April 15, 2011 (Fort Lauderdale, FL) - James Goldstein, President of Midgard Group, recently announced that Midgard Management was able to increase their third party management portfolio by 51% over the last three years - during the worst recession our country has endured. This resulted in an increase of 42% in fee income. At the same time, Midgard Group significantly increased their owned portfolio with the acquisition of the historical One Flagler building in Miami and the re-positioning of Crown Center.
Lynn-Ann Ierna, Director of Property Management, said "There is not a lot of room for error when budgets are tight. Our growth can be attributed to owners realizing the value of professional management."
Midgard Management maintained a diverse portfolio of office, industrial, and medical buildings. Bank of America Pompano, JFK Medical Center, Tremont Professional Plaza and Bristol Distribution Center were a few of the assignments.
Mr. Goldstein said that the outlook for 2011-2012 is cautiously optimistic as there is still a strong need for the voice of experience when managing assets.
About Midgard Management
Midgard Management, Inc. is one of South Florida's premier commercial property management companies with over 1.5 million square feet under management. Midgard Management has built its business on referrals from satisfied clients since 1998. Managed properties include office buildings, retail centers, industrial buildings, and commercial condominium associations.
Midgard Management focuses on long-term appreciation rather than short-term gain by consistently delivering high levels of services, including an element of style to each property, and responding immediately to owners' and tenants' concerns.
Lynn-Ann Ierna, CAM
Director of Property Management
954-771-6714 Extension 225