Industrial
Office/Retail
Industrial
Industrial buildings require a development perspective and a technology focused mindset to minimize operating expenses. Low rents in this sector of real estate require good capital planning, astute cash-flow management, and advanced use of technology to keep costs in line.
Many industrial buildings are in the midst of communities. The communities may have grown around the initial industrial site. It takes best practices, the use of technology, connection to and goodwill toward the neighborhood to keep everybody happy.
Warehouses
Office/Retail
Industrial
With warehouse spaces, there's more to overseeing its operations than is readily apparent. Stetson works with building owners and companies to design efficient use of the space, while accommodating LEED requirements, where applicable.
Stetson's expertise in this area benefits our clients with multiple buildings in different locations. We become familiar with the best practices to manage each building in its own environment, while maximizing costs and efficiencies in one asset management portfolio.
Office/Retail
Office/Retail
Professional Condominium Buildings
As mixed-use buildings increase in favor due to their ability to enliven neighborhoods and occupy a smaller footprint, Stetson creates custom networks of trusted partners to service the varied needs of each building. Open and responsive lines of communication with occupants and building owners are the first step in surpassing expectations for all. LEAN initiatives can result in shared and lowered costs.
Professional Condominium Buildings
Non-Profit Organizations or Not-For-Profit Entities
Professional Condominium Buildings
Management of professional condominium buildings is a niche market. Although a professional office condominium building is built in the same way as a commercial office building, the financial, capital structure, and ownership objectives are vastly different than that of a residential condominium or commercial office building.
The office condominium ownership structure requires an intimate knowledge of a board-operated entity that operates essentially at break-even each year. This entity structure dictates that the operating philosophy must dovetail with a steady hand at the wheel of capital improvements as well as awareness of the competitive metrics, such as rent per square foot and operating cost per square foot, as these factor into the competitive arena of the commercial real estate marketplace.
Stetson’s success record for managing professional office buildings is based on its broad knowledge of commercial building operations, complex financial analysis for banking, and capital improvement financing, while collaborating with the Board of Trustees to work within the constraints of the building owners and their practices.
Non-Profit Organizations or Not-For-Profit Entities
Non-Profit Organizations or Not-For-Profit Entities
Non-Profit Organizations or Not-For-Profit Entities
As asset managers of the building for the owning entity, Stetson provides day-to-day operations so the buildings operate at optimal efficiency while also generating profits, which are a funding source for the owning entity. Stetson acts as the first point of contact for vendors and contractors, maintains the banking, insurance, and other supplier relationships, as well as managing third-party lessees.
The asset manager's objective is to maximize operating profit as a funding source, as well as continue to increase the market value of the asset, for the owning entity.
LEAN and Sustainable Practices
LEAN and Sustainable Practices
LEAN and Sustainable Practices
Applying LEAN thinking to space design improves operating efficiency, creates available expansion space, and elevates employee morale. By leveraging people, processes, and systems, the company supports problem-solving that scrutinizes the day-to-day operations and applications to eliminate waste. This can substantially reduce normal practice operating costs.
Stetson embraces technology to control costs, manage building maintenance, and account for any demands for maintenance or service anywhere in the building.
Additional measures that Stetson employs to maximize best energy and green building practices include:
- Green Purchasing
- Energy Star-rated Products
- Waste Reduction Products
- Recycling Efforts and Recycled Product Use, where possible
- Energy-saving Uses, such as wind, solar, and alternative fuels
- Environmental Sustainability
- Well Building or Fitwell Certification
- Building Energy Management
- BOMA, BEST, LEED, and BREEAM Standards
The rationale is clear for a corporate commitment to cultivating imagination and innovation, while integrating lean thinking and sustainable practices in the real estate investment operating value stream.
For every $10,000 operating cost reduction, asset value increases approximately $140,000 when capped at 7%.
Stetson applies LEAN capabilities to the full spectrum of real estate management practices, including:
- Asset Management
- Building Operations Management
- Construction
- Financing
- Leasing
- Marketing
- Financial Modeling
- Concept Development
Construction Management
LEAN and Sustainable Practices
LEAN and Sustainable Practices
With extensive Class ‘A’ office and special project construction management experience, Stetson possesses the expertise to direct the full cycle of suite build-out as well as project construction, from idea inception to occupancy, striking the correct balance of quality and cost according to the Asset Management Plan.
Our construction services include:
- Maintenance
- Renovations
- Interior/Exterior
- Development & Construction Support
- Development
- Build-outs
- Customization
- Curb Appeal Improvements
- Building Additions
Bulk Purchases
Cost Segregation and Recovery
Cost Segregation and Recovery
Stetson leverages its buying power from its entire customer base to earn reduced bulk rates on building services such as; gas, electricity, insurance, paper goods, and cleaning services to name a few.
Cost Segregation and Recovery
Cost Segregation and Recovery
Cost Segregation and Recovery
Stetson works with providers of cost segregation initiatives to track development costs in detail to maximize depreciation and/or amortization over the shortest timeframe for tax recovery.
Administrative Services
Commercial real estate operations management goes beyond the assets and finances. Your investments are all about building relationships.
But building relationships takes time. That’s where Stetson Management comes in.
Reliable and fast communication. Wide and respected personal networks. Proven and first-in-class administrative systems. Our administrative services focus on creating five-star level service connections with any and all relevant parties needed to maximize the value of your assets.
Clients. Building inspectors. Attorneys. Real estate agents. Fire marshals. We know all of the parties who go into creating value for your investment, and understand what’s needed to foster those relationships.
Our wide network gives you all of the contacts needed to make your investment run smoothly and create the biggest return on investment. By leveraging our proven administrative systems, we’re able to call upon the right people at the right time to ensure your assets are continuing to improve in value.
For a more comprehensive look at our administrative services for commercial real estate property management, please click here.
