Real estate management activity is related to the legal issues of property maintenance, work planing (technical and economic) and it`s organization and planaing monitoring. Real estate is managed by either the property owner/s or legal prossessor. This means that they have the right to entrust the management of work, under contract, to a company engaded in property management and administration or to a physical person who provides property management services. Real estate management, it`s maintenance and restoration are closely connected with real estate ownership opportunities for effective and sustained implementing his rights, obligations and opportunities for development. Administration and management of real estate life cycle is on of the most important components after the construction of real estate. Research subject is real estate management, but the research object – property management portfolio. Aim of research is to investigate the real estate portfolio management strategy development, identifying prospects for building a portfolio of real estate management. The research has specific value and novlety, because of the deeper investigation on the real estate portfolio managements most important aspects affecting the efficient operation of the process and examined risk management role in portfolyo management, which significantly affects the whole process of future prospects and quality. To get information, monographic methods, questionnaries, quantitative and analitical methods where used.