11/19/2023 0 Comments Aura at quarterpathEmbracing commercial experimentation in a rules-based way that aligns with the business’s risk tolerance.Preparing for an uncertain future by developing strategic plans for multiple scenarios.Harnessing the power of networks by reimagining B2B relationships and breaking down outdated boundaries.The questions posed in this Harvard Business Review article are designed to help business leaders balance the need for action with the need to be judicious in applying resources – while preparing to grow into a future that’s more organic and egalitarian than ever: Far more find themselves in a grey middle ground: attempting to grow and thrive in a “new normal” that’s fraught with uncertainty. Since the beginning of the covid-19 pandemic, some industries have been utterly decimated, while others have experienced explosive growth and unprecedented opportunity. “5 Questions to Help Leaders Achieve Growth Amid Uncertainty” by Jeorg Esser, Harvard Business Review Despite uncertainties that could slow the current economic conditions, the multifamily market is likely to remain strong through 2022ĭon’t have time to review the full Multifamily 2022 Outlook report? Steve Guggenmos, VP of Research & Modeling at FreddieMac, summarizes the findings here.Forecasts suggest the potential for continued record-setting volume in multifamily asset originations in 2022, though the rate may slow.As many residents of densely populated coastal cities left for less expensive, less crowded environments, a younger demographic is beginning to populate those urban cores, improving vacancy rates.Emerging markets that have traditionally been less expensive are catching up in explosive fashion, with year-over-year rent growth exceeding 20% in some areas.Despite the Fed’s vote, upward pressure on prices may continue in some areas of the economy, including both rental and for-sale housing.Key themes emerging from the report include: The rate of growth is expected to continue, but at a more modest pace, factoring in the potential for disruptive new covid variants – and the inflation that led to the Federal Reserve’s decision to begin raising interest rates for the first time since 2018. The Freddie Mac Multifamily 2022 Outlook confirms what we’ve all been observing: after a record-breaking 2021, multifamily market fundamentals remain strong into 2022. It is an honor and pleasure working with the Covenant House team, and we’re grateful for everything they do to support the community. Patrick’s Day themed goodie bags to the DC chapter, filled with various toiletries and other necessities like toothbrushes, toothpaste, bath soaps, loofahs, and daily planners. For our BonaCares initiatives, we chose to donate care items to the organization to help with their supportive services. Covenant House keeps its doors open 24/7 in 33 cities across six countries. On March 17, 2022, Bonaventure was lucky enough to partner with Covenant House DC, a nonprofit organization that provides supportive services to youth who are experiencing hardship, have run away, are homeless, or are at risk of becoming homeless. It demands that we drop our egos, roll up our sleeves, and approach the future from a place that’s curious, creative, and intentional.Īre you turning uncertainty into an opportunity for growth, either personally or professionally? Tell us about it on our Facebook, Instagram, LinkedIn, or Twitter pages. It requires us to see relationships in the context of collaboration instead of competition. It means looking at the past to help us understand the present and anticipate the future. And I see that as a good thing.īonaventure’s “Growth” Core Value states that “We create enduring value by continuously moving forward, innovating, and improving.” In order to do that, we have to embrace the uncertainty of where we are in any given moment.Įmbracing uncertainty doesn’t mean throwing caution to the wind and tearing up playbooks or SOPs. As we head into the season once again, I’m reflecting on the ways we’ve all grown since the Covid-19 pandemic began. Spring is always a good time to talk about growth.
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