Praedium Development Corporation Property Management

In our segment of the real estate market, consolidation is the market dynamic. More and more retail properties have fewer and fewer owners. Retail properties are being acquired at a heated pace. It is this trend of consolidation that forces us to pay great attention to the management of our property, which leads to the creation of value via efficient property management. Our goal of creating profit and value in the management process is dependent upon efficient and astute management practices. We implement meticulous management practices that make certain we prevent problems before they occur, thus increasing tenant satisfaction and reducing the likelihood of any tenant turnover. As we take on each management assignment, we implement a property specific plan, which addresses the following aspects of our management duties: Vendor/Contractor Management - Oversee the selection and quality of providers of goods and services to the shopping center. Negotiate service and product contracts for the property. Facility Maintenance and Management - Making certain the property's common areas and facilities are maintained in a quality and first class condition. Tenant Analysis - Perform a continuing analysis of the tenants of the property to determine their stability and long term viability. Remodel/Re-Development - Execute and supervise any remodeling or re-development activity required to maintain the competitive nature of the property. Financial Reporting/Management - Provide detailed and "real time" monthly collection and financial reporting.

Praedium Development Corporation Real Estate Leasing

We believe leasing has a tremendous impact in the process of creating value. It is this one aspect of our business that is involved in all our business segments, whether it is in acquisition, development, or management. It is this "front line" sector of our business where we possess our greatest strength. As we approach the leasing process, we once again utilize the latest research and software technology to make certain all of our research, analysis, and conclusions are based upon reliable and "real time" information. Accurate and timely demographic information, and the most current Geographic Information Systems (GIS), are utilized. Further, we create a plan which covers what we believe are the eight key aspects of a proper leasing plan: Macroeconomic Overview - An analysis of the economic and political trends in the general market where the property belongs. Market Definition and Analysis - A determination of the center's trade area and its demographic and psychographic make up. Strengths and Weaknesses of the Property - An assessment of the property that will highlight what can be emphasized and what needs to be defended in the marketing process. Competitive Outlook - A review of the properties in the market which compete directly and indirectly with the subject property. Formulation of a Tenant Mix Strategy - Based on the above analysis, the development of the optimum tenant mix for the property. Site Issues and Expansion Potential - An analysis of the sites' technical and physical constraints and an analysis of any potential to add on or reconfigure square footage at present or in the future. Space-by-Space Analysis - A detailed review of every space in the center. Formulation of Goals and Implementation Strategy - An explanation of the methods that will be used to implement the leasing plan and the goals for rent achievement, occupancy, and tenant mix.