News

Brand Properties sells two Atlanta Apartment Communities

Atlanta continues to boom as Brand Properties sells two excellent multifamily developments to Blaze Partners LLC of Charleston, South Carolina for nearly $133M.  Stadium Walk is a 309 unit upscale development with a prime location near the Battery Atlanta, and walking distance from SunTrust Park.  Overlook at Huntcrest is a 299 unit upscale community strategically located in fast-growing Suwanee in Gwinnett County.

Read more here.

We are hiring: Property Accountant

Seeking Qualified Candidates

Position: Property Accountant

Company Overview:
Brand Real Estate Services is an established full-service commercial real estate firm committed to the success of our clients. We are strategic stewards of a diverse portfolio of five million square feet of retail centers, office buildings, flex properties and land throughout the Southeast. Our uniform commitment to client service and entrepreneurial spirit set us apart. We specialize in asset and property management, landlord leasing, tenant representation, investment sales, as well as construction and development in partnership with our sister company, Brand Properties.

Job Description:
The Property Accountant is responsible for full cycle property management accounting for a portfolio of assigned commercial properties. Work involves frequent communication and interaction with clients as well as accounting, leasing and property management team members. This position may evolve into a Senior Property Accountant if knowledge, experience and leadership qualities exist.

Responsibilities:
· Prepare accurate and timely financial statements with supporting documentation.
· Review and enter accounts payable invoices. Work with Property Manager to ensure invoices are properly coded and expensed to the correct property and period.
· Process tenant cash receipts, process checks, perform cash management transactions.
· Research and answer Property Manager’s questions regarding tenants, property income and expenses.
· Generate recurring charges on the first of the month and issue tenant rent statements.
· Review operating statements and identify missing expenses needing accrual.
· Review and reconcile accounts receivable aging and supporting tenant ledgers.
· Maintain reconciliations on balance sheet accounts.
· Manage fixed asset system and record monthly depreciation and amortization.
· Set up new properties, maintain buildings/suites square feet.
· Abstract leases in detail regarding lease charges to ensure billings are in compliance with lease terms.
· Set up recovery formulas for buildings/leases necessary for CAM reconciliations.
· Prepare annual CAM reconciliations, ad-hoc reporting.
· Work with Property manager to prepare annual budgets for all properties and reforecasts as needed.
· Assist Manager of Accounting with special projects as necessary.

Qualifications:
· A Bachelor’s degree in Accounting or equivalent experience.
· Experience in property management or real estate accounting required.
· MRI experience required and Yardi experience a plus.
· Excel experience required.
· Experience with commercial leases required.
· Must be able to work productively with little direction or supervision.
· Excellent organization and communication skills mandatory.

Interested parties, please respond to resumes@brandproperties.com.

Property_Accountant_Job_Description_pdf

Echo Lakeside in Technology Park

Brand Properties’ mixed-use development Echo Lakeside is helping transform and update Technology Park in Gwinnett.   The upscale apartments and townhomes are geared toward attracting millenials and feature a winding trail system that will connect office and residential areas with restaurants and shopping.  Read more here.

We are hiring: Senior Leasing Representative

Seeking Qualified Candidates

Position SENIOR LEASING REPRESENTATIVE

Company Overview

Brand Real Estate Services is an established full-service commercial real estate firm committed to the success of our clients.  We are strategic stewards of a diverse portfolio of five million square feet of retail centers, office buildings, flex properties and land throughout the Southeast.  Our uniform commitment to client service and entrepreneurial spirit set us apart.  We specialize in asset and property management, landlord leasing, tenant representation, investment sales, as well as construction and development in partnership with our sister company, Brand Properties.

Job Description:

The SENIOR LEASING REPRESENTATIVE will join the Brand Real Estate Services leasing team currently responsible for a 5M square foot portfolio.  The dynamics of a third party services company will provide candidates with the opportunity to interact with property owners, retailers, brokers, and internally across all disciplines including management, leasing, accounting and construction.  Transaction volume is the measure of success and requires a strong work ethic by an independent and self-motivated professional.  Working from home is a personal choice, although the company will provide an office and support staff capable of shepherding deals through the process.  SENIOR LEASING REPRESENTATIVES will have the full support of the EVP Leasing to assist in navigating deal approvals, networking, etc.

