Property/Asset Management
M2 provides comprehensive real estate management services. Regardless of whether the property’s long-term direction is being controlled by M2 on behalf of its partners via an asset management agreement or M2 has direct control and responsibility for the property’s day-to-day operations via a property management agreement, the company operates under seven distinct guidelines. These seven guidelines are:
- Enhance the property’s value by maximizing operating results.
- Establish and implement an operating budget.
- Coordinate the property’s management and leasing.
- Develop and implement renovation and/or expansion programs.
- Create value by merchant mix to satisfy current and anticipated market demands.
- Direct aggressive marketing programs.
- Develop and implement formalized property maintenance and improvement plans.
The management group’s operating structure focuses on decentralized management, operations and centralized accounting support from its South Florida headquarters. This allows for anticipation and quick response to problems that may arise, while maintaining tight, consistent operating and financial controls and procedures. Management and financial reports are prepared through The Skyline Property Management System, the most widely used property management software in the United States.
Leasing
Utilizing established cash-flow goals and long-term appreciation objectives, our experienced leasing team will develop a customized marketing and leasing plan that will deliver credit-worthy tenants at acceptable rent levels.
With retail leasing, the leasing team constantly monitors national and regional trends to recruit the appropriate merchant. They monitor tenant mix and sales levels so that they may, at the earliest possible moment, adapt the property’s merchandising mix to the growing and changing needs of the community it serves.
- Prior to acquisition a detailed marketing plan is formulated including:
- Location and demographic analysis.
- Comparable market rent and leasing survey.
- Proposed use and site location of retail/service uses to compliment the existing tenant base.
- Discussion of elimination of any existing uses that may detract from the overall center’s appeal.
- Proposed capital improvement plan, including estimated cost and timetable.
- Proposed advertising and marketing plan, including annual budget.
- Preliminary disposition strategy.
In the last few years, M2 has completed nearly 400 lease transactions totaling approximately 500,000 square feet of rentable space.
