Triumph defines Asset Management in commercial properties as the application of economics to manage risk and enhance value. Triumph’s plan-based model starts by looking at the relative strengths of the property and the economic conditions it is competing, so as to develop a competitive advantage in the marketplace. Like markets, the model is dynamic and reactive in order to maximize the potential for investment returns.
The function of commercial real estate is to provide space or facilities for commerce. Economic factors such as interest rates, unemployment, productivity, inflation, taxes, international trade and regulation affect real estate both directly and indirectly. We endeavor to be students of economics and business in order to fully understand the array of influences on real estate. Investing in real estate is often considered to be investing in the consumer product of business space, however unlike investing in the stock of a single company that manufactures a product or sells a service with reasonably predictable growth, investing in real estate involves many industries and therefore relative unpredictability. Managing that unpredictability, and finding all opportunities within every single investment requires time, resources, experience, and savvy.
Just like business, real estate markets are cyclical. This is a time tested and unavoidable reality, and it is an opportunity. Real estate is a fundamentally sound investment, in that it will never be completely without value. However the value it has will change over time, and not always in a positive direction. When and how real estate is bought and sold becomes a key factor to whether or not value is enhanced, so to that end, Triumph spends a great deal of time on the task of recognizing the cycles and their turning points. We also understand that it is important to be aware that when the trends are pointing in one direction, it may very well be prudent to go in the other. That is why it is imperative to translate economic news into real estate terms, especially at the local level.
There are important distinctions to be made between simply investing money and managing it, and between owning property and operating it. Investing and owning can be passive activities, while managing money and operating property entails a role as the steward of assets, fully engaged in the detail required to make each and every property better today than it was yesterday. We believe the latter is required in order to minimize risk and maximize returns.
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Triumph Real Estate Corporation selectively offers full-service property management for retail, office, industrial, and multi-family properties. With decades of experience in development, management, construction, and leasing, Triumph is able to consistently exceed owner expectations.
The traditional approach to property management is entirely custodial. At Triumph, we take a different approach–a more thorough and thoughtful approach. Our deep experience as owners gives us unique insight into the full spectrum of delivering investment yield, from risk analysis and financial market expertise all the way through the study and application of economic foresight to property realities. From that, we can be fully committed to being the best possible stewards of our client’s assets, treating each property and every penny as our own. We are on a never-ending quest to find and enhance the value of commercial properties, and our proprietary CRE Value Extraction System™ of execution is designed to deliver that value. Most importantly, this ethos is not just lip-service… it is in our blood; it defines our everyday thoughts and actions for the benefit of our clients.
~Paul Ruff, President and Founder
Successful management begins with the Transition Phase. This phase is central to the development and implementation of a meaningful Management Plan. Triumph uses a multi-discipline approach to tackle new management projects. We insert a team of experts in accounting, law, finance, construction, public relations, and administrative and operations management. This team examines every nook and cranny, leaving no stone unturned. We quickly identify areas of hidden costs and revenue opportunity. The team then develops a Management Improvement and Operating Plan consistent with our client’s short and long range objectives. This Plan, which is the subject of constant review, analysis, and adjustment, establishes the basis for the physical, financial, and administrative management of the real property and creates the opportunity to enhance the value of the asset over the long term. Triumph’s Total Management Service encompasses Physical, Administrative and Financial Management.
