WHAT WE DO
Asset Management
Our principals have over a century of combined expertise in overseeing diverse property types, spanning from garden-style to high-rise developments, encompassing conventional market-rate properties, affordable housing and active adult residences. Carleton Companies delivers comprehensive services, ranging from initial design and lease-up to eventual sale or refinancing. We excel across the spectrum of asset management.
- Lease-up
- Stabilization
- Budgeting
- Rent growth
- Value enhancement
- Reporting
- Repositioning
- Compliance
Lease-up and Stabilization
Safety
Partnership
Integrity
Commitment
Excellence
Our Asset Management team maintains close collaboration with on-site management from the project’s inception. Through regular site visits and leasing conferences, we monitor property advancement, offering marketing and leasing support to achieve occupancy targets.
Continuing our engagement, Carleton conducts thorough analyses of operational and financial performance with monthly reviews of revenue and expenses. Additionally, we facilitate annual budgeting and provide comprehensive risk management counsel, including assistance with property tax and insurance matters.
During the property stabilization phase, we leverage the expertise of our investment arm, Salt River Capital, to optimize cash flow performance. Our strategic guidance ensures property owners are positioned for success with an optimal exit strategy in place.
Repositioning and
Value Enhancement
Carleton understands the critical importance of strict accounting, reporting, and compliance demanded by clients, investors, and regulatory authorities for tax credits and balance sheets. Our focus on compliance extends to both market-rate properties and the complex Low Income Housing Tax Credit (LIHTC) units.
- Covenant Monitoring: We monitor and report compliance with covenants set by lenders, investors and equity providers.
- Strong Partnerships: We maintain strong relationships with top national lenders and equity syndicators, including Wells Fargo, Bank of America, Chase and the National Equity Fund (NEF).
- Regular Inspections: We conduct regular property inspections to ensure physical compliance, partnering with Carleton Construction for seamless solutions.
- Insurance and Tax Compliance: We track compliance with insurance and tax requirements through annual audits and facilitate connections to local and national insurance and accounting as well as consultants.
Affordable Housing
Specializing in affordable housing programs, Carleton is adept in LIHTC transactions and has a proven track record with program syndicators such as:
- Housing and Urban Development (HUD)
- Texas Department of Housing and Community Affairs (TDHCA)
- Federal Housing Administration (FHA)
- Federal National Mortgage Association (FNMA, or Fannie Mae)
- Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac)
