ILPT - It Pays To Be The External Manager
A few days ago, my friend and fellow Seeking Alpha contributor Dane Bowler wrote a much-needed article titled, REIT Management Matters. Here's the crux of Bowler's piece:
"Management and the business strategy can matter as much as the NAV and bad management can cause tremendous amounts of damage. This article will discuss some techniques to spot and avoid bad management as well as how to go about finding good management."
Bowler highlighted a few key aspects of corporate governance, and today I would like to focus specifically on one of these: external management.
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