The commercial division of AMERICAN PROPERTY ENTERPRISES centers its efforts on value creation and enhancement for the owner and investor. A three pronged operating strategy is used to achieve this goal. First, the Company acquires existing commercial properties for renovation, market repositioning, rehabilitation, or redevelopment of existing uses, and/or mapping for commercial condominiums or development of alternative uses such as multifamily or mixed use projects. Secondly, the Company develops new commercial properties including office/industrial business parks, office buildings, and showroom/retail centers. Finally, the Company provides owner-focused commercial property management, asset management, and leasing services for its own portfolio of assets and for select private and institutional investors. The Company considers excellent property management and aggressive asset management vital components in the successful execution of the business plan for its developments.
Since it began operations in 1985, AMERICAN PROPERTY ENTERPRISES has successfully completed the development, rehabilitation, and repositioning of over 2,800,000 square feet of office/industrial business parks, office, showroom/retail properties, and residential rental and for-sale properties located in the Southwestern United States.
A successful commercial real estate investment depends not only upon a developer’s capacity to manage multiple disciplines but also the developer’s proficiency and attention to detail throughout each individual stage of the project. At AMERICAN PROPERTY ENTERPRISES, every stage and facet of development is meticulously undertaken by experienced and skilled professionals. From detailed market research and feasibility studies, to thoughtful design and construction management, and finally to careful asset management and lease-up to stabilized occupancy, each step in the execution of the business plan must be successfully achieved in order to create value.
To sustain and maximize the value created by real estate development or redevelopment, however, careful attention must be paid to the property management of assets with multiple tenants. The executives and staff of AMERICAN PROPERTY ENTERPRISES are committed to the proposition that excellent property management is vital to enhancing the value of a property (i.e. improving the quality, quantity and durability of rental revenues). Beginning with careful tenant screening practices for creditworthiness, responsible business practices, and appropriate business uses, and continuing with regular inspections of tenant premises and common areas, as well as swift but practical responsiveness to delayed payment or non-payment of rent by a tenant, our standards for good property management are very high. By providing clean, well-maintained common areas and attractive buildings, and by providing excellent customer service to our tenants, we recognize that we can attract higher quality tenants and minimize turnover. And, by providing “value” to our tenants in the form of excellent property management, we are able to keep rents at, or even above, market levels. All of these standard operating procedures at AMERICAN PROPERTY ENTERPRISES translate into maximizing returns for our investors.
AMERICAN PROPERTY ENTERPRISES’ full-service, in-house capabilities in asset and property management, finance, accounting, and construction management, uniquely position the company to expertly control each project from conception to completion, stabilization and, finally, disposition. With a track record of numerous successful ventures, the AMERICAN PROPERTY ENTERPRISES’ team has continually shown the skills to recognize, plan, and execute effective value-added and new development projects with the ultimate goal of creating value for the owner and investor.
With more than two decades of commercial development experience, we have come to know what makes a great commercial property and what works best for tenants, buyers, and investors.