By Zoe Hughes 

This article is part of a series exploring the different facets of succession planning within real estate investment management. As the first generation of founders reach retirement age, a changeover in leadership is imminent as the industry continues to evolve and firms professionalize. 

Compensation is a key aspect of the hiring and retention of talent — ensuring continuity, and growth, of the firm. With compensation accounting for almost three-quarters of expenses at the average firm, how can and should firms most effectively incentivize and motivate employees? This two-part article delves into the topic of compensation in succession planning. 

In Part I, NAREIM speaks with Josh Anbil of Anbil Consulting on how firms should operate a succession plan, and how identifying and nurturing talent early holds the key to successful leadership. 

In Part II, NAREIM speaks with Kristin Renaudin of Stockbridge Capital and James Strezewski of Blue Vista Capital Management on the firms’ incentive strategies and compensation tools they have and wield.

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