Property Management
Grubb & Ellis | New Mexico

2424 Louisiana Blvd NE, Suite 220
Albuquerque, NM 87110

505.880.7077 (phone)
505.880.7009 (fax)

After Hours EMERGENCY contact: 505.889.6153

Exceeding standards for excellence in property management, Grubb & Ellis | New Mexico has earned the prestigious Accredited Management Organization (AMO ® ) designation from the Institute of Real Estate Management (IREM ® ). Two of our Portfolio Managers are Certified Property Managers (CPM ® ), having earned this designation from the Institute of Real Estate Management (IREM ® ) through education and experience. With a commercial management portfolio exceeding 1.9 million square feet, Grubb & Ellis | New Mexico provides comprehensive property management services for all types of commercial real estate including office, retail, medical and industrial properties. We serve a full spectrum of clients from institutions and corporations to investors and individuals.

At Grubb & Ellis | New Mexico our property management professionals are dedicated to quality and hands-on service. Through our experience, education, integrity and commitment to professionalism, we maximize profit and enhance the value of our clients' real estate assets. Grubb & Ellis | New Mexico relies on the expertise of our professionals to provide quality service to our clients in all facets of property management.

Our commitment to quality service is evidenced in each and every property we manage. Grubb & Ellis | New Mexico recognizes that each property has individual needs and specific owner objectives. Portfolio Managers communicate with each client to create a management plan focused on meeting the objectives and goals for their property. Our proactive approach results in satisfied tenants and successful investors.

Grubb & Ellis | New Mexico uses an integrated team approach and our flexibility in interfacing with the unique needs of each of our clients allows us to manage properties for a broad spectrum of clients. We manage properties for a wide range of clients from individual investors to large corporations and institutions such as Jayeff Construction Corporation, HDIC-McCune Foundation of Santa Fe , Los Alamos Research Park and Union National Life Insurance Company.

A Brief Overview of Our Property Management Scope of Services:

• Perform regular property inspections and monitor preventative maintenance programs
  
• Establish property procedures for day to day operations and emergency programs
  
• Competitively bid, negotiate and approve service contracts for the property
  
• Oversight of the operation and maintenance of all property automated systems
  (HVAC systems, door monitoring systems, fire alarm systems, etc.)
  
• Administer the leases and lease renewals, enforce lease compliance with tenants
  
• Supervise property collections including property receipts, records of accounts, bank deposits and delinquent accounts
  
• Prepare annual budgets, including operating budget, CAM reconciliation/budget and capital expenditure budget
  
• Provide a monthly financial reporting package to include: executive summary of property activity, budget comparison, profit and loss statement, balance sheet, aged accounts receivable, bank account statements, bank statement reconciliation, security deposit liability accounting and updated rent roll
  
• Analyze and make recommendations on major capital expenditures

Additional Services Available:

• Maintenance and porter services
  
• Due diligence service
  
• Tax protest services
  
• Construction management for tenant improvement and capital improvement projects
  

A Sample of Our Portfolio of Commercial Properties Include:

Atrisco Ranch Plaza - 214,194 SF Retail Center

Broadbent Business Park - 277,496 SF Office/Industrial Park

Far North Shopping Center - 146,811 SF Retail Center

One Executive Center - 114,309 SF Office Building

Los Alamos Research Park - 86,197 SF Office Building

HDIC Theatre Block - 95,469 SF Retail & Office Building

HDIC Gold Lofts - 62,680 SF Retail and Residential Lofts

Albuquerque Trade Center - 60,511 SF Office/Industrial Park