Choosing a REIT Management Team

Real estate in Canada is a business that requires active management in order to enhance value, increase yield and reduce risk to investors. Real estate investment trusts are dedicated to increasing rental income by increasing occupancy rates, enhancing the value of the property, and thereby, over time, commanding higher and higher rental rates. REIT management teams typically try to maintain current occupancy without interruption and renew existing tenants in order to reduce leasing costs and therefore ensure higher distributions. At the same time, a REIT management team will focus on providing affordable business premises for tenants to prevent turnover, and ensuring this affordability means keen attention to providing good value and service through spending on operating costs.

REITs typically feature a professional team that manages a diversified portfolio of high quality office and industrial assets in different locations. A REIT is focused on managing and growing growing a stable cash flow that generates sustainable returns by adapting our strategy and tactics according to constantly changing conditions in the real estate industry and the greater economy. A REIT management team typically works hard to build a growth-oriented portfolio of properties, with the end result of ensuring that unitholders (investors) receive sustainable cash distributions over long periods of time. A REIT management team also ensures that the activities of the trust adhere to appropriate legislation, and that distributions are well documented for tax purposes. All of this management oversight ensures healthy, sustainably returns, as well as due diligence that offers unitholders trust, confidence and certainty.

A REIT management team also develops and executes a strategy in order to provide a solid platform for stable and growing cash flows. Portfolios are usually composed of office, commercial or industrial space in concentrated key markets. Managers make sure REIT properties are ideally located, suitably priced and are able to produce consistent cash flow that increases over time. A strong team of should be entrepreneurial property managers who are highly experienced in the real estate professionals Focused on achieving increasing sustainable revenue and cashflow from REIT assets is always a top priority.

REIT managers will also work hard to diversify portfolios to mitigate risk – growth is achieved by continuously seeking properties that enhance the overall portfolio of the trust. As well, strong tenants help mitigate risk and also ensure the sustainability of distributions. REIT management teams should also operate the business in a disciplined manner; financial analysis and balance sheet management will help maintain a prudent capital structure.

Productivity Benchmarking – A Powerful Tool for Management Teams

Department productivity benchmarking is one of the most powerful and versatile tools available to progressive hospital management teams. Here are just a few of its uses.

  • As a Cost Management Tool: Labor costs remain the largest single component of any hospital’s expense budget. Managing labor costs is important for both financial and moral stewardship reasons. Department productivity benchmarking is an important first step in identifying and resolving excessive labor costs.
  • As an Overall Performance Screening Tool: Staffing variances are a marker for potential performance issues that go far beyond excessive labor costs. Departments frequently “staff up” to overcome operating problems caused by everything from organizational cultural issues and resource inadequacies to work process factors. Departments that consume an abnormal amount of labor resources because of these factors are more often than not also struggling with quality, physician and patient satisfaction, employee relations and community image issues. Done correctly, department productivity benchmarking will help identify those departments in the most need of management action.
  • As a Management Data Set Validation Method: More than sixty percent of U.S. hospitals are managing with inadequate or inaccurate management information. A systematic review of data, performed during the course of the benchmarking process, will identify errors in the management data set leading to better decisions.
  • As a Change Management Resource: Is your team in the process of building a new organizational culture to meet today’s challenges? Productivity benchmarking serves as an essential component of any serious management initiative to transform the classic hospital culture. Hospitals that routinely and systematically benchmark department productivity are communicating powerful performance expectations with action as well as words.

Modern technology has placed annual department productivity benchmarking within the easy reach of every hospital management team. Major changes take place in the hospital almost every day. How current are your department productivity benchmarks?

5 Reasons Why You Need a Trade Show Management Team

One of the most effective ways of keeping your business competitive is to present at industry trade shows. For events like this, it’s all about putting your company’s best foot forward and staying apprised of changes in your industry. If you are a business owner or an executive, you know that shows are one important component of an overall marketing strategy. What you might not know is that a third-party vendor can help you by building and handling the logistics of your show booth.

Here are some of the compelling reasons to hire a third-party management team.

1. It Saves You Time

Time is hard to come by these days, and whenever you can delegate time-consuming and tedious work to someone else, that frees up time to focus on other things. The ability to have someone outside of your business developing and building your booth means you and your own team can spend less time worrying about the event preparation, and more time worrying about your bottom line.

2. You Get Second Opinions

These are management teams with valuable experience. No matter how much you try to foster discussion and independent thinking in your business, at some point, it is possible to get stuck on one idea and lose touch with other ways of doing things. Having experts with novel ideas on how to utilize your trade show booth can help you regain a sense of perspective.

3. You Get New Contacts

Networking is all about who you know. Trade show management experts know a lot of people, and what better way to position yourself as a preeminent leader in your industry than to network through experts? You get a number of benefits from simply talking to people who know other people.

4. It Makes Financial Sense

One big benefit to such events is the way it helps you market your company. Advertising can be a shot in the dark sometimes, but you know that anyone at the trade show inherently has some interest in the kind of product or service your company provides. The money you put towards building your trade show exhibit can pay dividends later when you get new clients and contacts.

5. They Know Trade Shows

Since the point of a trade show exhibit is about marketing your company, you should turn to the people who build exceptional exhibits for a living. You might know your company, and even your industry, but a management team know these type of events best. Let them help you with their expertise.

To learn more about how you can build or rent a custom booth for your business,and have it delivered to your next trade show, contact Acer Exhibits.