Executing The Plan | Managing The Asset - S3E7

Adventures in CRE Audio Series

Now that we've discussed the strategy and capital behind deal-making, and the due diligence required in conducting deals, let's talk about how to manage your assets. Ultimately, this is the step where quite frankly, the value comes to reality. Both Michael and Spencer have been on the development side of the real estate business and this episode features their advice when it comes to assets in real estate. What's interesting is that real estate is a relationship business, it's a people business, and this gets to the deepest parts of achieving anything. The right team, the right skill sets, you bring it together and magic can happen. When it comes to asset management, there was a decision at the higher level to select the personnel. So it was a personnel selection.