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How Avanath Is Implementing Succession Planning

IRVINE, CA—By mentoring and providing opportunities for potential growth, the firm has been successful in enhancing the abilities of its leaders and strengthening its team, says the firm's CEO.

By Natalie Dolce | nataliedolce | | Updated on August 26, 2016
Daryl Carter, founder, chairman & CEO of Avanath Capital Management Daryl Carter, founder, chairman & CEO of Avanath Capital Management
IRVINE, CA—Every company needs a short-term and long-term succession plan. That is according to Daryl Carter , founder, chairman & CEO of Avanath Capital Management , an Irvine, CA-based boutique real estate investment firm. He tells GlobeSt.com that the current generation must be able to identify the next generation of leaders and ensure that they are prepared to fill these roles by providing them with the experiences they need to excel in the industry. Avanath recently has implemented executive level promotions and organizational changes to structure for its future growth and to stay competitive within the affordable housing sector of commercial real estate. “By mentoring and providing opportunities for potential growth, we have been successful in enhancing the abilities of our leaders and strengthening our team,” he explains. “This ensures that we are well positioned to meet our current responsibilities, and well poised to take on the future.” Check back with GlobeSt.com for more from Carter, where he talks about what insight and tips he is passing on to future leaders.  

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