Stabilized Assets

Even properties that are currently performing well often present numerous opportunities to improve efficiency in operations and leasing. REVA Management has been exceedingly successful in developing tactical improvements in operating efficiency, implementing rigorous oversight of vendors and enhanced accountablility. Our Systematically Proactive^TM regimen delivers high quality information that allows our team to focus on high impact, low cost opportunities to enrich the tenant experience and set the property apart.

Decades of experience also allow our principals to devise strategic repositioning and identity programs that result in significant increase in net effective rents, net operating income and property values.

Turnaround Assets

Whether your asset has drifted into trouble or slammed into a brick wall, immediate and aggressive action is the key to an effective turnaround. Within 48 hours of taking responsibility for an asset, senior members of our team are dispatched to inspect the physical plant including rooftops and mechanical rooms, interview leasing agents and property managers as well as visit with tenants and tour the neighboring properties. The objective is to rapidly develop a tactical plan and approach to deliver maximum impact to stabilize the property. This step has to be achieved in the shortest amount of time while utilizing capital as efficiently as possible.

Time is critical - It is essential that someone be in charge and take a personal interest in solving problems, invigorating staff and protecting the lender and the owners’ respective investments. Failure to act could doom the property to an accelerating death spiral.

Creativity counts – A less seasoned and entrepreneurial asset manager could be discouraged or derailed by capital challenges, disgruntled tenants and upset vendors. We are there to meet in person with the prospective tenants and the leasing agents, demonstrating a high level of involvement, flexibility, responsiveness and commitment.

Experience matters – our team has been down these paths many times. We know the language and the landmarks, which allow us to navigate to a successful conclusion more often than not. If you have a property that is in jeopardy, whether from a lender that is threatening or tenants that are leaving….the last thing you want to be doing is providing on the job training to a novice asset manager

Think like an owner – REVA has an owner-centric culture and we routinely implement decisions that save our clients and their properties hundreds of thousands of dollars. Our efforts to re-bid contracts and reevaluate vendors and property operations have often added income of $100,000 or more that drops straight to the bottom line. Little things make a huge difference and behaving like an owner is the key to long term success.

It is all about income and that means commercial real estate is all about the tenants. At REVA Management Advisors, we know the vast majority of brokers in any market are uninspired. Most of their effort is the same today as it was last week or last year. We pride ourselves on changing the leasing equation. When our team is on the job, you can expect inspired, creative, active and aggressive leasing. We work diligently to drive rents; with great service we strive to increase renewals; with creative marketing to attract the best new tenants; and with responsiveness we keep brokers happy and the process moving forward.

“Good strategy and aggressive leasing is more about creativity and responsiveness, about understanding the tenant’s concerns and objectives than it is about just pricing and concessions. REVA knows how to aggressively work to earn a tenant’s business, provide excellent service and get the job done.”
– Dodson Schenck Managing Director, CB Richard Ellis

“There was an instance where lease negotiations had stalled with an important prospect. I called REVA and one of the REVA principals personally came out to meet with the prospective tenant. In short order, the issues were worked out and a new 10 year lease was in place. Attention and involvement from a knowledgeable [asset manager] owner can make the difference.”
- Charlie Polk SIOR, Executive Director, GVA Advantis