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