Commercial Asset Management

Commercial Asset Management

Commercial asset management focuses on the management of commercial and retail assets, such as shopping centres, office buildings, medical complexes, and industrial parks. The primary objective of this department is to optimize the performance of these assets, which includes maximizing occupancy rates, rental income, and property value.

Our team aims to optimize the financial performance and value of commercial properties while providing a positive experience for tenants. By effectively managing operations, tenant relationships, finances, and property enhancements, asset managers contribute to the long-term success and profitability of commercial real estate investments.

OUR SERVICES

Leasing and Property Marketing

Blackstone Property has committed to providing transparency advice for clients and delivering great results through a strong national tenant network, relentless leasing marketing campaigns, and tailored leasing strategies.

Tenant Relations and Lease Management

Blackstone Property handles tenant relationships, lease negotiations, and lease administration. We attract and retain high-quality tenants, ensure lease compliance, address tenant concerns, and manage lease renewals and terminations.

Property Operation and Maintenance

Our team oversees the day-to-day operations of commercial properties. This includes property maintenance, repairs, and renovations to ensure the premises are well-maintained and meet safety and regulatory standards. They also manage vendor relationships and contracts for property services.

Financial Performance and Reporting

We monitor the financial performance of commercial properties, including income, expenses, budgets, and cash flow. They provide detailed financial reports to property owners, analyze financial data, and develop strategies to optimize revenue and minimize expenses.

Risk Management and Compliance

Our team implements risk management strategies to protect property owners and minimize potential liabilities. They ensure compliance with legal and regulatory requirements, maintain appropriate insurance coverage, and address safety and security concerns.

System & Communication

Software

We use Cirrus8 property management software. Cirrus8 is a cloud-based property management and accounting software platform that makes managing your commercial, retail and industrial property portfolios a breeze. Cirrus 8 has successfully provided us the opportunity to manage our commercial & retail property portfolio. The system has intuitive features that enable us to perform efficiently across the board (property management, facilities management and trust accounting).

Communication

While a good management system can certainly streamline many property management tasks, effective communication remains critical between property managers, tenants, and owners. Good communication remains essential for clarifying details, handling maintenance and repair issues, establishing positive tenant relations, ensuring legal compliance, and resolving conflicts.

We understand that every property is unique, and we work closely with our clients to develop customized strategies that meet their specific goals and objectives. Whether you're a first-time property owner or a seasoned investor, we have the expertise and resources to help you succeed.