Beacon Management Services, a leading real estate management company, was recently selected by an investment entity in Manhattan to manage and lease an apartment community in northeast Atlanta along the I-85 corridor in Gwinnett County. This is the second multifamily apartment community to go under management by the Atlanta-based company.
“Multifamily apartment management represents a rapidly growing business segment for Beacon,” said Lisa Simmons, president of Beacon Management Services. “We’ve been approached by investors seeking a professional Atlanta management partner who can maximize asset values. We see investor appetite remaining strong for multifamily properties in suburban markets with good fundamentals.”
Beacon Management offers high-quality NOI performance that is sustainable with low volatility. This performance leads to outsized, risk-adjusted returns achieved through its competitive advantages including:
- Business plan designed to maximize the value of the community and meet the owner’s goals.
- Thorough understanding of market conditions and trends.
- Extensive “Value Add” renovation experience.
- Lease up and planning for lease up and new developments.
- Due diligence services for acquisitions.
- Budget development and consultation on funding models
- Extensive property performance reports
Beacon Management Services LLC is a leading Atlanta property management company which offers comprehensive solutions to residential, multifamily, commercial and mixed use properties. Professional, personalized service found in smaller organizations, coupled with the extensive resources of a proven leader; make Beacon the first choice for onsite and portfolio management.
Beacon Management offers the following overview of the importance of strategic planning.
Simply stated, strategic planning is a process we use to determine where we’re going and how we’re going to get there. It includes these steps:
Assessing our current position. We will identify our strengths, weaknesses, opportunities, and threats. Knowing where we are now will help get us where we want to be in the future.
Identifying our purpose. This will become our “mission statement.” For example, “Our association exists to ensure the highest possible quality of life for all residents.”
Setting goals that identify what we need to achieve the mission. Our goals will be specific and measurable, and will provide an indication of how we’re doing as we progress.
Deciding how to meet our goals. We may have to allocate resources, create committees, or undertake other tasks to achieve our goals.
Developing an action plan. Each step will require a specific action plan. For example, if a committee is needed, who will serve, exactly what tasks will be assigned, and when will the results be needed?
Monitoring and updating our plan. We’ll review the strategic plan regularly. . If we learn that our earlier ideas and goals were shortsighted or uninformed, we’ll update accordingly.
Please contact Beacon Management Services in Atlanta, GA if you require assistance with your community association or condominium association at (404) 907-2112.