Women are making progress in commercial real estate

More women are making serious strides in commercial real estate in recent years, and women-owned businesses are on the rise.According to 2020 women in commercial real estate (CREW) reports that women make up only 36% of the industry and only 9% of management positions are held by women.

Additionally, the commercial real estate (CRE) industry has created many organizations, such as CREW, to support women in the industry and promote diversity. As the industry has become more inclusive and open to talented women, many, myself included, have broken down barriers to success with her CRE private equity. It is very important for women to enter this field.

Greater gender equality is key

Female CEOs may be few and far between, making up less than 5% of CEOs, but history shows that they have been able to generate significant returns for investors. Thirteen of her 24 female CEOs in the S&P 500 outperformed the index in terms of cumulative total returns during their tenure.

Some companies have achieved 3 and even 4 digit percentage gains. The biggest outperformer among women-owned S&P 500 companies is healthcare-focused real estate investment trust Ventas, which has posted a cumulative total return of 2,559% since Debra Cafaro took over as CEO in March 1999. is producing

research by International Finance Corporation of the World Bank Group. Greater gender equity has been shown to improve the performance of investment teams at private equity firms. According to the study, “Gender-balanced funds delivered 1.7 percentage points higher excess net internal rates of return than male- or female-dominated funds.” “Our research found that these benefits likely included enhanced investment decision-making and deal financing.”

Sharpening skills and mentorship

For me, the real estate industry has sharpened my skills to enter the private equity industry.
Balancing having young children and the need to succeed was a challenge. The second challenge was my inexperience and lack of mentorship. New York is he one of the most competitive cities in the world. I chose a male-dominated, ego-driven, fast-paced industry, but my determination to get it done and my confidence in my abilities kept me going.

In retrospect, smooth seas don’t make for a skilled sailor, but the hardships were real and were the most important years of my career. It’s a similar challenge to anyone who is. New York City is not for the faint of heart. I’ve grown tough skin and learned how to punch through deal after deal.

I believe that all over the world, and especially in New York City, commercial real estate is becoming a more diverse and inclusive industry. Standing proud outside NYC wall street stock exchange A fearless girl. She ignited a global conversation about the power of women in leadership and inspired companies around the world to add women to their boards.

Initiatives for Diversity and Inclusion

Diversity and inclusion initiatives are top of mind for many commercial real estate firms. My real break came in 2017 when I met Joe Berko and his team at his event at Real Estate Networking. In midtown Manhattan, Joe ran a large structured commercial brokerage firm specializing in finance and advisory. Aster Realty CapitalI joined Astor as an originator and helped form joint ventures with best-in-class developers and operators across all asset classes.

Many of the developers and large institutions that Astor works with believe they are working with and mentoring more women. More of her CRE companies are accommodating work-life balance, making it easier for women to participate in both domestic and professional work.

Especially after a pandemic that has disrupted standard routines such as childcare and classroom education, this will help more women to shape and build environments that reflect women’s needs and values ​​while at the same time It can be an opportunity to fulfill these responsibilities.

assess your skills

For all women looking to enter the industry, evaluate your skills and experience and never give up despite obstacles. Women who succeed in this field will find the right opportunities and get the best deals. A woman who knows how to negotiate and build strong relationships. We understand that failure is part of business, but don’t be afraid to take risks. These qualities allow them to create value in the commercial real estate industry and inspire other women to follow their lead.

There is no doubt that what lies ahead of us is much more promising than the ground we are currently standing on. proves that there is

Additionally, women are increasingly seen as valuable members of commercial real estate teams, playing a key role in shaping the future of the industry. There is still a long way to go, but there is no doubt that women have a bright future in commercial real estate.

Marika Dzhindzhikhashvili is Director and Head of Origination at Astor Realty Capital.

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