GM Properties has provided Net Leased Management services on behalf of a private real estate investor since 2021. When the owner approached GM Properties, they had decided to sell a management-intensive 100k sf multi-tenant office/industrial property in Orange County, CA and do a 1030 exchange. The GM Properties team then helped the owner purchase a portfolio of three single-tenant triple net leased investments out of state. This included an 1,800 sf Taco Bell in Altus, Oklahoma; a 1,500 sf Starbucks in Fort Worth, Texas; and a 3,500 sf Denny’s in Temple, Texas. Once acquired, the properties’ lease conditions mandated intensive requirements that the owner could not solely fulfill — the Starbucks, for example, needed a team to oversee roof repairs. So, GM Properties was brought on board to provide on-going Net Leased Management services for the owner’s out-of-state portfolio as well as Property Management of three Southern California properties, encompassing over 75k sf, located in Beverly Hills and Irvine. The net leased services include rent, CAM, and reimbursement collection, CAM reconciliation, lease abstraction and compliance, financial reporting, monthly income distribution, owner/partnership cash distribution management, annual operating budget, loan obligation tracking, tax filing preparation, insurance compliance, landlord maintenance responsibilities, owner association compliance, site visits, and drone inspections.