Generalist Vs. Specialist - What Fits Your Needs?
Commercial real estate Advisors are often referred to in one of two ways and it’s important to be aware of the key differentiators. Some Advisors are generalists while others focus on a specific commercial sector.
This is an important consideration of yours and here’s why. Generalists have a broad level of experience in a wide range of commercial transactions, development and geography. They work best with investors and clients who have a variety of project or investment needs.
When an Advisor reaches Top of Mind status within the profession, they are considered commercial real estate specialists who have relevant and demonstrated experience and expertise. Fellow real estate professionals, tenant reps, building owners and investors will recognize this professional as a specialist. We refer to our commercial real estate team as Advisors because it denotes a higher level of professionalism.
Selecting an Advisor? Here are the basic characteristics of each:
Commercial Real Estate Generalists:
It is best to work with a professional commercial real estate company who is known for their integrity, expertise and client-centric approach. They should have significant experience offering real estate solutions, professional advice and counsel that is relevant to your specific situation.
The Advisor you select to work with should be part of a trusted, diversified commercial real estate division an impressive mix of experience and superior level of professionalism. Their combined expertise will comprehensively serve real estate owners, developers, investors, tenants and lenders.