According to Todd Mikles, CEO, Daymark’s leadership team is implementing an aggressive business plan to focus on stabilizing and recapitalizing Daymark properties, allowing them to survive in this challenging economic market. In the process, the company has bolstered investor communications with more information, transparency and timeliness than ever experienced under Daymark’s previous ownership.
“The Daymark portfolio is unique in the fact that it is comprised almost entirely of Tenant In Common (TIC) owned assets,” says Mikles. “So we’ve opened our doors and have invited our multiple investors to meet with us face-to-face at our corporate headquarters in Santa Ana.”
Through events like “Lunch and Learn” sessions, property focused co-owner meetings and on-site property tours, investors have the opportunity to meet with the new Daymark principals, senior portfolio managers, asset managers and structured finance team to discuss portfolio strategies for the future.
“Despite the obstacles we’re facing with current market conditions, we’ve been able to make significant progress in a short period of time,” says Mikles. “So we feel that it’s important to be more interactive with our investors by sharing this type of information verbally rather than solely in written correspondence.”
Daymark’s new property focused co-owner meetings have been extremely well received by the investor groups as the discussions address specific property issues and strategies geared toward that asset, its current obstacles and how Daymark plans to navigate the road ahead. Investors unable to attend are able to dial-in, listen and provide their input as if they were present at the meeting.
About Daymark Realty Advisors, Inc.
Daymark Realty Advisors, Inc. is one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate. Daymark provides a fully integrated platform of services that focuses on maximizing property value and performance, and offers proven expertise in the repositioning of distressed assets, debt restructuring and property recapitalizations. From six offices throughout the country, Daymark manages a nationwide portfolio of commercial real estate properties totaling approximately 33.3 million square feet, including more than 8,700 multifamily units, valued at $4.9 billion based on purchase price. For more information, visit www.DaymarkRealtyAdvisors.com or contact Jennifer Cho at (714) 975-2367.
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Daymark Realty Advisors, Inc. is one of the country’s leading providers of strategic asset management and structured finance services to private and institutional owners of commercial real estate.