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You're managing a team in Corporate Real Estate. How can you avoid common mistakes?

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Managing a team in corporate real estate (CRE) can be challenging and rewarding. You have to deal with complex projects, diverse stakeholders, and dynamic markets. You also have to lead, motivate, and support your team members, who have different skills, personalities, and goals. How can you avoid common mistakes that can undermine your team's performance and satisfaction? Here are some tips to help you succeed as a CRE team manager.

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Dimitra Maniatis

Global Operations Executive specializing in strategic planning, M&A, and negotiations. Proven leader driving savings…
Oluwabukunolami OKEWUSI

Real Estate Valuation and Advisory Asset Valuation Real Estate Project Management Real Estate Investment Analyst
Yazan Shadeed

CEO @ Inches Real Estate | VP @ Jordanian Association For Real Estate Valuers | Real Estate Investor | IT Enthusiast |…

1 Know your team

One of the first steps to effective team management is to know your team well. This means understanding their strengths, weaknesses, preferences, and motivations. You can use various tools and methods to assess your team's profile, such as personality tests, feedback surveys, or one-on-one meetings. By knowing your team, you can assign tasks, set goals, and provide feedback that match their abilities and interests. You can also foster a positive team culture that respects and values diversity.

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Yazan Shadeed

CEO @ Inches Real Estate | VP @ Jordanian Association For Real Estate Valuers | Real Estate Investor | IT Enthusiast | Passionate Innovator
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In my previous role leading a real estate team, we faced a challenging project selling a prestigious house. Despite expertise, some team members struggled. One-on-one meetings revealed stress and pressure. I provided negotiation training, flexible work arrangements, and organized team-building events. Morale improved, sales picked up, and we successfully sold the property. Knowing my team on a personal level proved crucial in overcoming challenges and delivering results in the competitive real estate market.

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Ahmad Bouzoubaa ??

Installe les entreprises et les particuliers dans les grandes villes du Maroc et aux Emirats. Acheter et louer avec #abicapital Immobilier premium.
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Pour mener votre équipe à la réussite, prenez le temps de conna?tre chaque membre. Comprenez leurs forces, faiblesses et motivations. Une équipe valorisée est plus engagée et performante. Cela évite les malentendus et renforce la collaboration.

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Mohammed Afzal ??

Brand Marketing Expert | 7+ Years Revolutionizing Retail, FMCG, and Real Estate Sectors | Let's Connect!!
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What I feel is to avoid common mistakes in corporate real estate team management, understand individual dynamics, utilize assessment tools, promote open communication, embrace diversity, and continuously evaluate and adjust strategies to ensure team cohesion and productivity.

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2 Communicate clearly

Another key to successful team management is to communicate clearly and frequently. You have to ensure that your team understands the vision, strategy, and objectives of each project. You also have to keep them informed of any changes, issues, or opportunities that arise. You can use different channels and formats to communicate with your team, such as emails, meetings, reports, or dashboards. However, you should avoid overloading them with information or sending mixed messages. You should also encourage open and honest communication within the team and with other stakeholders.

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Ahmad Bouzoubaa ??

Installe les entreprises et les particuliers dans les grandes villes du Maroc et aux Emirats. Acheter et louer avec #abicapital Immobilier premium.
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Une communication efficace est essentielle. Soyez transparent sur les objectifs et les attentes. Encouragez le feedback pour créer un environnement de travail positif. Cela aide à prévenir les erreurs et à assurer que tout le monde est sur la même longueur d'onde.

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Mohammed Afzal ??

Brand Marketing Expert | 7+ Years Revolutionizing Retail, FMCG, and Real Estate Sectors | Let's Connect!!
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Effective team management relies on clear and frequent communication of project vision, strategy, and updates. Utilize diverse communication channels, encourage open dialogue, and practice active listening to foster alignment, trust, and collaboration within the team and with stakeholders.

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3 Delegate effectively

As a CRE team manager, you have to balance your own workload and responsibilities with those of your team. You have to delegate tasks and decisions that are appropriate for your team's level of expertise, autonomy, and accountability. You have to avoid micromanaging, which can erode trust and confidence, or under-delegating, which can create bottlenecks and frustration. You have to monitor and support your team's progress and performance, but also give them space and freedom to innovate and learn.

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Ahmad Bouzoubaa ??

Installe les entreprises et les particuliers dans les grandes villes du Maroc et aux Emirats. Acheter et louer avec #abicapital Immobilier premium.
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Savoir déléguer est crucial. Assignez les taches en fonction des compétences de chacun et faites confiance à votre équipe pour les accomplir. Cela développe leurs compétences et vous permet de vous concentrer sur la stratégie globale. Une délégation réussie mène à une équipe plus compétente et autonome.

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4 Recognize and reward

One of the most important aspects of team management is to recognize and reward your team's achievements and contributions. You have to show appreciation and gratitude for their hard work and dedication. You have to celebrate their successes and milestones, as well as their efforts and improvements. You can use various forms of recognition and reward, such as verbal praise, written feedback, bonuses, incentives, or career opportunities. You have to be fair, consistent, and transparent in your recognition and reward system.

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5 Develop and empower

Finally, as a CRE team manager, you have to develop and empower your team members. You have to provide them with opportunities and resources to grow their skills, knowledge, and experience. You have to coach and mentor them, as well as facilitate their learning from each other and from external sources. You have to empower them to take ownership and responsibility for their work and results. You have to challenge them to stretch their potential and achieve their goals.

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Dimitra Maniatis

Global Operations Executive specializing in strategic planning, M&A, and negotiations. Proven leader driving savings and delivering transformative solutions for multinational enterprises.
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To lead a successful team, you need to empower them with tools and knowledge. Be clear in your communication, give regular coaching and feedback, empower them by delegating tasks and responsibilities based on their strengths and expertise, and let them take ownership of their work. Develop strategic plans with clear objectives. Give them the tools to stay up to date with market trends. Encourage knowledge sharing, idea generation, and cross-functional collaboration to leverage the expertise of the team. Encourage continuous improvement by seeking feedback. learning from past experiences and implementing process enhancements.

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6 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Oluwabukunolami OKEWUSI

Real Estate Valuation and Advisory Asset Valuation Real Estate Project Management Real Estate Investment Analyst
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Stick to the basics as it concerns your goals and objectives. Keep it simple without loosing sight of the big picture. You sure can’t miss it this way.

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Rozita Harun??????

Retired
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List down the common mistakes and go through each one with your team members. Most problems are with negotiation and client relationship in finding a win win solution. You may have to step in to support the team member to seal the deal and just work as a team. Teamwork is best and give them a team incentive on successful transactions.

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Cletus Paul Ozoemena

Paradise Homes and Properties
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SET UP A SYSTEM THAT WORKS. You can't be everywhere but your eyes can be everywhere when you set up a working system that helps you monitor every department of the organisations

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You're managing a team in Corporate Real Estate. How can you avoid common mistakes?

1

2

3

4

5

6

1 Know your team

2 Communicate clearly

3 Delegate effectively

4 Recognize and reward

5 Develop and empower

6 Here’s what else to consider

Corporate Real Estate

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You're managing a team in Corporate Real Estate. How can you avoid common mistakes?

1

2

3

4

5

6

1 Know your team

2 Communicate clearly

3 Delegate effectively

4 Recognize and reward

5 Develop and empower

6 Here’s what else to consider

Corporate Real Estate

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感谢您的反馈

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