Institutional-grade asset management for real estate investors who demand more
Your multifamily portfolio represents millions in invested capital. Yet too many real estate investors struggle with asset managers who provide generic reports, reactive strategies, and minimal transparency into day-to-day operations.
The result? Underperforming assets, missed value-add opportunities, and returns that fall short of proforma projections.
Consolidated Real Estate Strategies (CRES) delivers a different approach to asset management for real estate investors. With over 40 years of combined institutional multifamily experience and 250+ successfully repositioned assets, we provide the hands-on partnership and maximum transparency that sophisticated investors require.
We don’t just manage your properties. We actively optimize them.
Schedule a portfolio reviewA true partner, not a distant administrator
Traditional asset management often fails because of misaligned incentives, insufficient communication, and cookie-cutter strategies that ignore each property’s unique positioning.
Our founders, Brendan Van Deventer and Tony Ferrell, built CRES on a fundamental belief: real estate investors deserve asset managers who act as true partners, not distant administrators.
- 10,000+ units currently under management across the United States
- 250+ assets successfully repositioned and optimized
- 40+ years of combined institutional multifamily experience
- Proven results across diverse market conditions and asset classes
What sets our approach apart
Maximum transparency
Real-time access to property performance data, detailed monthly reporting, and open communication channels. You will never wonder what is happening with your assets.
Hands-on partnership
We are not passive administrators. Our team actively identifies opportunities, solves problems proactively, and treats your portfolio as if it were our own.
Institutional experience, entrepreneurial approach
Our leadership team brings expertise from Lincoln Avenue Capital, The Bascom Group, Spirit Investment Partners, and JPMorgan Chase, paired with the agility and responsiveness of a dedicated partner.
Alignment of interests
Our success is directly tied to your returns. We focus on strategies that create sustainable, long-term value rather than short-term metrics that look good on paper.
Full-scope asset management
Strategic asset positioning and planning
Every high-performing asset starts with a clear strategy. We develop customized asset business plans that align with your investment thesis, market positioning, and return objectives.
Our strategic planning process includes:
- Market analysis and competitive positioning. Understanding your asset’s place in the submarket and identifying differentiation opportunities.
- Revenue optimization strategies. Rental rate analysis, concession strategies, and amenity monetization.
- Capital improvement planning. Prioritizing renovations that deliver the highest ROI.
- Exit strategy development. Positioning assets for maximum value at disposition.
We do not believe in one-size-fits-all approaches. Each property receives a tailored strategy based on its unique characteristics, market dynamics, and your specific investment goals.
Financial management and reporting
Financial clarity is non-negotiable for institutional real estate investors. Our financial management services provide the detailed insights you need to make informed decisions.
- Comprehensive monthly reporting with variance analysis and performance commentary
- Annual budget development and oversight with quarterly reforecasting
- Cash flow management and distribution recommendations
- Capital expenditure tracking and approval processes
- Real-time financial dashboards, available 24/7
Our financial reporting goes beyond basic spreadsheets. You will understand not just what happened, but why it happened and what we are doing about it.
Property management oversight and accountability
Your property management company handles day-to-day operations, but who is managing the property manager?
As your multifamily asset management company, we serve as the critical oversight layer that ensures your property management team delivers results.
- Regular property inspections and detailed site visit reports
- Performance benchmarking against comparable properties
- Leasing strategy oversight and pricing recommendations
- Maintenance and turnover quality control
- Property management RFPs and bid analysis when needed
We maintain productive relationships with property management teams while holding them accountable to your performance standards.
Value-add execution and capital project management
Successful repositioning requires more than a renovation budget. It demands expertise in sequencing, vendor management, and resident retention during construction.
- Scope development and bid solicitation
- Contractor selection and negotiation
- Construction oversight and quality assurance
- Budget tracking and change order management
- Unit renovation pacing to optimize occupancy and revenue
With 250+ repositioned assets in our track record, we have refined a proven process that minimizes disruption while maximizing returns.
Vendor management and cost control
Every dollar saved on expenses flows directly to your bottom line. Our vendor management approach combines competitive bidding, relationship development, and performance accountability.
- Contract negotiation for all major services such as landscaping, pest control, and HVAC
- Insurance program analysis and broker management
- Utility expense monitoring and conservation initiatives
- Emergency response coordination
- Regular vendor performance reviews
We leverage our portfolio scale to negotiate favorable terms while maintaining quality standards that protect asset value.
