Crossman & Company has a staff with extensive experience in asset management for both private, absentee individual owners as well as institutional groups including pension and life companies, traditional banks, and special servicers. Our team’s extensive experience allows us to ensure that we maximize NOI from each asset in our portfolio through joint efforts between property management, leasing, operations, and ultimately our investment sales team.
Our asset management team utilizes a hands-on approach, ensuring that we meet and discuss with each tenant and vendor as well as other stakeholders, including community organizations, city / regional tourism and chambers of commerce as well as adjacent property owners. This approach ensures that we are able to know about any special circumstances pertaining to the property and utilize these advantages in operating the property.
Our team’s hands-on approach affords us the ability to work with any tenants who are struggling to find a long-term solution where they can be profitable – and thus pay higher rent over time. We also work proactively to minimize late or missed payments and regularly interview vendors to ensure we are maximizing the Net Income for the property.
Our asset management team also has unique skill capabilities in marketing properties, both through traditional and digital media channels. We have created and executed specially tailored marketing plans for traditional grocery-anchored shopping centers, town centers, regional malls, mixed-use and lifestyle properties that have produced significant increases in tenant sales, as well as overall occupancy within the center.