Sierra Properties, Inc.

Asset Management

Sierra Properties currently manages approximately two million square feet of Colorado Springs Class A properties for institutional investors. Our goal for each building owner is consistent: provide the highest, most comprehensive level of service possible to maximize property value and help them achieve their investment objectives.

Sierra Properties offers a full cadre of traditional property management services, including accounting, maintenance and architectural design and construction. We place a high value on tenant relations. Direct, daily contact with building tenants is critical to our successful track record in retaining quality tenants. Depending upon your specific needs, we are prepared to offer on-site management services or consistent communication through our team of management professionals.

Property Management and Maintenance

Sierra Properties, Inc. maintains a skilled and responsive property management services team responsible for coordinating all aspects of building operations. Vendor contracting and reporting to owners is accomplished through our on-staff professionals. When necessary, on-site management personnel are in place to provide immediate, ongoing attention to owner and tenant needs.

Direct, daily contact is essential to building and maintaining relationships that result in retention of quality tenants. Our maintenance, management, leasing and architectural services staff are responsive to day-to-day needs as well as proactive upkeep that results in operational cost savings. A skilled staff of plumbers, electricians and HVAC experts is prepared to address most maintenance and repair needs without outsourcing to more expensive third-party contractors.

Accounting Services

Sierra Properties features a full-time accounting staff that is dedicated to protecting your financial interests and providing consistent, accurate reporting of income and expenses. Our accountants work closely with building owners as well as their financial entities to coordinate all facets of the accounting picture. These activities include managing accounts payable, accounts receivable, invoicing, rent and operating expense collection, annual expense billing and collections and monthly reports to owners. Our personalized service extends to customized financial reporting that aligns with owners’ individual needs.

Detailed annual budgets are prepared to project income and expenses as well as capital budgets to provide owners with accurate estimates of future investment performance. Each budget represents a cohesive effort that involves Sierra’s management, leasing and accounting staffs.

Architectural Design and Construction Management

Sierra Properties, Inc. provides supervisory services for all tenant finish work in the properties we manage. We coordinate the architect and general contractor; review, negotiate and approve all bids and schedules; supervise physical construction; pay all invoices and collect lien waivers on all payments made; and conduct the final walk-throughs of the tenant finish including punch list items.

Over the past 20 years, Sierra has completed over $150 million in construction management/tenant finish work in the Pikes Peak Region. Some of our most visible projects include:

Equitable Life
170,000 sq.ft. office building
$11 million project

California Casualty
120,000 sq.ft. office building
$12.5 million project

Gerken-Taxman
146,000 sq.ft. office building
$13 million project

Harmony Corporate Center
66,000 sq. ft. expansion
$8 million project

Tenant Support Services

Attracting and retaining quality tenants is at the heart of successful asset management.

Owners seeking to market space in their properties often partner with Sierra Commercial Real Estate Services, Inc., the commercial brokerage arm of Sierra Properties, to identify and place outstanding local and national tenants. Sierra Properties also provides management services to owners whose buildings are represented by other brokerage firms.

In all instances, Sierra Properties applies the same high standards in its approach to tenant support services. Consistent communication, responsiveness to repairs and maintenance, and a proactive attitude in addressing issues that produce long-term value are hallmarks of Sierra Properties.