August 31, 2017
Personality Traits Of Commercial Real Estate CEOs
Personality Traits Of Commercial Real Estate CEOs August 28, 2017 | Natalie Dolce | GlobeSt.com There are many unique personalities in the executive suites of CRE investment and development companies. …

Read more

Personality Traits Of Commercial Real Estate CEOs

August 28, 2017 | Natalie Dolce | GlobeSt.com

CEO - Bunch of Keys with Text on Golden Keychain.

There are many unique personalities in the executive suites of CRE investment and development companies. CRE is a difficult entrepreneurial business and most individuals who become CEO’s derive their character and personality traits from this experience and their upbringing. In the exclusive commentary below, written by Joseph Ori, executive managing director of Paramount Capital Corp., he discusses these personality traits and how they can be good or bad depending on the specific individual and their life experiences. “Some traits are positive and produce great CEO’s and others are negative and may cause individuals to become flawed executives.” Three primary CRE personality traits that he discusses are: the Deal Junkie, the Brain and the Sleazeball.

The views expressed below are Joseph Ori’s own.

The Deal Junkie is a CRE CEO who excels at making deals, however, they end up making some good, but mostly bad deals. They are more interested in how many deals they make and money they earn than if the transactions make financial sense or are profitable. They usually excel at making the deal, but leave the details and closing issues to someone else. It appears the Deal Junkie CEO obtains a certain thrill from the deal aspects and the notoriety but has little interest in the specifics of the transaction. They get great press and complimentary articles written about them in major newspapers and magazines. They are invited to speak at key CRE industry conferences and are lauded at their deal making prowess. The Deal Junkie usually grows his firm quickly by the rapid deal making, but inevitably, gets into financial trouble when the economy turns down or the real estate market crashes. The Deal Junkie doesn’t realize that a lot of deal making requires a lot of real estate debt and when the market turns negative, the high debt load becomes a big problem. Since the Deal Junkie’s skills are in doing the “next deal”, they usually lack the management, operational and risk containment skills that are necessary to run a large real estate organization and for long term success in the CRE industry. Most Deal Junkie CEO’s have a meteoric rise in the industry followed by a big crash.

Read Full Article Here

 

Recent

Eagle Point Credit Creditflux Awards

Eagle Point Credit Creditflux Awards

Eagle Point won 48% of the vote for “Best US CLO Equity Investor” and 42% of the vote for “Best US CLO Junior Debt Investor”.

Most Popular

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 10-3-2023 Blue Vault wishes to acknowledge and apologize for the delay in publishing some Q2 2023 NTR Individual Performance Pages (IPPs) as well as the full review. We recently added additional reporting metrics to our IPPs, and that, combined with coverage of all share classes and some additional…
Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update

Blue Vault Q2 2023 Performance Reports Update 9-25-2023 Blue Vault has published the Q2 2023 Nontraded BDC Industry Review as well as Individual Performance Report and Limited Operations pages for the following offerings (newly published pages in bold font): Nontraded REITS American Healthcare REIT Q2 2023 Apollo Realty Income Solutions Q2 2023 (limited operations) Ares…

Explore

Blue Vault Logo
Don’t miss alts news
and educational events

Subscribe Now