Management Solutions for National CRE Investments
At GM Properties, we manage net leased commercial real estate, including industrial, office, and retail properties, to ensure optimal performance and consistent income for property owners nationwide. Our expertise in net leased properties, including triple net (NNN) and modified net leases, allows us to streamline operations and maximize investment returns.
Our services include thorough expense reconciliation, ensuring tenants fulfill their financial obligations for property taxes, insurance, and maintenance. We handle rent collection and lease compliance monitoring, minimizing risks and guaranteeing timely payments. Our insurance and compliance oversight ensures tenants maintain adequate coverage and adhere to regulations, protecting your investment.
We also manage capital improvements, overseeing significant property upgrades while ensuring compliance with lease terms. Our proactive tenant communication and support foster strong tenant relationships, reducing vacancies and maintaining steady rental income. Our detailed financial reporting provides clear insights into your property’s performance, aiding in informed decision-making. With GM Properties, you achieve long-term financial stability and confidence in knowing your net leased investments are expertly managed.
KEY SERVICES
- Expense Verification and Reconciliation
- Rent Collection and Processing
- Financial Reporting
- Lease Compliance Monitoring
- Tenant Insurance and Compliance Oversight
- Tenant Communication
- Landlord Maintenance Obligations
- Tax Preparation
- Lease Renewals and Negotiations
- Site Visits
CASE STUDY
Confidential Private Real Estate Investor
GM Properties has provided Net Leased Management services on behalf of a private real estate investor since 2021. When the owner approached GM Properties, they had decided to sell a management-intensive 100k sf multi-tenant office/industrial property in Orange County, CA and do a 1030 exchange. The GM Properties team then helped the owner purchase a portfolio of three single-tenant triple net leased investments out of state. This included an 1,800 sf Taco Bell in Altus, Oklahoma; a 1,500 sf Starbucks in Fort Worth, Texas; and a 3,500 sf Denny’s in Temple, Texas. Once acquired, the properties’ lease conditions mandated intensive requirements that the owner could not solely fulfill — the Starbucks, for example, needed a team to oversee roof repairs. So, GM Properties was brought on board to provide on-going Net Leased Management services for the owner’s out-of-state portfolio as well as Property Management of three Southern California properties, encompassing over 75k sf, located in Beverly Hills and Irvine. The net leased services include rent, CAM, and reimbursement collection, CAM reconciliation, lease abstraction and compliance, financial reporting, monthly income distribution, owner/partnership cash distribution management, annual operating budget, loan obligation tracking, tax filing preparation, insurance compliance, landlord maintenance responsibilities, owner association compliance, site visits, and drone inspections.
After selling a property in California, we 1031 exchanged into three out-of-state triple net leased properties, including a Denny’s in Temple, TX, a Taco Bell in Altus, OK, and a Starbucks in Fort Worth, TX. We needed someone with experience beyond California to manage them — that’s why we turned to GM Properties. We are pleased to be working with such an experienced team, who will professionally manage our cash flow therefrom.
Jeff Nason
Private Investor