Viewpoints

Fall EO 2016 Meeting Report: What Kind of Leader Thrives in Times of Change?

Posted on February 22, 2017 in Viewpoints by admin

_04A4285“ Rough waters are truer tests of leadership.  In calm water every ship has a good captain.”                    – a Swedish proverb

Late in the cycle is when many ask if they are ready to weather the next downturn – and if the decisions they make today will help or hinder the future profitability of an investment, of a firm, or even of an industry. Are we making the right investments? Are the right people in the right places and are we resilient?

NAREIM leaders from across North America gathered to discuss leadership questions at the 2016 Executive officer meeting in September, and challenged themselves to become good captains even in rough waters. At the end of the day, that’s what every NAREIM meeting is about; not just the latest deal or the state of the capital markets, but questions of leadership, and how best to lead investment management platforms through good times and bad.

Peter DiCorpo, NAREIM’s new chairman as well as COO of Waypoint Residential reflected a bit on the importance of these kinds of discussions when he said, “I always learn something when I come to these meetings. The value can be ephemeral, but essentially, it boils down to this: how to make better decisions, how to work better with people and be more transparent, how to be more accurate and more effective, how to understand what happened in the past, what is happening right now and what will happen in the future.”

_04A3673“At NAREIM, we ask a lot of questions about how the business is changing and what we need to do to meet those changes. It is understood that good leadership means questioning and perhaps even changing strategies, platforms and ourselves in order to thrive in a changing landscape.”

“There is nothing easy or comfortable about leadership, but it’s always interesting.”

For a full report, click here.