Investor relations and communication
Silence creates anxiety. Sophisticated investors expect, and deserve, proactive communication about their assets.
- Monthly performance reports with executive summaries
- Quarterly business reviews via conference call or in-person meetings
- Annual strategic planning sessions
- Immediate notification of material issues or opportunities
- Ad hoc updates on market conditions or property-specific developments
You will never be left wondering about the status of your investments.
What to expect, from kickoff through exit
Engagement and kickoff
Every engagement opens with the foundations in place so the team can move quickly.
- Formal engagement agreement and onboarding documentation
- Introduction to your dedicated asset management team
- Initial property walkthrough and stakeholder meetings
- Access credentials established for financial systems and property management platforms
Phase 1: Asset onboarding and analysis
We begin with comprehensive due diligence to understand your asset’s current state and opportunity areas.
Key activities:
- Detailed property inspections and physical condition assessment
- Financial records review and rent roll analysis
- Property management evaluation and process documentation
- Market study and competitive analysis
- Stakeholder interviews with the PM team, vendors, and key staff
- Preliminary findings presentation with your team
Deliverable: Comprehensive Asset Assessment Report with 90-day action plan
Phase 2: Strategy development and implementation
With deep asset knowledge established, we develop and execute a detailed business plan aligned with your objectives.
Key activities:
- Finalize annual budget with detailed assumptions
- Implement financial reporting systems and dashboards
- Establish vendor contracts and service agreements
- Develop capital improvement timeline and specifications
- Create marketing and leasing strategies
Deliverable: 12-month asset business plan with quarterly milestones
Phase 3: Active management and optimization
This is where average asset managers fall short, and where we excel. We continuously monitor performance, identify opportunities, and make proactive adjustments.
Key activities:
- Weekly performance monitoring and analysis
- Monthly property inspections and PM meetings
- Quarterly budget reforecasting and variance analysis
- Ongoing vendor performance management
- Capital project oversight and quality control
- Market intelligence gathering and competitive analysis
Deliverable: Monthly performance reports with commentary and action items
Phase 4: Value maximization and exit preparation
When it is time to exit, we ensure your asset is positioned for maximum value realization.
Key activities:
- Pre-sale property improvements and deferred maintenance resolution
- Financial package preparation for prospective buyers
- Broker selection and marketing strategy development
- Due diligence coordination and management
- Transition planning and documentation
Deliverable: Sale-ready asset with comprehensive marketing materials
Transparent communication
- Immediate notification of material issues
- Rapid response to your questions and requests
- Proactive market intelligence sharing
- Annual in-person strategic planning sessions
Ideal clients for our asset management services
Institutional investors and fund managers
You are managing multifamily portfolios for pension funds, endowments, or high-net-worth clients. You need institutional multifamily asset management that provides audit-ready reporting, fiduciary-level oversight, and consistent communication.
How we help
Systematic processes, detailed documentation, and institutional-grade reporting that satisfies your compliance and governance requirements.
Private equity real estate firms
You are acquiring value-add and opportunistic multifamily assets with aggressive business plans. You need asset managers who can execute complex repositioning strategies while managing investor expectations.
How we help
Hands-on project management, realistic proformas, and transparent communication when plans need adjustment.
Family offices and high-net-worth investors
You have built substantial multifamily portfolios but lack the internal infrastructure for professional asset management. You want institutional expertise without building an in-house team.
How we help
Outsourced asset management that functions as your internal team, providing direct access to experienced professionals without overhead costs.
Real estate syndicators and fund sponsors
You are raising capital for multifamily investments and need experienced asset managers who enhance your credibility with investors while delivering strong returns.
How we help
Professional asset management that strengthens your value proposition to LPs and improves investment performance.
Property owners seeking to outsource asset management
You currently manage assets internally but recognize that specialized expertise could improve performance. You are evaluating asset management for real estate investors as an alternative to building additional internal capacity.
How we help
Flexible engagement structures that supplement your existing team or provide complete asset management services.
Built on the opposite principles
Most asset management relationships fail due to misaligned expectations and insufficient communication. We have built our firm on the opposite principles.
