Basic Question regarding the management team of Office Building
I tried searching the forum but could not find the answer, sorry in advance if it is somewhere.
When it comes to office management companies, does the management team have the ability to make capital allocation and investment decisions?
For example, if a Boxer property management team wanted to upgrade a building with infrastructure to get LEEDs certified (green building, energy efficient, etc) , would they be able to design and approve a project without consent of investors?