Which of the following describes a key responsibility of an asset manager in a REIT?

The main responsibility of an asset manager within a Real Estate Investment Trust (REIT) is to oversee the performance of the property portfolio. This includes analyzing the financial performance of the properties, setting investment strategies, and determining the best approaches to maximize returns for the investors. The asset manager evaluates the performance of each asset, makes decisions about property management, capital improvements, and which assets to buy or sell based on market conditions and overall portfolio strategy.

While maintaining financial records, establishing relationships with tenants, and conducting market research are indeed important tasks in the real estate process, these fall more into the realm of property management, tenant relations, or marketing functions. The asset manager’s overarching responsibility focuses specifically on the portfolio's performance and strategic direction, ensuring that the REIT meets its investment objectives while aligning with market conditions and potential risks.