
Property Asset Planning (PAP) is the process of developing a plan for the future use of real estate assets. PAP includes the analysis of current conditions, the identification of potential future uses, and the creation of a strategy for achieving those goals. A property asset plan serves as a tool for decision-making. Managers can use it to make decisions regarding investments, acquisitions, dispositions, and divestitures. It contains information about a firm's real estate holdings, including the location, size, condition, and ownership of each piece of real estate. It helps managers understand the financial implications of owning certain types of assets. It also provides a framework for evaluating whether a particular investment makes sense based on the firm's strategic goals.