Who manages the property?
Key takeaways
- Each property deal has a specific manager responsible for its success.
- Check the manager's track record and fees in the offering documents.
- Understand how the manager is compensated and if their interests align with yours.
- Know who decides when to sell the property and the implications of that decision.
- Be aware that Wahed operates the platform, but the asset manager may differ.
"Each deal has a named manager responsible for the property — tenanting, maintenance, operating costs and the eventual sale. Their identity, track record and fees are disclosed in the offering documents for that specific deal.
This is a genuine risk factor and worth checking deal by deal rather than assuming it is the same party each time. What to look for in the documents:
- Who the manager is and what they have managed before
- How they are compensated, and whether their incentives align with yours
- Who decides when the property is sold
- What happens if the manager fails to perform
Wahed operates the platform. The manager operates the asset. They are not always the same entity."