FIVE MEMBERS of NAIOP’s Family-owned Business I and II Forums
offer their insights into the future
of family-owned CRE businesses
as well as some of their strategies
to successfully manage and convey
the business to the next generation.
They also provide their insights on
the bene;ts of the following:
The Future of
The Experts: Five Members of NAIOP’s Family-owned Business Forums
By Ron Derven • Creating a generational overlap so
that the older generation can pass
on its wisdom to the younger one.
• The importance of getting “real
world” work experience outside of
the family business.
• Making sure that new family
members coming into the ;rm
develop skills in at least one area
of commercial real estate to add
value to the company.
• Allowing only those family members working in the business to
• Ensuring that family members
coming into the business gain
the respect of other employees
and the industry.
• How to avoid playing favorites
when it comes to family.
How can family-owned businesses stay competitive
in the commercial real estate industry?