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Asset Managers Take Lead Role in Keeping Properties Performing

WOODBRIDGE, NJ-In today's market, asset managers are being asked to aid owners--and lenders--in keeping properties' cash flowing.

By Maria Wood | Updated on September 08, 2009

WOODBRIDGE, NJ-More than ever before, asset managers are playing an increasingly prominent role in helping owners, as well as lenders that have taken back assets as REO, keep properties cash flowing and filled with tenants.

“It is probably one of the biggest growth fields in real estate at this point,” declares Jonathan B. Schultz, managing principal at locally based Onyx Equities LLC, which does third-party asset management. That’s because with few sales being transacted nowadays, owners must meticulously asset manage the properties they do hold. Or they are asking their third-party asset managers to do the same.

Therefore, assets managers must review the owners’ revenue stream to ensure it is not diminished, says Eileen Carey, senior portfolio manager, client solutions, at Cushman & Wakefield in East Rutherford. Her office manages close to 20 million square feet in New Jersey, Westchester County, NY and the southern portion of Connecticut.

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