|Prior to launching Signature in 1994, the owner held senior positions in large national real estate firms on Bay Street. It was, and is his belief, that there exists a niche in the market place for a fast, proactive, professional and experienced property Management Company, which is committed to "hands-on" management while maintaining a small, yet extremely flexible management group.|
Listed here are examples of the successes utilizing this style of management.
|Downtown, Toronto, Ontario|
12 Storey Commercial Office Building
Vacancy rate of 70% / Operating Costs extremely high / Building mechanical systems and common areas in dire need of upgrading.
Vacancies reduced to 3% within 3 years / Operating costs reduced by 20% the first year and 12% the following year / Elevators refurbished, installed computerized energy management and security systems, major upgrades to chiller and boiler.
|Mid-Town, Toronto, Ontario|
8 Storey Commercial Office Building
Vacancy rate of 60% / Operating costs too high / Building mechanical systems and common areas required upgrading.
Vacancies reduced to 22% in year 1 / down to 2% in year 2 / Operating costs instantly reduced by $2.75 p.s.f. / Relamping of all interior and exterior building areas with energy efficient lighting. Discovery of, and recovery of funds on overpaid contract accounts.
|Industrial, Markham, Ontario|
26 Industrial Units - Ground Level, 7 Office Units - Second Level
Vacancy rate of 38% / Inconsistencies in area measurements / Property experiencing negative cash flow, unsecured gross & semi-gross leases.
Vacancies reduced to 11% in less than 1 year / Re-measurement of the building offered owners an increase in rentable area of 15% / Renewed all expiring leases and renegotiated all others; converting them to triple net at little or no cost to the Mortgagor.
|Condominium, Shelburne, Ontario|
52 - Garden Variety Residential Townhouses
High accounts receivable / Low reserve fund / Legal fees paid by Corporation.
Accounts receivable reduced by 75% within first 11 months / Reserve fund increased in excess of 40% within the first 11 months / Legal fees charged back to individual home owners.