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Entrepreneurial Firm With A Structured Asset
Management Process
TA Realty, although organized with clear lines of reporting and defined processes, is an entrepreneurial firm whose professionals act as a team to manage the portfolios from acquisition through disposition. TA Realty's professionals work together, soliciting input and support from within the organization. Asset managers are involved early in the acquisition process, evaluating the property's physical condition, reviewing the existing leases, and, if appropriate, arranging for a transition to a new property manager. This integrated approach creates a system in which the team is fully accountable for the success of an investment.
Attention to detail allows TA Realty to add value. As a true "hands-on" real estate company, TA Realty is able to apply its experience and knowledge to address a broad range of real estate investment issues.
For each asset, TA Realty's asset managers:
- Create annual operating and capital plans and monitor financial performance
- Select and manage local third-party property managers and leasing agents
- Oversee the detailed operation of each property with special emphasis on leasing, tenant relations, preventive maintenance, fire-life safety systems, code compliance, environmental conditions and energy conservation
- Ensure that competitive position within the marketplace is maintained
- Conduct an annual hold/sell analysis to maximize returns to our clients
- Create and implement a strategic plan for the disposition of each property, when appropriate
TA Realty seeks to select the best third-party property managers and leasing agents within each market. The TA Realty asset managers retain ultimate decision-making control at the asset level through the approval of annual budgets, leases, and capital expenditures.
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