WELLINGTON, FL - The Bainbridge Companies, which specialize in both residential and commercial real estate, are ramping up their multifamily property management services. "Our ultimate goal is to expand our full-service management portfolio across the East Coast," said Bainbridge Management President Kevin Sheehan. "Owners and investors need an excellent management team to preserve and increase the value of their assets especially in today's economy; we're positioned to help them do that."
The firm, which currently has more than 9,500 units under management, recently added Fort Lauderdale's luxurious Alexan Solmar Apartments, built by Trammell Crow Residential, to its management portfolio. It is also seeking new management assignments for multifamily communities with more than 100 units.
The firm has extensive experience in properties ranging from double A, value-add, renovations, condo reversions and distressed high-rises, mid-rises, and garden-style rental homes in both urban and suburban locations. Partners include owners and developers as well as financial institutions and pension fund managers.
"We're finding considerable interest from property owners who want to reposition or renovate multifamily assets to help them compete more effectively in the market or revert full or partial condominium buildings back to rentals," Sheehan said. "Repositioning is something that Bainbridge has done very successfully in a wide variety of situations. Likewise, reprogrammed condo buildings and new developments need to be quickly leased up in order to drive positive cash flow as fast as possible, and we've created a very effective program for each of these scenarios."
Bainbridge Management's experienced team includes managers who have worked for some of the largest and most respected names in the multifamily industry. Its full range of services is integrated to maximize net operating income and profitability while providing expert operations. It also offers a strong understanding of the markets in which it operates as well as financial and management reporting systems that provide "real-time" performance metrics. Its customized, industry-leading marketing programs help ensure successful lease-up utilizing specialized technology that adjusts pricing and availability, tracks and records leads and incoming phone calls, lets prospective renters apply on-line, and provides analytics to measure and track results.
Founded in 1993, The Bainbridge Companies are a fully-integrated family of real estate companies engaged in the development, construction, management, acquisition and disposition of residential and commercial real estate. With more than 100 years of combined experience, the Bainbridge principles have developed, redeveloped, and/or repositioned more than 35,000 multifamily units. The firm's full service real estate platform includes asset and property management, leasing, sales, marketing, renovation, construction, and development. Based in Wellington, Florida, it also has offices in North Carolina and the Washington, D.C. metro area.
Source: dBusinessNews.com