Property Management
The Property Management team is responsible for the day-to-day operations on-site at each of the properties. Their activities include property repairs and improvements, enhancing tenant relationships, and achieving greater efficiency and economies of scale.
Where it makes economic and business sense, Wells is now actively expanding its property management function. We recently have opened property management offices in New Jersey, San Francisco, and Houston, and are currently bringing Boston and Baltimore online. Since consolidating property management services in the Minneapolis, Atlanta, and Washington, D.C. markets, we achieved an 11% drop in annual building operating costs within each market. We will continue to evaluate each property to determine whether internal or external management will best serve our investors' and tenants' interests.
Scott Meadows Leads the Property Management team.
Scott Meadows directs property management, leasing, and construction teams that are responsible for the operation of Wells' real estate investments. Since joining Wells Real Estate Funds in 1996, Scott has helped company real estate assets grow from $150 million to more than $5 billion. During more than 20 years in real estate, Scott has served as senior property manager for The Griffin Company of Atlanta, where he managed office properties for both institutional and private investors. He also was property manager and leasing agent for Sea Pines Plantation Company, an exclusive resort development located in Hilton Head, S.C. Scott is a Georgia real estate broker, Certified Commercial Investment Member (CCIM), and holds the Real Property Administrator (RPA) designation of the National Association of Building Owners and Managers International, and the Certified Property Manager (CPM) designation from the Institute of Real Estate Management. He also is a member of the National Association of Industrial and Office Properties (NAIOP), Institute of Real Estate Management (IREM), and the National Association of Building Owners and Managers International (BOMA).
