Succession Planning | Executive Leadership Transitions | Zero-Based Transformation | Talent Assessment | Reorganization Planning
The Challenge
A multigenerational multifamily developer and operator with holdings concentrated in the mid-Atlantic was in the midst of a strategic shift: most importantly the company was expanding to a broader set of geographies and positioning the next generation to assume leadership. RCLCO was engaged to design a thoughtful organizational transition to support both objectives.
Solution
An extensive outreach effort was undertaken to assess internal competencies and cultural nuances. With executive leadership, RCLCO undertook a “blank slate” approach to building an organizational structure to meet the company’s growth objectives. We completed a comprehensive talent assessment of key leaders and developed individualized training & retention plans for critical roles. Our recommendations culminated in an organizational & executive transition timeline & engagement plan with critical stakeholders
Impact
The company successfully executed both of its objectives and was able to retain its Tier 1 team while expanding to new markets and passing the baton to the next generation.