{{no footnotes, date=September 2010 Infrastructure Lifecycle Management (ILM) is a term coined by the

real estate Real estate is property consisting of land and the buildings on it, along with its natural resources such as crops, minerals or water; immovable property of this nature; an interest vested in this (also) an item of real property, (more general ...

sector. It covers the management of all core processes around planning,

construction Construction is a general term meaning the art and science to form objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Press 2009 and com ...

, operation, maintenance and commercialization of buildings or property. The life cycle of a real estate property starts with the planning and realization phase, carries on with the commercial usage and facility management and is finalized by the demolition, dismantling or conversion of the property.

References

* David G. Cotts (1998). The Facility Management Handbook, AMACOM. * Robert C. Kyle, Floyd M. Baird, Marie S. Spodek (1999). Property Management, Dearborn Real Estate Education. * W. Ronald Hudson, Ralph Haas, Waheed Uddin (1997). Infrastructure Management: Integrating Design, Construction, Maintenance, Rehabilitation and Renovation, McGraw-Hill Professional Publishing. Property management