The quality of the manager is vital to the quality of the co-investment. Co-investors must make the right decisions at the right time in order to maximise the return to the investors. Smart management will spot opportunities, like the potential for further development of the building, and risks, like potential tenancy issues. Sometimes selling the property earlier than expected may be a great opportunity to snap a capital gain or the only remedy to a problem that the manager can foresee down the track. A professional manager will also ensure that there is adequate and relevant insurance for the property.
In summary, excellent managers will make tough, constant and considered decisions when they need to be made.