How Strong Governance Sustains Real Estate Legacies

In the article Keeping the Keys in the Family: Best Practices for Real Estate Families published in Espace Magazine, Bill McLean, Partner, and Jill Renton, Senior Manager, explore how family-owned real estate can become a source of strength or conflict depending on the structures supporting it.

Bill and Jill emphasize that strong governance serves as the blueprint for enduring family enterprises. By clearly defining ownership roles, decision-making authority, and communication frameworks, families can separate emotional dynamics from business priorities, fostering effective stewardship and reducing the risk of disputes. They also underscore the importance of preparing the next generation through education, mentorship, and phased ownership transitions supported by conflict resolution mechanisms and independent advisors. Ultimately, real estate governance isn’t bureaucracy, it’s the foundation for clarity, trust, and continuity across generations.

Read the full article in Espace Publications.