In today’s real estate economy, property owners need performance and a high degree of confidence in the future viability in the investment. First Commercial has an edge over most real estate companies as we can provide a complete turn key operation to handle all of your property and real estate needs, whether it be construction management, value analysis, market analysis, brokerage, lease negotiations or just proper and intelligent facility management.
Property management, as used in its most broad terms, refers to the operation, control, and oversight of real estate. Property managers act as a liaison between the owner of the property and the tenants, providing a “buffer” for owners who either do not have a capacity or the desire to manage the property first hand. First Commercial’s property management team is seasoned in all aspects of real estate management, facility operations, leasing, marketing, and tenant relations.
In addition to managing our own assets, First Commercial Realty & Development provides third-party property management for institutions not prepared or not qualified to manage their properties effectively. We treat every asset as if it was our own, and actively look for ways to improve the value and provide a greater return for the owner. Our third-party property management services range from managing and maintaining the property/asset, to providing leasing services and, in certain cases, facilitating the sale of the asset.
Real Estate Management
Whether a property is owned by a small group of individuals or a large institution, proper real estate management must employ the optimal blend of services to sustain value enhancement of a property regardless of its size. First Commercial utilizes over 30 years of real estate experience to achieve this end. We have successfully managed and leased a variety of properties with their own unique requirements; we have managed and leased triple net single tenant buildings, distressed multi tenant properties, speculative buildings, industrial buildings, office buildings, and medical buildings.
Under the leadership of our real estate professionals, our team can identify owner/tenant goals and develop a comprehensive and strategic management plan. By developing a close relationship with the owner and tenant we can achieve the highest level of accountability and performance, and in turn, help you maximize cash flow and enhance your property’s market value.
For further information about our property & real estate management services, please contact Peter Gikas.