Responsibilities:

The primary responsibilities of the SENIOR LEASING REPRESENTATIVE are sourcing prospective tenants, negotiating lease parameters on new deals and renewals, and cultivating tenant, broker and ownership relationships.

Effective marketing will begin with a thorough understanding of portfolio demographics, traffic patterns and market trends and being knowledgeable of competing shopping centers and rental rates.  The subsequent development of a marketing strategy is the foundation for all future leasing initiatives.

Sourcing prospective tenants will require outward marketing efforts to include personal visits to competing centers, cold calling from curated lists of appropriate merchandise categories and sending relevant marketing packages and materials to Tenant Brokers.

Negotiating lease parameters will require an understanding and knowledge of current market trends (rates, concessions, terms etc.) and the physical constraints of the premises relative to the needs of the prospective tenant.  SENIOR LEASING REPRESENTATIVES should have the ability to understand a situation (or deal scenario) and creatively, logically strategize alternatives to determine a course of action.  Ultimately communicating your strategy to an Owner for deal approval is paramount.

Qualifications:

  • Experience leasing a diverse retail portfolio for 5 – 7 years
  • Ability to establish successful marketing strategies involving call follow ups, site visits, and presentations as required
  • Develop and maintain long term relationships with tenants, real estate brokers and their clients
  • Coordinate with property management and/or contractors for new and existing tenant improvements
  • Ability to interact with Owners or Asset Managers for approval of proposed deals (with proper support business plan, financials) and to demonstrate leasing efforts through monthly leasing updates
  • Georgia Real Estate License

Interested parties, please respond to resumes@brandproperties.com

Brand Morgan speaks at Bisnow Event

Brand Properties CEO Brand Morgan and other multifamily developers recently gathered to speak about market conditions at Bisnow’s Exploring Gwinnett County & Northeast Atlanta event. Demand for affordable housing is high and supply is low, yet land acquisition and construction costs are a considerable challenge.  Developers are seeing success in the suburbs with new projects.  Read more here.

We are hiring: Assistant Property Manager

Seeking Qualified Candidates

Position:    Assistant Property Manager

Company Overview:

Brand Real Estate Services is an established full-service commercial real estate firm committed to the success of our clients.  We are strategic stewards of a diverse portfolio of over four million square feet of retail centers, office buildings, flex properties and land through the Southeast.  Our uniform commitment to client service and entrepreneurial spirit set us apart.  We specialize in asset and property management, landlord leasing, tenant representation, investment sales, as well as construction and redevelopment in partnership with our sister company, Brand Properties.

 Job Description:

The assistant property manager is responsible for assisting the property management team in the overall administration and operation of the properties with respect to the organization of vendors/contractors, owner and tenant information, and policies and procedures.

Summary of Primary Responsibilities:

Reviews vendor/contractor invoices for accuracy as needed/when requested and facilitates preparation and manager approval in order to facilitate prompt payment.

Supports as necessary the accounting team and/or property manager in investigating tenant delinquencies by contacting the tenant and/or accounting in order to ensure prompt payment or to learn the status of the delinquencies.

Assists in preparing the annual budget for the properties by gathering and organizing expense information throughout the year and calculating future expenses based on this historical information.

Acts as back-up to the various property managers when they are out of the office for extended periods.

Additional Duties/Responsibilities:

Assists in preparation of or prepares monthly property financial reports as requested

Carries out mailings (e.g., SNDAs, Estoppels, Move-In/Commencement letters)

Tracks and follows up on Certificates of Insurance

Implements and Manages Building Engines

Sets up utilities at new properties and tracks and follows up on tenant HVAC maintenance contracts

Transitions hard copy files to e-filing system

Organizes vendor/contractor databases

Updates and distributes monthly property management lists

Fields/screens calls to PM department coming from reception.

