A Real Estate Team’s Guide To Better Portfolio Management
Mark McDonald is President of CoStar Real Estate Manager, a wholly owned subsidiary of CoStar Group. getty Stop me if you’ve heard this: In 1994, Park City Mountain Ski Resort was acquired by POWDR. For nearly 20 years, POWDR had consistent success and consistently high profits. And then, in 2011...their real estate team didn’t renew their lease on time. By renewing just two days after the deadline, POWDR opened a can of lawsuits that ultimately resulted in Vail Resorts winning the lease on the 2,800 acres of prime skiing property...