Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Kent Elliott Elliott: “You’ve got to point to the mountain and say, ‘I’m going to climb that mountain.’ Accept that we’re all replaceable, and we’re not invincible.”

NEWPORT BEACH, CA—CRE recruiting firm RETS Associates reports that only 22% of CRE leaders perceive succession planning as valuable. According to the firm, over the next five years, the C-level executives will be retiring, and there has yet to be sufficient planning to know who will fill their positions. We spoke with principal Kent Elliott about why this is dangerous and what you can do about it.

Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.

More from this author


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2019 ALM Media Properties, LLC. All Rights Reserved.