In the competitive environment of commercial investment real
estate, Bridge has developed a superior team of property management
specialists. The Property and
Asset Management team (BPM) is responsible for executing each asset’s
business plan developed in the acquisition phase of the investment cycle.
BPM was founded on the belief that the successful execution of a
property’s business plan is what ensures superior cash flow generation and
value appreciation.
Exceptional management begins by acquiring very
talented people and aligning them with the best technology and systems.
To accomplish this, BPM
has assembled a team of successful, highly qualified and motivated
professionals with extensive experience in the markets they oversee.
This team has broad investment property and asset management
experience in multi-family, office and office/warehouse/light industrial
classes of investment real estate, along with golf course, resort and
single-family communities. Our
team uses the latest web-based technologies and software to enable control
and accountability. BPM has
also developed a unique performance-based focus and execution system that
monitors key performance areas on a continuous basis.
As a result, BPM has proven consistently successful at increasing the
operational efficiency and performance of the properties it manages.
BPM’s system carefully tracks and monitors the
following areas of property performance:
* Collections and Collection Activity
* Economic, Physical, Leased, and Net Lease Occupancy
* Surplus Cash
* Monthly closing ratio
* Traffic, where generated and why
* Percent of cancellations and why
* Lease renewal rate
* Annualized resident turnover rate
* Number of service requests received and
responded to in 24 hours
* Housing compliance program monitoring
(Bond, Section 42, etc.)
Additionally, BPM provides a full range of accounting
services to each individual property owner through the use of its secure
Internet based network. We have
custom designed reports that help us closely monitor each property's
performance in every facet of its operation.
A senior management associate is assigned to each asset
and is responsible for successfully implementing the investment plan created
at the time of acquisition. This
ensures a focused and effective decision-making process.
The Focus & Execute Plan, developed by BPM senior management,
ties day-to-day work efforts to the overall mission, vision and business
plan of each asset. This
internet-based management tool enables senior managers to measurably track
progress of each individual asset as well as key employees.
Additionally, each asset is reviewed monthly by our Asset Review
Committee to ensure responsiveness to macro market, physical and operational
issues impacting asset performance.
Bridge Property Management has the highest property
performance goals in the industry, and a proven track record of success. We
are comprised of a team of highly trained professionals with the resources,
technology and systems in place to reach those goals. As you will see when you become better acquainted with us,
Bridge Property Management is completely committed to providing the best in
investment real estate management.