My Manager Is Better Than Your Manager: Competitive Advantages Can Make or Break an Investment Firm
“Competitive advantage” has become something of a buzzword (even though it’s two words) in the real estate investment world. Money managers and investors alike intuitively know what it generally means — one firm believes it can do something better than another. But what does it mean specifically? What exactly are the competitive advantages that real estate investment managers tout, and why are they so important?
Studies of corporate value creators conducted each year by the Boston Consulting Group indicate that the best predictor of a company’s future success is a sustainable competitive advantage. While perfor