ASSET MANAGEMENT/OPERATIONSof

Vertical Mixed-Use(2-4 stories)

Presented by:yMichael J. Mathews

President / Designated Broker

Wh ’ th Cli t?Who’s the Client?What are the objectives?Commercial vs ResidentialCommercial vs ResidentialFor Sale vs RentalAmenitiesAmenitiesStaffing

Complex and management intensiveComplex and management intensiveComplex and management intensiveComplex and management intensive

Parking Parking Trash / Compactors / BalersCommon Elements/Public AreasCommon Elements/Public AreasService/Delivery AreasBuilding/Mechanical SystemsBuilding/Mechanical SystemsUtilities

Sub-meteringg

Physical characteristicsPhysical characteristics

Get involved as early as possibleG o d as a y as poss bDesign ReviewGovernance StructureGovernance Documents

Development involvementDevelopment involvementDevelopment involvementDevelopment involvement

Centerpoint pProperty Owner

Association

Member -Centerpoint

Holdings

Member –Brookfield/

Chase

Member -Marriott Tempe

Downtown Courtyard

Member – Irby House

Future Member – Avenue

Communities

CenterpointCenterpoint

DC Ranch Covenant

Commission

DC Ranch Community

Council (Community Association)

Market Street at DC Ranch

Retail Declarations

Market Street at DC RanchMarket Street at DC Ranch

Master Association

Commercial Association

Residential Association

Retail Condo’s

Office Condo’s

Residential Condo’s

Scottsdale WaterfrontScottsdale Waterfront

Community Community Association

Verrado District Verrado District Core (90%/10%

Development split in ownership)

Verrado Condo Association

Retail Condo’s Residential Condo’s

Verrado District CoreVerrado District Core

Master Master Association

Retail Parcel Declaration

Condo Declaration

Retail Office Residential Condo’s

Retail Parcel Declarations

Retail Condo’s

KierlandKierland CommonsCommons

Budget/Assessmentsudg / ss ss sExpense Allocations / Cost PoolsCommercial – Fixed Cam

Development involvementDevelopment involvementDevelopment involvementDevelopment involvement

Pool APool A

Pool BPool E

Pool Pool CPool D

Expense Allocations / Cost PoolsExpense Allocations / Cost PoolsExpense Allocations / Cost PoolsExpense Allocations / Cost Pools

RetailRetail

Office

POOL “A”Hotel

Residential

Cost Pools Cost Pools –– Master Association Master Association common area expensescommon area expensescommon area expensescommon area expenses

Retail

HotelPOOL “B”

Residential

Cost Pools Cost Pools –– Retail Sharing certain Retail Sharing certain expenses with Hotel & Residentialexpenses with Hotel & Residentialexpenses with Hotel & Residentialexpenses with Hotel & Residential

Retail

POOL “C”

OfficeOffice

Cost Pools Cost Pools –– Commercial Expenses Commercial Expenses allocated between Office & Retailallocated between Office & Retailallocated between Office & Retailallocated between Office & Retail

Retail –Restaurants

HotelPOOL “D”

Residential

Cost Pools Cost Pools –– Restaurants, Hotel & Restaurants, Hotel & Residential sharing valet expenses.Residential sharing valet expenses.Residential sharing valet expenses.Residential sharing valet expenses.

Hotel

POOL “E”

ResidentialResidential

Cost Pools Cost Pools –– Hotel & Residential Hotel & Residential sharing pool/spa & exercise facilitiessharing pool/spa & exercise facilitiessharing pool/spa & exercise facilitiessharing pool/spa & exercise facilities

What to avoid…What to avoid…What to avoid…What to avoid…

What to avoid…What to avoid…What to avoid…What to avoid…

For more information contact us at:

11811 N. Tatum Blvd, Suite P-177Phoenix AZ 85028

Phone: (602) 953-6150Fax: (602) 953-6151

www msrea netwww.msrea.net

Michael J. MathewsPresident / Designated Broker