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Asset Management
The role of the Asset Manager has been redefined. Recognizing the demand by owners
to increase and enhance the value of real estate, Podolsky Northstar has developed
a comprehensive, customized plan for each real property entrusted to our care to
answer that demand emphatically.
Real Estate is a tangible asset whose value enhances as a result of dependable day-to-day
management throughout its life cycle. The quality of asset management is critical
from the point of view of a real estate investor, as well as its occupants.
Podolsky Northstar’s Asset Managers focus on the asset, Real Estate, and deal with
all aspects of the real property. Asset management requires a global view of both
the physical and financial functions. We bring a wide range of skills and talents
including legal, construction, condemnation, accounting, environmental, real estate
tax valuation, insurance/risk management, effective marketing and leasing, as well
as a myriad of other administrative activities relative to on and off-site management
for the day-to-day operations of the property.
Our Asset Managers maintain a strong control over leasing because of its strategic
importance in the generation of cash flow, asset preservation and growth, and long-term
residual value. Asset management is linked to effective brokerage and to optimum
property management results.
Podolsky Northstar’s Asset Management Division strives for and historically has
maintained:
• Occupancy levels of over 90%
• Retention of existing tenants at better than 90%
• Operating costs lower than competing properties without compromising quality service
• An impeccable attention to detail
Services Typically Provided
• Strategic Financial Planning • Capital Improvement Programs • Proforma Evaluation/Recommendations
• Asset Value Maximization
• Leasing/Sales Positioning • Brokerage Services • Physical Management • Accounting
Services
• Real Estate Tax Strategy • Insurance/Risk Management
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