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Journal of Property Management
The Institute of Real Estate Management (IREM) has published an article written by Lori Burger, CPM, Senior Vice President on the topic of implementing software solutions. The article, Platform Reform was a feature article in the May/June 2008 issue of the Journal of Property Management. Click here to download article.
EBMC’S SANTA ANA DISTRICT OFFICE MOVES TO IRVINEEugene Burger Management Corporation, successfully managing properties of all types in this market since 1968, is moving their Santa Ana office just a few miles away to 6 Venture, Suite 210, in Irvine, near the Irvine Spectrum.
The new, larger offices provide more convenience for clients, located less than a mile from the 5 and 405 freeways, the opportunity to serve customers with state-of-the-art communications technology, easier to find offices, ample free parking, and helps us exceed expectations. Our goal with moving is to have visitors feel even more welcome, get an immediate sense of who we are, and what value we place on successful Property Management.
Eugene Burger Management Corporation’s Irvine office will continue to successfully manage properties in California, Arizona, and Colorado. We are also adding the management of the Hunt Family Enterprises apartment building at 377 West Wilson in Costa Mesa to our portfolio this month.
Other major companies located near our new offices are Taco Bell, Fluor, FDIC, and UBS, who all relocated or expanded in Irvine Spectrum this year.
EBMC Shares Best Business Practices with the 2008 Japan Property Management Study Group – July 22, 2008
This is the fifth year that EBMC has had the distinct pleasure of sharing business practices with Japanese property management professionals. Over the years property management firms from all over Japan have contacted EBMC to request the opportunity to discuss best-business practices with our staff. This year we had the privilege of meeting with the 2008 Japan Property Management Study Group which included:
Masataka Mori - Kinsan Shoji Company, Ltd.
Satoshi Saegusa - Sankei Building Maintenance Company, Ltd.
Hirotaka Murakami -Tokyo Biso Kogyo Corporation
Tetsuya Murakami - Nikoh Sangyo Company, Ltd
Atsushi Itasaka - First Facilities Company, Ltd.
Soei Uchida - First Facilities Company, Ltd.
Takeshi Demura - Shohei Institute of Real Estate, Inc.
Matastoshi Nezumiya - M’s International Company, Ltd.
General topics of discussion included EBMC’s organizational structure, staffing, owner-investor relations, green building initiatives, property management operations and maintenance, Yardi implementation, technology, the Top 10 aspects of residential property management and due diligence to performed when acquiring real estate assets in the U.S.
The 2008 Japan Study Group was accompanied by an interpreter. Suzette Beck, Stephen and Lori Burger lead the discussions on behalf of EBMC. Our guests also visited other U.S. companies in
Seattle, Washington and
San Francisco, California.
Nicholas Baker & Mary Baker
Twenty-Seven Years of Dedication
EBMC is Very Proud.Nicholas (Bill) Baker, CPM – District Manager of EBMC’s Santa Ana office announced his retirement from EBMC effective January 31, 2008. Bill joined EBMC on May 20, 1980, as an onsite Residential Manager at the Palmdalia Apartments and on October 21, 1985, was promoted to District Manager overseeing EBMC’s Santa Ana operations and has continued to serve EBMC in this position for twenty-two years.
Mr. Baker was appointed as Vice President of Eugene Burger Management Corporation on October 21, 1990, and has used his talents and expertise throughout the years to enhance EBMC’s operations. Mr. Baker pursued higher education and obtained the prestigious Certified Property Manager (CPM) designation from the Institute of Real Estate Management (Key # 11885) and California Salesperson license.
Mr. Baker’s wife, Safronia (Mary) Baker also began working at EBMC on May 20, 1980. Ms. Baker began her career with EBMC as a bookkeeper at Palmdalia Apartments and within a few years was promoted to Resident Manager. On July 27, 1981, she relocated to Canyon Apartments an Officer Administrator and was soon after promoted to Resident Manager. Ms. Baker remained at Canyon Apartments until 1992 and then transferred to Cascade Terrace as Resident Manager where she works today.
EBMC is proud to have had both of these talented employees as a member of the EBMC family. All of us at EBMC will sorely miss their hard work and dedication. Bill was instrumental in assuring that EBMC’s Southern California gave Northern California a difficult challenge in a fight for the EBMC coveted baseball trophy. All of Bill and Mary’s staff wish them the very best in their new journey together. Congratulations, a job well done.
Mary Baker (left) Shirley Burger (right)
Nicholas (Bill) Baker
EBMC Welcomes Calera Investment Group, LLC and Marin Gardens Apartments On February 1, 2008, EBMC signed an agreement with new client, Calera Investment Group, LLC, for the management of one of their newest properties, located in Corte Madera, California - Marin Gardens Apartments which closed escrow on August 28, 2007. The property is nestled in a scenic valley and conveniently located to Highway 101. Offers lovely renovated units and gorgeous views of the Marin County hillsides. Only minutes from San Francisco, the property is a unique find for San Francisco commuters.
Since the acquisition, Calera Investment Group, LLC, began an intense renovation of the property to give the property greater market appeal. Improvements include replacement of carpeting and kitchen and bath flooring surfaces, installation of granite counters, new appliances and fixtures and modernized bathrooms. On the exterior, a complete renovation of the landscaping, expansion of the pool deck to include new furniture and the addition of a barbecue area, new monument sign, exterior painting and facade repair, asphalt and concrete repairs and restriping and misc. roofing repairs.
Bill Miller, Executive Vice President, Lori Burger, Senior Vice President and Suzette Beck - EBMC's Northern California Residential Division Manager negotiated the agreement with Calera Investment Group's President, Jerry Binkley. Assisting in the negotiations for Calera Investment Group, LLC were Jonathan Snow, Director of Acquisitions and Frank Maiorana of the Silicon Valley Law Group.
Calera Investment Group (CIG) is a multifamily investment company formed in 2007 by Jerry Binkley and Chaille James, its operating principals. The Santa Clara, California based enterprise acquires multifamily properties using a unique value-add investment strategy in target urban and suburban markets. Typical properties are small to mid-sized projects that are "B" and "C" quality.
Through implementation of CIG's customized renovation plan, typical investments can achieve 30%+ NOI growth over a three year period and deliver third party investors a 15%-18% IRR. The principals have successfully implemented the program at 30 properties in California over the past 5 years. CIG expects to acquire $125 million of properties in selected West Coast markets during its first twelve months of operation, and thereafter expand into other markets where similar investment dynamics exist.
Trudy Morrison, CCAM® Promoted to District Manager to Manage EBMC’s New Novato, CA Office
On October 1, 2007, EBMC acquired the accounts of Excel Management Associates, a Novato, California based property management firm. The portfolio consisted of eleven (11) common interest development accounts. EBMC has promoted Ms. Trudy Morrison, CCAM®, to the position of District Manager of the new branch office located at 1701 Novato Boulevard, Suite # 302, Novato, California. The office will provide consulting and management services to homeowners’ association, multifamily residential, single-family, commercial properties. Trudy joined Eugene Burger Management Corporation (EBMC) in 2002.Property Manager’s Joe Dorsey, Ted Donaldson, CCAM®, Ingrid Groshel and Stephanie Kerbs have relocated from EBMC’s Rohnert Park and Larkspur offices to join Ms. Morrison. The remainder of the Larkspur staff have also relocated to this location.
Marin County has always been a solid market for EBMC’s services and the new Novato office will better support its clients and enhance its operations.
Meikai University and Osaka City University Study Tour Visits EBMC from Japan
September 13, 2007, EBMC hosted the Meikai University and Osaka City University on a tour of selected cities in the United States. Representatives included Yasuhiko Nakajou - Dean of Student Affairs,Hiroko Saito - Professor of Estate Science of Meikai University, Satoko Toda - Graduate School of Human Life Science Osaka City University and others. EBMC Executives met with the Study Group to discuss U.S. Residential Markets including Apartment and Condominium Property Management Operations. This is the fourth Opportunity that EBMC has had to network with Japanese Property Management Organizations.
EBMC starts off the new year in Auburn, California.
January 1, 2007, EBMC establishes its presence in historic Auburn, California. EBMC’s office is located at 11641 Blocker Drive in breathtakingly beautiful Creekside business development. Creekside is a brand new Class A premier business development which is leased and managed by Karen J. Brigg, Senior Vice President of EBMC. The business development boasts a state of the art and an incredibly gorgeous conference room that can seat 70 persons, two buildings and 44,000 feet of office space.
EBMC has maintained a successful management presence in both Sacramento, California and in Reno, Nevada and when Karen Brigg presented the opportunity for EBMC to consider opening a management office in the Creekside business development, after reviewing the economic development of the Auburn area and what the developers had planned , EBMC knew it likely be another successful market opportunity and established its presence.
Japan Property Management Association (JPMA) Visits EBMC on U.S. Study Tour
November 14, 2006, EBMC hosted the Japan Property Management Association (JPMA) at the EBMC Headquarters office in Rohnert Park, California. JPMA is a leading Property Management Organization in Japan. Makoto Honjo, was the JPMA 2006 Chairperson.
Additionally, we had as our guest and very good friend, Mr. Noriaki (George) Shiomi, CPM®, IREM Japan’s 2006 President. The JPMA study group included fourteen (14) men and women. JPMA representatives met with EBMC Executives to discuss the U.S. Residential Market in Major US cities, Property Management Market and Property Management Operations, Resources, Asset Management, Planning and Reporting, Profit Margins & Methods of Securing Profit and Future Development and basic functions of the U.S. Property Management Firm.
