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Anybody worried about the market?
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Coach
Depends on the asset. For branded operating assets managed by the brand (where I do much of my work), it could be several years of management fees.
For a retail center, it would be considerably lower.
And it depends on the market. For me, we negotiated all agreements as being terminated by either side on 30 days’ notice. We’ve since taken all management in house, but, as mentioned by another poster, it depends on the asset and the market. But none of our properties require brand promotion, or anything like that.