The private real estate firm, Mindful Capital Group, founded in 2003, specializes in the acquisition, repositioning, and management of industrial real estate assets. MCG focuses on four types of management services. In this article, we will take on two of the services. Those two services are property management and development management.
Property management is defined as the daily oversight of residential, commercial, or industrial real estate by a third-party contractor like Mindful Capital Group. Typically, property managers will take responsibility for the day-to-day repairs, ongoing maintenance, security, and even the upkeep of properties. They will work for the owners of investment properties such as apartments, condominiums, private home communities, industrial parks, and shopping centers.
The main role is to manage those routine tasks set forth by the owners and to preserve the value of the properties they manage. And they need to do all of this while also generating income.
Development management, like what is offered by Mindful Capital Group, is the strategic planning, administering, and control of a project during its developmental life cycle. This begins from project planning through construction completion and finally the project exit. It is performed to minimize project and financial risk while maximizing profit for the developer.
A development manager has a two-fold job. One hat they wear is as the project developer’s agent and the other hat is as a construction manager. The development manager is assigned overall responsibility for project planning, project management, financial management, and project delivery through all development phases, until project exit.
Mindful’s principals and management group brings expertise and experience at analyzing investment opportunities, optimizing asset financing, and strategically managing its portfolio to enhance and maintain values to the highest standards. Contact Mindful Capital Group now to see how we can get you started on the road to financial well-being.