The SMP team specializes in turnarounds and stabilizing assets, has extensive experience increasing profitability primarily for B and C class apartment communities, including receiverships and foreclosures.
Finding and retaining the ideal residents for your property is one of the most important services a management company can provide. SMP’s thorough asset analysis and market intelligence studies help us identify the critical resources necessary to increase or stabilize occupancy and raise a property to the next level.
We utilize the latest online and social networking tools to maximize positive exposure while minimizing costs. We also recruit highly-experienced multifamily professionals and sales experts who bring a unique touch to marketing properties. Our “outside the box” approach to training, marketing, leasing and retention techniques produces significant results.
Asset Repositioning / Value Add Specialists
Repositioning an asset can be critical for refinancing or disposition. SMP can generate an implementation plan that includes a complete comprehensive analysis, then recommend the most cost-effective solutions for creating new demand for an existing or underperforming property. We direct the entire process with a hands-on approach to create a new leasing plan and marketing initiative that enables you to obtain optimal results for your specific market.
Property owners need the most accurate information possible to know how their existing or prospective assets are likely to perform. Our due diligence reports provide a vast array of information, photographs and analysis to help optimize returns. Our thorough research helps deliver key data including: Regional, area, submarket and demographic analyses Physical inspection reports Lease audits Operating and capital budgets Market surveys Marketing plans Our goal is to help you far exceed expectations, meeting the highest industry standards.
If capital improvement or rehabilitation is necessary, SMP has all the resources you need to manage construction and renovation projects. Our team has experience with more than $100 million in renovations and $16 million in insurance claims and restoration. We have developed relationships with trusted vendors throughout the country to ensure successful renovations of our communities. We also utilize our resources to negotiate the best price, meet deadlines and avert or minimize potential interruptions that could impact revenue.