Cross-Functional, but Not Aligned
A recent cross-functional conversation among commercial real estate professionals surfaced an interesting conundrum; acquisition teams should routinely collaborate with asset management groups, but don’t. Why not?
Imagine how much more richly informed decision-making could result from acquisition teams well-acquainted with the long-term capital plans for existing assets along with those they underwrite for consideration? Conversely, consider the possibilities for collaboration between asset management and acquisition teams considering potential asset classes, regions, etc., as they compare with assets currently held within the portfolio.