The Gulf Pacific Group is a multi-dimensional company whose primary focus is in property and asset management, brokering real estate acquisitions and sales, and to a lesser extent, the syndication and development of commercial real estate.
The provision of contract property & asset management services has been the cornerstone of the Gulf Pacific Group since the early 1960's and will continue to be so for the foreseeable future. Gulf Pacific Property Management Ltd. (Gulf Pacific Group) focuses these management services to retail, office, industrial and multi-family (rental) developments, preferring to specialize in what it does best for the benefit of the property owner and their tenants.
Through a combination of experienced head office personnel, licensed Property Managers, sound management practices, dedicated on-site managers and a first-class management information system, our portfolio properties receive stewardship that is equal to that provided by the best in the property management industry. As a result of Gulf Pacific's "hands on" management style our properties generally experience operating costs which are lower than the industry average, which benefits both the owners/investors and tenants.
The completeness of Gulf Pacific's services to its investor clients is evidenced by the extensive amount of asset management work undertaken by us on their behalf. To many, it is difficult to differentiate between property management and asset management. Property management is the more straightforward, day-to-day management of a property that is essential to ensure the successful and profitable operation of same. While the nature of the services provided by the property manager can vary widely, these usually include physical and site maintenance, lease administration, on-site management, collection of rents, payment of operating expenses and of course the formal reporting of same to the owner. Asset management goes beyond the property management functions. These activities can include leasing, property tax assessment appeals, arranging financing and re-financing and project management for expansion; major renovations; tenant improvement co-ordination; redevelopment, rezoning and due diligence on the acquisition of new investment properties. The experienced Gulf Pacific management staff enables the company to effectively combine both the property management and asset management functions to provide a "carefree" investment to the owner/our client.
The Gulf Pacific Developments subsidiary co-ordinates a broad range of development activities undertaken by the Gulf Pacific Group ranging from simple tenant improvements to the expansion and total design/construction of retail, commercial, and industrial projects. We undertake a development project by way of utilizing a core of professional consultants and contractors generally with whom we have successfully worked with on previous projects. This approach provides the flexibility and variety essential for the diverse locations of the managed properties and most importantly, ensures cost effective design/construction to the benefit of the investor clients. As part of the project co-ordination, Gulf Pacific provides monthly accounting reports/schedules showing the cost of construction and cost to complete that are highly endorsed by lenders. The reports are of a standard that facilitate prompt payment of progress draws.
The company is most comfortable with management, investment, syndication and development of commercial and retail projects located in smaller towns/cities. This management and investment philosophy has served the company well in the past and, can be expected to do so in the future. While many may consider investments in smaller towns/cities as unappealing and perhaps difficult to manage, Gulf Pacific has identified and developed a market niche in such areas.