December 10, 2018 What Do Asset Managers Want?
What Asset Managers Want was recently covered by Commercial Property Executive:
There are many ways property managers can add value to their colleagues in asset management. First and foremost, asset managers are looking for property managers to understand the investor’s strategy. If a property manager can speak the language of finance and real estate management, it helps lend credibility to themselves. It is important for a property manager to grasp the client’s investment strategy.
Since creativity is another prized quality, asset managers look for the value property managers can add by providing market insight such as the granular, on the ground knowledge that extends beyond generic third-party reports. Usually, asset managers need property managers to transform data into actionable information.
Lastly, asset managers look for a property manager that can defuse tensions between the client and a service provider. Property managers should think boldly, take the initiative and act as a partner. In short, they should be boosting the bottom line.
Read more on Commercial Property Executive.