JG Realty has hired The Premier Companies (Premier) to provide property management and leasing services to the firm’s real estate portfolio, covering ten buildings in the Washington, DC area.
The management contract includes a total of 467,000 square feet, and represents a combination of retail, office and warehouse properties spanning locations from Olney, MD to Fredericksburg, VA.
Premier has been providing property and asset management services in metropolitan Washington, DC, Maryland, Virginia, Delaware and Florida for over 20 years. JG Realty is a third generation real estate investment company headquartered in Washington, DC.
JG Realty partner, Ian Golub, selected Premier because, “We sought a boutique management firm where we could talk directly with the principals and know that they are involved in the day-to-day management of the properties. In addition, after speaking with the president of Premier, Jonathan Cutler, I found that we have similar business and investment strategies. I like the fact that Premier also owns a significant portfolio of similar buildings, so I know that they will truly understand our ownership concerns.”
Both JG Realty and Premier note that the challenge of managing this portfolio will be its diversity, since the properties vary dramatically in size, type, location, and tenant profile.
“Each of these properties will require a hands-on, individualized approach to optimize the return to JG Realty,” said Cutler. “But that sort of hands on, strategic thinking and execution is what Premier is known for in the industry.”