Bridge Property Management Company Profile
Bridge Property and Asset Management senior executives at Bridge Property and Asset Management have overseen the management of more than $2.5 billion in investment property over the past twenty years for both large and small real estate investors. In the competitive environment of commercial investment real estate, Bridge has developed a superior team of property management specialists. The Property and Asset Management team (BPM) is responsible for executing each asset’s business plan developed in the acquisition phase of the investment cycle. BPM was founded on the belief that the successful execution of a property’s business plan is what ensures superior cash flow generation and value appreciation. Exceptional management begins by acquiring very talented people and aligning them with the best technology and systems. To accomplish this, BPM has assembled a team of successful, highly qualified and motivated professionals with extensive experience in the markets they oversee. This team has broad investment property and asset management experience in multi-family, office and office/warehouse/light industrial classes of investment real estate, along with golf course, resort and single-family communities. Our team uses the latest web-based technologies and software to enable control and accountability. BPM has also developed a unique performance-based focus and execution system that monitors key performance areas on a continuous basis. As a result, BPM has proven consistently successful at increasing the operational efficiency and performance of the properties it manages. BPM’s system carefully tracks and monitors the following areas of property performance: * Collections and Collection Activity * Economic, Physical, Leased, and Net Lease Occupancy * Surplus Cash * Monthly closing ratio * Traffic, where generated and why * Percent of cancellations and why * Lease renewal rate * Annualized resident turnover rate * Number of service requests received and responded to in 24 hours * Housing compliance program monitoring (Bond, Section 42, etc.) Additionally, BPM provides a full range of accounting services to each individual property owner through the use of its secure Internet based network. We have custom designed reports that help us closely monitor each property's performance in every facet of its operation. A senior management associate is assigned to each asset and is responsible for successfully implementing the investment plan created at the time of acquisition. This ensures a focused and effective decision-making process. The Focus & Execute Plan, developed by BPM senior management, ties day-to-day work efforts to the overall mission, vision and business plan of each asset. This internet-based management tool enables senior managers to measurably track progress of each individual asset as well as key employees. Additionally, each asset is reviewed monthly by our Asset Review Committee to ensure responsiveness to macro market, physical and operational issues impacting asset performance. Bridge Property Management has the highest property performance goals in the industry, and a proven track record of success. We are comprised of a team of highly trained professionals with the resources, technology and systems in place to reach those goals. As you will see when you become better acquainted with us, Bridge Property Management is completely committed to providing the best in investment real estate management.
