Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

City of Kannapolis

Presentation to City Council for Property Management Services - 08/10/15
by

Michael Altieri

on 10 August 2015

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of City of Kannapolis

Founded in 1899 in Charlotte, NC

Privately-held full service commercial real estate firm; providing management, accounting, maintenance, leasing/sales brokerage, project management & consulting

Clients include: corporations, government institutions, individual investors, tenants, owners and borrowers of all backgrounds.

3,734,955 square feet currently under management in North and South Carolina.

Managed as much as 7,000,000 square feet of real estate at height of real estate market (mid-2000's)
City of Kannapolis
Management Proposal

In partnership with
The UNC School of Government
Development Finance Initiative

Class C and/or Challenged
Cabarrus County
Wells Fargo Receivership
132,075sf
retail, industrial & office
3 properies/6 buildings
high vacancy
deferred maintenance
Colonnade at Kings Grant -
Concord, NC
21,100sf Retail






CEENTA - Concord, NC
16,798sf Medical





School House Commons -
Harrisburg, NC
84,303sf Retail


By:
Michael Altieri &
Steve Banner, LEED, CPM, RPA, CCIM

NAI SOUTHERN ORGANIZATIONAL CHART
Olde Lancaster Town Center
79,180sf
Ballantyne office and retail
Cash Flow/Vacancy
Lender pressure
CITY OF KANNAPOLIS PROPOSED ORGINIZATIONAL CHART
Thank You!
Currently Under Management

Property Type

Retail
Industrial
Special Use
Medical Office/Office
POA/HOA

SRE TOTAL MANAGED SF

Number

25
4
1
47
3

Total Square Footage

1,210,733
310,369
97,248
1,848,171
268,434

3,734,955

Albemarle, NC
Belmont, NC
Charlotte, NC
Concord, NC
Denver, NC
Garner, NC
Gastonia, NC



Greensboro, NC
Harrisburg, NC
Hickory, NC
Huntersville, NC
Indian Trail, NC
Lenior, NC
Lincolnton, NC

Matthews, NC
Monroe, NC
Mooresville, NC
Pineville, NC
Richfield, NC
Salisbury, NC
Troy, NC

Richfield, NC
Salisbury, NC
Troy, NC
Waxhaw, NC
Rock Hill, SC
Lancaster, SC
Gaffney, SC
Fort Mill, SC

Downtown Charlotte
Owner: City of Charlotte
Main transit terminal
97,248sf (9,100sf retail)
Operates 24 hours/7 days per week/
365 days per year
Begin September 2015
Charlotte Transit Center (CATS)
Scope of Services
Full-Service Management Duties including:
Property Accounting
Rent Collection
Accounts Payable
Accounting Monthly Reporting - MRI
Annual Budgeting/Reconciliations
24 Hour/ 7 days a week Help Desk services - EMCOR
24 Hour Maintenance ($55/hr. after hours)
Vendor Management
Coordinate Tenant Communication/Management with Asset Manager
Lease Administration
General Building Inspections
Preventative Maintenance Records/Schedules - Angus Anywhere
Tenant retention programs
Semi-annual roof inspections
Supervise building improvements less than $10,000 at no additional cost
Maintain certificates of insurance on all vendors and contractors
Overall Flexibility
Walton Plaza
Public Owned Property
Downtown Charlotte
Owner: CMS Schools/Mecklenburg County
85,000sf
Managed from 1997-2010
Full transcript