Parmenter, a developer of many high-profile real estate assets, has a well-earned reputation for quality and performance. Parmenter has acquired, renovated and developed premier office and commercial projects in major markets throughout the United States.
As an integrated real estate operator and investment manager, Parmenter’s asset managers are fully involved in the acquisition due diligence process, development and implementation of unique value enhancement strategies, cash flow management and disposition. Property managers report directly to the asset managers, instead of a director of property management as is customary, which results in the property load of the asset managers to be well below what is normally seen in the industry. The goal is to ensure that each property level decision improves the overall value of the asset within the context of the overall portfolio.
Parmenter manages risk to a level that can significantly reduce investment, operational and management risk through a series of checks and balances. Within Asset Management there are a several points of focus: