Helping TIC Owners Maximize the Value of their Assets

TIC Asset Management Transitions

Many TIC owners are experiencing a loss of credibility in their current Asset Managers. Failing property performance, cessation of distributions, above market fees, and suspicions of mismanaging funds are among the reasons that owners seek out new management firms. Owners often face serious challenges in removing incumbent managers however including: roadblocks in obtaining contact information for other owners, contract language that often makes it very difficult to terminate agreements, gaining lender approvals for successor managers, etc. These issues are further complicated when the manager holds a small ownership interest which they can use to block the hiring of a successor manager. FGG has been very successful in helping owners achieve successful transitions from other managers and can offer assistance to accelerate a change to more responsive and transparent management.