How do you communicate and collaborate with other stakeholders and advisors in M&A projects involving CRE?

1 Understand the objectives and expectations

The first step in any M&A project involving CRE is to understand the objectives and expectations of the parties involved. What are the drivers and goals of the transaction? How do they align with the CRE strategy and portfolio? What are the risks and opportunities? How do they measure success? By clarifying these aspects, you can establish a common vision and a clear scope of work for your role as a CRE advisor.

3 Communicate clearly and consistently

Communication is vital for any M&A project involving CRE, as it ensures alignment, transparency, and accountability. You need to communicate clearly and consistently with other stakeholders and advisors, using the appropriate channels, formats, and frequency. You also need to tailor your message to your audience, highlighting the relevant information, insights, and recommendations for each group. Moreover, you need to listen actively, ask questions, and provide feedback, to foster a dialogue and a feedback loop.

4 Collaborate effectively and efficiently

Collaboration is another key factor for any M&A project involving CRE, as it enables coordination, integration, and innovation. You need to collaborate effectively and efficiently with other stakeholders and advisors, using the best tools, methods, and practices. You also need to leverage your expertise, experience, and network, to add value and solve problems. Furthermore, you need to respect the roles, responsibilities, and perspectives of others, and seek win-win solutions.

5 Manage the change and the transition

The final step in any M&A project involving CRE is to manage the change and the transition that result from the transaction. This may involve relocating, consolidating, or disposing of assets, as well as adjusting the policies, processes, and culture of the organizations involved. You need to manage the change and the transition with care and sensitivity, involving the relevant stakeholders and advisors, and addressing the impacts and implications for the people, the operations, and the finances.

6 Learn and improve

The last tip for communicating and collaborating with other stakeholders and advisors in M&A projects involving CRE is to learn and improve from each experience. You need to evaluate the results and outcomes of the transaction, as well as your own performance and contribution. You also need to solicit and provide feedback, and identify the best practices and the lessons learned. By doing so, you can enhance your skills, knowledge, and reputation as a CRE advisor.