Local Commercial Real Estate Firm Awarded Property & Asset Management of Medical Office Building
Growing Its Property & Asset Management Portfolio to More Than 550,000 Square Feet
New Orleans (August 22, 2022) – SVN | Urban Properties, a local commercial brokerage, property/asset management and development firm, is pleased to announce that it was recently awarded the property and asset management of the Galleria Medical Office Building at 3100 Galleria Drive in Metairie, bringing its management portfolio to more than 550,000 square feet.
The firm took over management of the property earlier this month. The three-story, 51,000 square-foot building is physician-owned and expands the firm’s managed medical office portfolio to seven properties and more than 250,000 square feet across four Louisiana Parishes. In addition, SVN | Urban has added retail centers in Slidell, Mandeville, Metairie, and New Orleans East this year. These latest assets enabled the firm to expand its team with the hire of a Property Manager, Keith Gross.
SVN | Urban Properties provides asset and property management services for more than 25 properties in six Parishes across the state including the greater New Orleans metropolitan area, Lake Charles, and Shreveport. The firm manages multiple types of commercial investment properties across a variety of asset classes such as industrial, office, medical office, retail, restaurants, shopping centers, short-term rentals, and even coworking spaces. SVN | Urban will also be adding a boutique hotel / hospitality to its managed property portfolio in early 2023.
“Our management style focuses on maximizing our clients’ return on investment by maintaining superior tenant relations, demanding accountability from vendors and service providers, and taking an active, hands-on approach,” said Katherine Bowler, Asset and Property Manager at SVN | Urban Properties “It is important to have a team like ours, as opposed to a singular employee, that pays attention to all the details early on in order to maximize long-term profitability.”
SVN | Urban takes a holistic approach to asset management as it offers services from day-to-day property operations to portfolio oversight, as well as assessment and implantation of asset leasing strategies. For more information on SVN | Urban’s asset management services, please contact katherine.bowler@svn.com.
Commercial Real Estate Firm Celebrates its Seventh Year in Business
Commercial Real Estate Firm Celebrates its Seventh Year in Business
SVN | Urban Properties Exceeds Goals, Grows Team & Joins Global Network
New Orleans (May 5, 2022) – SVN | Urban Properties, a local commercial brokerage, property management and development firm, is celebrating its 7th anniversary, marking a record-breaking year exceeding goals, growing its team, and joining the SVN global network.
Led by its four Managing Directors, Eugene Schmitt, Tyler Robinson, Timothy Thompson and Michael Bucher, SVN | Urban Properties offers its expert commercial real estate brokerage, development and property/asset management services across Southeast Louisiana. This anniversary marks numerous milestones for the company:
The firm’s brokerage team had their best year to date in 2021, and the firm’s total real estate transactions eclipsed $300,000,000 since the company was formed (May 2015).
The property/asset management team now manages more than 550,000 square feet and asset manages more than $100 million in real estate assets.
The firm’s development/project management team has seven active projects with a large-scale development on the horizon this summer.
This past year, the firm’s partners also launched the Urban Venture Fund with plans to deploy capital into regional real estate investments over the next several years.
This positive trajectory and momentum led the firm to join one of the industry’s most recognized brands, SVN®. Operating as SVN | Urban Properties, and becoming the New Orleans franchise, the firm is capitalizing on the expanded reach of SVN International Corp. (SVNIC, headquartered in Boston, MA) and joins an international network of 1,600+ Advisors in 200 offices serving over 500 markets. The strategic partnership allows the firm to gain unlimited access to industry-leading commercial real estate tools, technology, and systems that maximize clients’ time and returns.
“We formed Urban Properties during Jazz Fest 2015, so our anniversary always has an extra vibrancy and meaning to it,” said Tyler Robinson, Partner and Managing Director at SVN | Urban Properties. “We are delighted to be able to celebrate back at the fest this year with our larger-than-life team. We are amazed at how far we’ve come and are excited about everything we will continue to achieve. We would not be where we are today without the team we’ve built and our clients believing in and investing in us along the way.”
To service the increased business opportunities over the last year, the firm has grown its team to 11 professionals and is actively hiring – both in operations and on its licensed agent advisory team. SVN | Urban Properties is entering its eighth year in business and is located at Urban HUB in the Lower Garden District at 1582 Magazine Street, New Orleans.