WELLINGTON, FL– The Bainbridge Companies, which specialize in both residential and commercial real estate, are ramping up their multifamily property management services.“Our ultimate goal is to expand our full-service management portfolio across the East Coast,” said Bainbridge Management President Kevin Sheehan. (top right photo)
“Owners and investors need an excellent management team to preserve and increase the value of their assets especially in today’s economy; we’re positioned to help them do that.”
The firm, which currently has more than 9,500 units under management, recently added Fort Lauderdale’s luxurious Alexan Solmar Apartments, (middle left photo) built b
y Trammell Crow Residential, to its management portfolio.
y Trammell Crow Residential, to its management portfolio. It is also seeking new management assignments for multifamily communities with more than 100 units.
The firm has extensive experience in properties ranging from double A, value-add, renovations, condo reversions and distressed high-rises, mid-rises, and garden-style rental homes in both urban and suburban locations.
Partners include owners and developers as well as financial institutions and pension fund managers.
“We're finding considerable interest from property owners who want to reposition or renovate multifamily assets to help them compete more effective
ly in the market or revert full or partial condominium buildings back to rentals,” Sheehan said.
ly in the market or revert full or partial condominium buildings back to rentals,” Sheehan said.“Repositioning is something that Bainbridge has done very successfully in a wide variety of situations. Likewise, reprogrammed condo buildings and new developments need to be quickly leased up in order to drive positive cash flow as fast as possible, and we've created a very effective program for each of these scenarios.”
Contact: Terri Thornton, Thornton Communications (404) 932-4347 Terri@TerriThornton.com
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