What information should asset managers not request from brokerage firms?

Asset managers are responsible for ensuring that they have the necessary information and resources to manage properties effectively. When working with brokerage firms, it's essential to gather information that directly impacts the management and performance of the properties.

Requesting strategies for property management from brokerage firms typically falls outside the scope of what asset managers should seek. The strategies for property management should primarily originate from the asset manager's own team, who should have a clear understanding of their specific property needs, objectives, and investment strategies. Brokerage firms may provide valuable insights about the market and various property trends, but detailed management strategies should be developed internally, tailored to the specific assets the managers oversee.

In contrast, requesting names and bios of the leasing team, understanding other assignments the firm is supporting, and obtaining evaluations of the property and market analysis are all critical pieces of information that contribute to effective asset management. These requests help asset managers comprehend the capabilities and experience of the brokerage firm, how they compare in the marketplace, and how they can leverage their expertise to optimize property performance.