Asset Management
Asset Management
Our foundational approach optimizes assets from the ground up in a progression that begins with fundamental items and moves in sequence to more complex enhancements.
We supervise and administer multifamily investments for domestic and offshore investors who do not possess an operational platform. We work with property and construction management firms as well as third-party service providers to implement the Business Plan, oversee accounting and reporting and assist with portfolio strategy, refinancing and disposition.
Team Building
If the client does not have a team in place, we can lever our relationships and select and oversee all-important third-party professionals such as on-site property and construction management, accounting, attorney(s), insurance and property tax consultants – all of whom will have an impact on the success of the business plan.
Asset Supervision and Optimization
This is the essence of being an owner/operator. A multifamily community is a business. And like any business, it does not run itself. If nurtured properly, it prospers. If not, it dies. Coordinating, motivating and supervising the Property Team and melding their efforts into successful execution of the business plan requires daily attention. Continually interfacing with and motivating staff, reviewing property operations and financial results line item by line item with an eye towards relentlessly increasing income and reducing expenses leads to optimization of the financial performance of an asset.
Oversight of Property Rehabilitation and Capital Improvements
If the client does not have a team in place, we can lever our relationships and select and oversee all-important third-party professionals such as on-site property and construction management, accounting, attorney(s), insurance and property tax consultants – all of whom will have an impact on the success of the business plan.
Reporting
Third-party Accounting and Property Management team members generate financial reports on a monthly or quarterly basis. MAA can supplement these reports by creating a custom formatted report that matches the “dashboard” of metrics that are the focus of each client.
Disposition Services
MAA leadership excelled in the multifamily brokerage space prior to undertaking principal investments. At any given time, each property has a pricing “envelope” – a range in which it could trade. Factors such as broker selection, timing, presentation, value-add overlay, pre-sale preparation, line item justification/adjustments etc. dictate whether it trades at the lower or upper end of that pricing envelope. MAA uses its 360-degree experience to make sure our clients maximize proceeds from sale.