Our asset management team’s main goal is to provide each client peace of mind that their property is being looked after by experienced professionals, budget reports and capital improvement plans are thorough, yet simplified, and new growth opportunities are explored and realized to maximize value.
We understand the vital role asset managers play in managing and maximizing value as we are owners ourselves. That’s why we brought asset management in-house for all our properties we own. Our asset management team is committed to applying this approach each and every project and deliver on these priorities to enhance asset value.
Business Plan Development
Comprehensive business plans are key to ensure ownership approval and asset manager accountability. Our asset management team provides annual and multi-year business plans that align with target investment goals. A sound business plan requires a realistic operating budget that takes into account property level expenses and identifies cost saving opportunities. We provide a detailed review of property budget, performance, and capital expenses that are effective and based on tenant concerns.
Our asset management team oversees and directs competitive bidding, contract negotiation, and construction reviews to ensure expenses are accretive to value. To date, our average operating expense savings when taking over a new asset is 29%.
Our asset management team works with property management and accounting teams to provide monthly and quarterly operating reports that are accurate, delivered on-time and insightful. As owners, we understand the importance of detailed, line-item reports and need for simplified and easily digestible investment metrics to efficiently enhance the value of an asset.
Leasing oversight and negotiation requires the perspective of an owner. Our considerable understanding of local markets, strong relationship with the brokerage community and ownership perspective creates leverage and brings innovative solutions to each transaction.