NREV Commercial Real Estate Services (CON’T)
Asset Management
NREV’s asset management provides:
- In depth assessment of the property;
- A comprehensive Value Plan;
- Monitoring and reporting on progress; and
- Dedication to Plan goals.
NREV manages within the framework of a budget and provides variance analyses. Value Plans for different property types vary widely. Retail leasing typically targets tenants who attract customers within a demographic profile, while office leasing does not target similarly. NREV seeks out the tenants most likely to achieve the property’s goals. One way to incentivize an asset manager is to tie compensation to success in increasing a property’s value. Monroe authored an article in Southeast Real Estate News describing how granting a “carried interest†to the asset manager provides such incentive.
Sales Brokerage
Peter Monroe has sold more than $750 million of commercial properties throughout the Southeast ranging from shopping centers and offices to assisted living facilities, mobile home parks, single credit tenants and ground leases throughout the Southeast, focusing on the Florida market. A map showing the names and locations of many of Monroe’s Florida property sales is available on this website.
A key to success in property sales is removing obstacles to sale, ranging from title to environmental issues. Monroe is expert in assembling “due diligence†information prior to sale, finding possible impediments to sale, and then removing them. He uses the latest marketing techniques, stays current on market situations, and has over 3,000 active commercial real estate broker and buyer contacts. As a skilled attorney, he has rescued deals by “turning them around†more swiftly than the competition, solving tough legal issues and creative legal drafting.
Leasing Brokerage
NREV has earned its reputation as one of the best in the leasing business. To maximize a property’s value, quality property management must be linked with a first class leasing program. Peter Monroe has drafted, negotiated, and closed over 400 leases of nearly all commercial real estate product types.
NREV prepares its leasing plan in accordance with the Asset Manager’s Value Plan. NREV works closely with graphic artists and web experts to prepare optimum marketing materials, and distributes them effectively by all methods. NREV cultivates strong relationships with tenant representatives. NREV emphasizes first class leasing signage, and “showability†of vacant units, and the entire project. When a suitable prospect has been identified, NREV obtains a comprehensive lease application, and analyzes credit support, business history, and the prospect’s business plan. Monroe negotiates all leases in close collaboration with the owner of the project.
