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GlobeSt.com EXCLUSIVE: RealShare Net Lease Opens With Look at Market Fear

NEW YORK CITY-At today's conference, keynoter Leo Wells inspires the packed room to overcome fear while at least one lender admits that maybe--given conditions--a bit of fear is a good thing.

By John Salustri | Updated on April 09, 2003

NEW YORK CITY-An SRO crowd is gathered at the Roosevelt Hotel here to explore the ins and outs, ups and downs of what is emerging as a full-blown net-lease industry. The venue is RealShare Net Lease, sponsored by Real Estate Media and GlobeSt.com.

The morning sessions kicked off with keynoter Leo Wells, president of Wells Real Estate Funds, who provided what amounted to a pep talk in down times. “Fear is the number-one problem,” he told the audience. “Company executives talk about growing their companies but are in fact fearful to grow. They are fearful of their people.”

He cited statistics that underscore the fact that the main fear for the majority of US CEOs is employee confrontation. That means that most leaders are fearful of “telling their people if they are doing a lousy job,” he said. “As a result, you’ve got two or three people doing the job of one.”

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