Parmenter Realty Partners treats each asset as an individual operating company with specific revenue and expense objectives. Under the direction of senior management, our asset managers develop and implement strategies to enhance the value of each asset in our portfolio. The goal is to make each property-level decision improve the value of the portfolio.
- Prepare and monitor an annual strategic performance plan that identifies short- and long-term asset objectives, focusing on market conditions, projected rents, and capital requirements.
- Prepare annual tactical plans that include detailed projections for leasing, operating expenses, and capital improvements, as well as providing quarterly reports on achievement.
- Oversee marketing, leasing, and capital expenditures as detailed in the annual strategic performance plan.
- Try to spread lease expirations, and establish a strong rent roll with credit tenants, while avoiding a concentration of tenants in any single economic sector.
- Conduct on-site inspections and tenant surveys, and maintain contact with other market participants to determine an asset's competitive position in the market.
Accounting professionals are continually involved throughout the life of each investment – from acquisition through budgeting and assessment of financial results to disposition. Additionally, Parmenter Realty Partners' accounting systems are state of the art, and great care is taken to ensure that the reporting process is detailed, timely, and accurate.