Sometimes, despite obvious performance-based criteria, the emotional attachment to a property can blur judgment. The inclination to resist, to hold hope and place faith in promising commercial indicators, can be irresistible. In other instances, unanticipated changes in real estate agreements affect operating metrics immediately, eliminating the chance to anticipate, plan accordingly, and act prudently. Too frequently, these dynamics result in decision delays that worsen the problem. Disposition is difficult; overdue disposition is more difficult.
At Foremark, we believe that real estate property disposition decisions are both rational and emotional, a careful balance of intelligence and instinct.