During the last three years the market saw a great number of transaction, both in commercial and residential real estate. Many properties were sold or are about to be sold.

Such a hot real estate market means a lot of business for property management companies.

Change of the ownership of properties under outside management creates may queries and doubts in management companies: how to retain existing clients in new circumstances? What strategy to use when signing the management contract to secure their business in case of ownership change? What measures to take to prove their professionalism to the new owner and expertise gained in a given property?

The new owner faces a great challenge: to take possession of the property in a such a manner its users do not feel uncomfortable, they are not concerned and uncertain about their future occupancy and the property operations are not disturbed by any other factors. What are the steps every new owner has to take? When all crisis situations are over and normal operation of the property is reinstated under the new ownership? The new owner needs to know whether to leave the existing management system as is and what the pros and cons are of changing the system and/or the company. Should he have one management company for all his projects and reduce the number of his own maintenance staff, or the other way round – hire on-site managers to coordinate contractors and service providers in different properties.

The sale induces concerns among the most important group of stakeholders (from the viewpoint of income generation), i.e. tenants: what is going to change? Will the change contribute to higher or lower tenant service and how it will affect operations of the property?

For all parties involved in the sale and purchase deal, including property users and service providers, the key question is to find a “golden rule” allowing to close the transaction to the effect that tenants feel the change as little as possible and to work out the most effective system of managing properties and adding them to a new owner’s portfolio.

The objective of the conference is to establish a networking platform for owners/investors, users and property managers, sharing experience and best practices among professionals on both sides of the transaction.

The conference will have the form of presentations and discussions. Your active participation is needed for opinions of both property owners and managers to be put across. Also developers, real estate investment funds and tenants will share their views.

The conference is dedicated to property owners, developers, financial officers, managers, tenants, real estate journalists and all parties interested in the subject matter.

ATTENTION!

Training fulfills requirements of Ministry of Infrastructure for continuous education for property managers.