Your Property Manager Should Know Your Exit Plan

Cheryl Todd

The retail industry has changed tremendously, and property managers have become integral to the success of an asset. Retail property manager Coreland Cos. emphasizes that property owners should work with property management to strategize, execute a business plan and maximize value at a property. Specifically, the firm says that it is important for owners to communicate the end goal and so the property manager can guide the strategy appropriately. We sat down with Cheryl Todd, EVP at Coreland Cos., to talk about why owners should communicate their exit strategy and to find out how they are maximizing value at retail properties.

GlobeSt.com: Why is it important that property owners communicate their exit or business strategy with their property management team?