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Introducing the Standards

Introductions & 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.
Commercial Property Information Exchange Makes it easy to exchange property, lease and tenant information between Property Owners when a new property is sold or purchased.
Commercial Information Exchange Facilitates the exchange of property related information during the sale or lease transaction, between Brokers and Listing Services.
Leases, Lease Abstracts & Lease Administration  
Lease Delivery 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.
Lease Abstract Supports the exchange of lease highlights for direct import into lease administration systems and databases.
Investment Management  
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.
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.

Portfolio Management Reporting Applying components from the OSCRE Portfolio Information Exchange the Standard enables the electronic transfer of property, lease and financial data from Property Managers to their Investors.
Occupier Portfolio Management  
Occupancy Cost Management 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.
Commercial Property Information Exchange Facilitates the exchange of property related information during the sale or lease transaction, between Brokers and Listing Services to support the property search process by Occupiers.
Space Management 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.
Facilities Management - Service Orders Automates the process of sending individual request for services and associated fulfillment of requested actions managed using work orders. 
Valuation & Appraisal  
Investment Valuation Allows for updates to underlying information used for valuations at the generate electronic valuation reports.
Real Property Appraisal Reporting

Supports data exchanges for property appraisal or valuation based on the Appraisal Institute’s 13 standard property types.

Residential Property Transactions  
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 Registry Business Gateway 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.
Lenders' Conveyancing Automates the exchanges between a Conveyancer and Lender during the sale and purchase of a residential property, consequently reducing the costs otherwise required to build systems connectivity.
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.
Home Information Packs To review and update the Version 1 of the Home Information Pack (HIP) Standard following recent statutory/regulatory changes and identify resulting process changes, develop and implement changes to the Standard as appropriate.
Legacy PISCES “1.6.1”  
Investment Valuation Updates  Supports the exchange of multiple groups of data relating to a portfolio, including leases, valuation, accounting and others.

 

Choosing an OSCRE Standard

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.