Leasing and Property Management

Leasing Property

We become familiar with each property, evaluate potential uses, assess market conditions, perform competitive analysis on nearby properties to identify gaps in the market, and research comparable sales to develop strategies to optimally position each property. We then develop a list of prospective tenants for our marketing efforts to reach those audiences efficiently and effectively.

We negotiate and close leasing transactions on behalf of the property owners that meet their investment goals and add meaningful services to the community.

Managing Property

Situs keenly understands that value maximization begins with effective tenant satisfaction and protection of the income stream through effective property management. Our experienced property management team proactively and strategically positions our clients’ assets for maximum value. We have extensive experience dealing with assets with challenging histories that require a creative, fresh approach in order to regain or retain their proper positioning in the marketplace. Working closely with our clients, we have been successful in producing the highest possible returns throughout different market cycles.

Typical services include:

• Reviewing all existing budgets, leases, contracts, and aging reports to ensure cash flow
• Determining operational milestones related to property (deferred maintenance) or service (vendors)
• Collecting rent with proven strategies to promote timely payment
• Incorporating service provider contacts with which Situs, Inc. already has existing relationships
• Working in tandem with leasing agents and outside brokers to achieve lease stabilization goals
• Implementing capital improvement plans

Additional Services:

We are also able to assist with the following related services:

• Tenant representation
• Asset repositioning