property asset:

... Something tangible or intangible that is owned and has economic value so that it can be converted to capital. Economic value means that the property has material worth as an asset that is derived from its ability to generate income or to be used as collateral.

The term material worth may often indicate that property is a tangible possession, as is the case with real property, but it may also indicate, for example, intellectual property.

Those who are in charge of real property assets owned by enterprises may carry titles such as real estate asset manager, i.e. property assets that are real estate assets.

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