• Alter Asset Management's Property-Management Team Wins TOBY Award for Kaplan University at Cypress Creek Concourse

    Alter Asset Management's Fort Lauderdale property management team, led by its partner, Cushman & Wakefield of Florida, has won the Building Owners and Managers Association's (BOMA) Outstanding Building of the Year (TOBY) Award. Samuel F. Gould, Alter Asset Management President, announced the award, for the 200,000 SF Kaplan University offices at the 45-acre Cypress Creek Concourse office park.

    Owner

    Real estate has once again become the premier investment asset.

    Last year, we saw $533 billion in building sales -- the second highest level ever. This resurgent market was accompanied by rising lease rates, falling vacancies and no oversupply of new product. National cap rates now average 6.5% nationwide. To maintain premium pricing in the market, an investor or owner today needs their building to maintain the highest operational standards. Buildings slated for refinancing or disposition are being scrutinized by lenders to assess the quality of their management. AAM recognizes the critical role that property management plays in an owner’s business strategy. For us, it starts with configuring the optimal tenant mix to enhance the value of the asset. From leasing to the tenant improvements to the move-in and long term tenancy, AAM assures that the building always delivers a high-touch, professional experience. Over the life of the asset, AAM performs the budgeting, reporting, business planning and capital improvements needed to maintain and enhance asset quality. And we control operating costs with our rigorous oversight of insurance, administration, utilities and tax expenses. Along the way, AAM focuses on energy management, building efficiency, process automation, vendor procurement and transparency so the process is always smooth and successful.