Supports the preparation of annual operating expense, CAM, Tax and insurance reconciliations as requested

Carries out Assistant Property Manager responsibilities for One Sugarloaf Center

Other duties as assigned

Qualifications:

Four year degree preferred; three years relevant work experience

Must be a self-starter, self-disciplined, and highly organized

Proficient in certificates of insurance, invoice processing, Microsoft Word, Outlook, Excel and MRI

Excellent verbal and written communication skills

Dependable, strong work ethic and ability to work well with clients and BRES team

 

Interested parties, please respond to pfreeman@brandproperties.com

Assistant Property Manager Job Description pdf

Suzanne Bunn featured by ICSC

Congratulations to our own Suzanne Bunn, Senior Property Manager, for a well-deserved showcase in “The human element: Meet the people who make the retail real estate industry run” featured by ICSC this week!

PROPERTY MANAGER

Suzanne Bunn has earned plenty of professional certifications over the course of a 38-year real estate career: CSM, CRX, CPM, LEED Green Associate. But as senior property manager of Brand Real Estate Services, she also relies on training that may seem wholly unrelated to her job. Bunn earned a bachelor’s degree in psychology from the University of Georgia and a master’s in counseling psychology from Georgia State University. And she asserts that the specialization is relevant. “It has helped me listen to customers and vendors and to develop the close relationships I have with my tenants, who are often mom-and-pops who put their last saved dollar into their businesses,” Bunn said.

At Duluth, Ga.–based Brand Real Estate Services, Bunn manages 11 shopping centers in metro Atlanta and one in Charleston, S.C., as well as some office properties. Bunn joined the firm in 2014 after stints at Edens, Faison–Trammell Crow and Watkins Real Estate Group. “I have the experience of working on a project from ground up through ground-breaking to grand opening, and then working with tenants three to five years later after lease renewals,” she said. “That is really how I started.”

Suzanne Bunn is senior property manager of Brand Real Estate Services

On a typical morning, Bunn may field questions from newly signed tenants in need of orientation, or help national chains or mom-and-pops coordinate with contractors on the final stages of a store build-out. “There is the occasional roof leak, too,” she said. “But fortunately, I have really good properties that are 100 percent leased. I really don’t have too many maintenance issues.”

These days Brand is working with foodie-friendly restaurants in the Atlanta suburbs. “They might be featured in, say, Atlanta magazine and have lots of customer traffic,” she said. “Given all of that traffic, you have to make sure those properties are maintained at the top of the line so that they present a nice experience for their customers.”

Bunn served for years on the planning committee of the ICSC Southeast Conference (she was chairwoman in 2013), and she also belongs to the Institute of Real Estate Management. She earned her LEED Green Associate certification from the U.S. Green Building Council in 2012. She often works with vendors to obtain the best LED lighting, water-saving landscape elements or recycled materials. “If you can cut down on something like water usage, you can reduce your common-area expenses too,” she said. “Increasing efficiency is a win for everybody, and it’s good for the planet.”

 

 

Pat Freeman receives the Huey Award from BOMA Georgia

Congratulations to our very own Pat Freeman who earlier today was awarded the “Huey Award” from BOMA Georgia.  This is a very high honor given only once in a lifetime recognizing someone who has tirelessly given their time in service to BOMA.  No one deserves this recognition more.  Pat served not only as past president, but also worked in most every committee over time.

For those unfamiliar w/ BOMA, The Building Owners and Managers Association is a trade association with approximately 1,000 members representing commercial real estate.  You probably have seen their work with government advocacy, the “industry standard” method of floor measurement, TOBY Awards (Bldg of the Year) and of course, education.  BOMA has four industry designations, all of which Pat has mastered, I’m sure.

Congratulations Pat… we’re fortunate and proud to work alongside you.

Scott Meadows, President

Home of Hope at Gwinnett Children’s Shelter

This year our company’s day of service took us to the Home of Hope at Gwinnett Children’s Shelter, where our own Brand Morgan is President of the Executive Board. This inspiring organization has operated in Buford for almost 30 years serving homeless children and their moms. Executive Director Maureen Kornowa explained that the goal of this loving and nurturing environment is to end the cycle of homelessness. Their 3 to 12 month transitional living program provides free room and board with customized life-skill training in budgeting, parenting, resumes, job hunting and more.  Children attend local schools while moms use an onsite resource center to find a job and begin work. With time, moms save and learn life skills that allow them and their children to graduate to independent living.

We were happy to decorate inside and outside for Christmas, organize donated articles, and provide gifts for the children from their wish list. If you would like to help with your time, talents and/or financial donations, visit their website here.  You can make a difference!