{"id":9525,"date":"2014-03-12T05:00:51","date_gmt":"2014-03-12T12:00:51","guid":{"rendered":"http:\/\/www.yardi.com\/blog\/?p=9525"},"modified":"2020-12-24T02:27:38","modified_gmt":"2020-12-24T10:27:38","slug":"millennial-managers","status":"publish","type":"post","link":"https:\/\/www.yardi.com\/blog\/millennial-managers\/","title":{"rendered":"Millennial Managers"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-2774\" src=\"https:\/\/www.yardi.com\/blog\/wp-content\/uploads\/sites\/15\/2012\/07\/womens-business-1-300x200.jpg\" alt=\"business woman standing with her staff at conference\" width=\"300\" height=\"200\" \/>As Baby Boomers by the thousands prepare to retire, training their successors is taking on fresh urgency. Anecdotal evidence suggests that a growing number of people are making real estate management a career of choice rather than chance. Nevertheless, some experts contend that the profession must further step up both recruitment and mentoring.<\/p>\n<p>All too often, some leading executives contend, the industry is unwittingly discouraging its own talent pool by placing too much weight on experience. And while IREM, Building Owners and Managers Association International and other groups sponsor outreach programs and networking opportunities, Joe Greenblatt, IREM\u2019s 2014 president and president of San Diego-based multi-family specialist Sunrise Management, finds that young people often feel frustrated about the lack of responsiveness from prospective employers\u2014and that is a missed opportunity.<\/p>\n<p>Once they\u2019ve been hired, managers of all ages say, employers would do well to cater to the very distinctive traits 20-something professionals tend to share.<\/p>\n<p>To begin with, Millennials prize mentoring. Communicating back and forth is a must, according to Dee Headley, an Indianapolis-based vice president for Cassidy Turley and chair of IREM\u2019s advisory board on student and academic outreach. And the more specific the expectations, the better, notes Va\u2019Shajn Parr, who joined La Jolla-based Capital Growth Properties Inc. as an assistant property manager last summer and works on two portfolios comprising 33 properties. Furthermore, feedback should be individually tailored, says Kacey Morris, director of property management for Prologis Inc. in metropolitan Atlanta.<\/p>\n<p>Another essential Millennial quality is zeal to take on challenges right out of the gate. After all, this energetic, hands-on generation wants to make important contributions, according to Kent Bell, a property manager for Washington Real Estate Investment Trust. Karen Whitt, COO of U.S. real estate management services for Colliers International, likes to devise creative challenges for her best and brightest young managers.<\/p>\n<p>At the same time, veterans should be tuned in to causes of frustration, advises Ashley Cooper, who graduated from San Diego State University with a real estate finance degree in 2007 and now manages four properties in Charlotte, N.C. While learning the ropes of real estate management involves some routine tasks, it helps to explain why each of those tasks is important to give them perspective, she says.<\/p>\n<p>For her part, Prologis\u2019 Morris makes it clear to this group, which tends to be impatient to advance, that advancement is a structured process\u2014but that she is constantly ready to go to bat for her prot\u00e9g\u00e9s.<\/p>\n<p>Her promise: \u201cI will mentor you to whatever level I can get you to, and support you if you decide to go elsewhere.\u201d<\/p>\n<p>Commercial Property Executive<i> senior editor Paul Rosta writes about property management for the magazine. He wrote about <\/i><a title=\"Recruitment and mentoring of millennials\" href=\"http:\/\/digital.cpexecutive.com\/publication\/?i=188719&amp;p=41\" target=\"_blank\" rel=\"noopener\"><i>recruitment and mentoring of Milliennials<\/i><\/a><i> in the January 2014 issue of <\/i>CPE<i>. And log on to CPE TV to hear more from <\/i><a title=\"Va'Shain Parr\" href=\"http:\/\/www.cpexecutive.com\/business-specialties\/propertymanagement\/mentoring-millennial-managers\/\" target=\"_blank\" rel=\"noopener\"><i>Va\u2019Shajn Parr<\/i><\/a>.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Baby Boomers by the thousands prepare to retire, training their successors is taking on fresh urgency. Anecdotal evidence suggests that a growing number of people are making real estate management a career of choice rather than chance. Nevertheless, some experts contend that the profession must further step up both recruitment and mentoring. All too [&hellip;]<\/p>\n","protected":false},"author":445,"featured_media":2774,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_s2mail":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4],"tags":[133,732,291,589],"class_list":["post-9525","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-demographics","tag-management","tag-millennials","tag-multi-family"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Yardi Blog<\/title>\n<meta name=\"description\" content=\"As Baby Boomers by the thousands prepare to retire, training their successors is taking on fresh urgency. Anecdotal evidence suggests that a growing\" \/>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Millennial Managers\" \/>\n<meta property=\"og:description\" content=\"As Baby Boomers by the thousands prepare to retire, training their successors is taking on fresh urgency. 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