Succession

Preparing for the unexpected and planning for the inevitable are two very important business strategies. Real estate Boards of Directors, Founders, CEOs and other Stakeholders are actively aware of the value of succession planning. Over the next decade over 50 percent of CEOs within existing real estate organizations are expected to retire or phase out of their current roles. Transitioning from the current to the next generation of stars and leaders is a process that requires a knowledge of the available governance options, sensitivity to the unique nuances of how to create value within the real estate industry and familiarity with matters of estate planning and leadership transition. Succession planning cannot be assigned to a committee, board or an advisor who does not understand how value is created within the real estate industry. This is one of, if not, the most important decisions a company must make. Succession planning must be carefully handled in order for it to succeed. Whether your organization is publically or privately held, is a family enterprise or is owned by select Executives/Partners, enacting a plan of succession is critical in these times of uncertainty.

CEL & Associates, Inc.'s experience and knowledge gained from over 500 client relationships enables us to advise, guide and facilitate a succession planning process. Succession planning is not filling out questionnaires, preparing "personnel" resumes, promoting agendas or requiring leaders to take psychological tests. CEL & Associates, Inc.'s process focuses on achieving business success, preventing business interruption and facilitating a seamless transition of control (at and when it is necessary and required… not when others think it is time).