the application of the standards – multiple "systems of record" are common.
  4. Think About Data Management and Governance. It’s rare these days for anyone to be an island of information. With dependence on others and their sources, it's important to plan how information will be collected, aggregated, and exchanged. The OSCRE Standards are specifically designed to help you manage that process. Data governance practices are also getting alot of attention. Think strategically about how both data management and data governance will be part of your implementation plan.