ABOUT US

Perry Reid Properties defines itself and its objectives through a most successful history. Six months after Perry Reid was incorporated in 2001, it reached 95% occupancy in all stabilized managed properties. Perry Reid has continued to maintain no less than 94% property wide occupancy, a benchmark when compared with other management firms. High occupancy is achieved through the experienced and dedicated people we hire, and the training they receive. We enhance our operation with the hands-on management style we embrace and the spirited atmosphere we generate.

Perry Reid has successfully maintained high occupancy and high profits to its clients. In addition, our company has successfully completed no fewer than eight new properties lease-ups and it successfully took five properties from a near six digit loss to a break even status in one year of management.

Perry Reid Properties provides services offered by few others in the property management field. Perry Reid is involved from initial lease-up through stabilization and on. Taking a property through its final stages of construction, dealing with punch lists, warranty issues and meeting leasing goals is not for every property management firm.

Our Strategy

The team management strategy that Perry Reid employs is enhanced through our internal and external emphasis on communication and attention to detail.

Our on-site managers are experts at leasing, resident retention, and the focused management of their property.

Our home office staff supports each property manager, oversees financial operations, develops and implements management policies and ensures that all of our investors and owners receive accurate, timely reports.

We successfully manage multi-family and mixed-use properties through good communications, excellent staff training, exceptional staff support, thoroughly effective incentive programs and an outstanding positive attitude toward our employees, residents and clients.

Why Hire Us
  • We can increase your NOI through expense reductions and creating additional revenue.
  • We can mobilize immediately with our trained staff of professionals
  • Perry Reid takes a personal interest in every property we manage
  • We offer a thorough evaluation of the financial and physical condition of your property or a property you are considering for purchase.
  • We handle a vast array of properties ranging from Class "A" to Section 42 LIHTC
  • We excel at handling distressed asset management
  • Our success is based on using best practices in multifamily property management in all areas from site management to accounting, to leasing, to reporting, etc.
  • We are flexible -
    • We provide excellent 3rd party management
    • We will partner with development entities
    • We function as replacement general partners
    • We can function as a receiver

What is Perry Reid Properties?

We are a multi-regional multifamily property management and development entity.

Who is Perry Reid Properties?

We are a highly trained and motivated team consisting of a property management division, an accounting division and a tax-credit compliance division. We also have specialists in completing due diligence and underwriting existing properties, financing new and existing properties, completing qualified contract for tax-credit properties and most other aspects of the multifamily management profession.

Where is Perry Reid Properties?

Perry Reid Properties corporate headquarters is in Lincoln, Nebraska with satellite offices in Davenport, Iowa; San Antonio, Texas; Nashville, Tennessee and Wichita, Kansas. We currently manage over 70 properties encompassing more than 5,000 residential units in nine states.

When did Perry Reid Properties begin managing multifamily properties?

We began in the early 1980's managing all types of commercial properties including multifamily. In 1996 we elected to concentrate on only multifamily.

Why does Perry Reid Properties want my 3rd party management business?

We are looking for a few good partners who have multifamily properties they want to perform at a higher level or a more consistent level. In turn as a company we want to grow - but just a little. We do a great job but want to stay at a manageable size to maintain our high level of performance that our clients expect.

What else does Perry Reid Properties do?

With partners we have developed multifamily properties ranging from highly functioning class "A" communities to tax-credit developments. We have also become adept in replacing existing General Partners and acquiring distressed properties.

Tax-Credit Qualified Contracts?

Yes - we are experts in completing qualified contracts for managed properties or as a consultant.

I'm developing a new multifamily complex - what can you do for me?

We have taken no fewer than 20 properties from the beginning of construction through full occupancy and conversion from construction financing to a permanent first mortgage. We have the knowledge and experience to participate at all levels of ground up development and management.

I'm a tax credit investor and my original general partner has made a mess of my investment - what can you do for me?

We can help you in many ways - from replacing your current general partner and/or your management company to reviewing your situation and providing recommendations.

Why should I hire Perry Reid Properties?

  • To increase your NOI
  • To stabilize your NOI
  • To have a management company that takes a personal interest in your property and its performance
  • To take a good property and make it better or put a distressed property back into profitable condition
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