Maximum transparency
You will know everything we know. Our reporting provides complete visibility into:
- Financial performance, actual versus budget, with detailed variance explanations
- Operational metrics such as occupancy, lease rates, turnover, and maintenance costs
- Capital project status, including timeline, budget, and completion percentages
- Market conditions such as rent comps, concessions, and absorption rates
- Issues and opportunities, with our recommended action plans
No surprises. No sugarcoating. Just honest, detailed information that empowers your decision-making.
True partnership
We succeed when you succeed. This is not just a tagline. It is how we structure our relationships and make decisions.
- Accessibility. Direct access to senior leadership, not just junior analysts.
- Proactive communication. We reach out when issues emerge, not after they have escalated.
- Collaborative decision-making. Major decisions are made together, with full context and options presented.
- Long-term thinking. We prioritize strategies that build sustainable value over tactics that boost short-term metrics.
What our clients left behind
Before engaging with CRES, many of our clients struggled with asset managers who:
- Provided generic monthly reports that offered numbers without context or actionable insights. They received spreadsheets but no strategic guidance.
- Reacted to problems instead of preventing them. Issues escalated before being addressed, leading to higher costs and missed opportunities.
- Maintained arm’s-length relationships with minimal communication between monthly reports. Questions went unanswered for days or weeks.
- Applied cookie-cutter strategies that ignored each property’s unique market position and competitive advantages.
- Failed to hold property management teams accountable, accepting subpar performance as the best they could do.
The financial impact of poor asset management
Inadequate asset management erodes returns through:
- Missed rent growth opportunities
- Excessive operating expenses
- Inefficient capital deployment
- Higher-than-necessary turnover costs
- Deferred maintenance that becomes major capital expenditures
These losses compound over the hold period. Professional asset management is not an expense. It is an investment with measurable returns.
Experience that delivers results
Brendan Van Deventer
Brendan brings institutional multifamily expertise from leadership roles at Lincoln Avenue Capital, Spirit Investment Partners, and JPMorgan Chase. His experience spans acquisitions, asset management, and portfolio strategy across thousands of multifamily units.
Expertise
Institutional portfolio management, value-add execution, capital markets
Tony Ferrell
As a Senior Principal at The Bascom Group, Tony has extensive experience repositioning complex multifamily assets and managing high-performance teams. His hands-on approach ensures no detail is overlooked.
Expertise
Asset repositioning, operational optimization, property management oversight
Our collaborative approach
Unlike larger asset management firms where junior staff handle day-to-day responsibilities, our founders remain actively involved in every client relationship. You will have direct access to experienced professionals who have successfully managed assets like yours.
Answers for prospective partners
How is asset management different from property management?
- Property management handles day-to-day operations: leasing, maintenance, rent collection, and resident relations. Property managers execute the tactical work of running the property.
- Asset management provides strategic oversight and financial management. Asset managers develop business plans, approve budgets, oversee property managers, manage capital projects, and report to investors. We ensure the property management team executes your strategy effectively.
Think of it this way: property managers run the property. Asset managers run the business.
What size portfolios do you typically manage?
We work with real estate investors managing portfolios from single assets to extensive multi-state portfolios. Our typical client has:
- Individual assets: $10M+ value
- Portfolio clients: $50M+ in total multifamily assets
- Minimum engagement: we are selective about engagements to ensure we can deliver exceptional service. Contact us to discuss your specific situation.
How are your fees structured?
CRES charges a fixed monthly consulting fee per property, not a percentage of NOI. Fees scale with the number of properties under contract and with the asset type, market rate or mixed-income and affordable. Engagements run an initial 12-month term per property.
Onboarding
- One-time due diligence and onboarding fee. $5,000 for market-rate assets and $7,500 for mixed-income and affordable assets. This covers initial travel, database and reporting setup, HelloData AI setup, and general onboarding.
Monthly fee per property
- Four or fewer properties under contract. $3,500 to $7,500 per property per month for market rate, and $4,500 to $7,500 per property per month for mixed-income and affordable.
- More than four properties under contract. $3,000 to $6,000 per property per month for market rate, and $4,000 to $6,000 per property per month for mixed-income and affordable.
Additional terms
- Pre-approved travel and related expenses are reimbursed at cost.
- Select ad hoc services are billable as needed. Site visits beyond the four included each year are $500 per property per visit, plus expenses.
- Fees are billed monthly. The onboarding fee and first full month are due in advance before work begins. The fee structure is negotiable on renewal of the initial term.
Do you provide property management services, or only asset management?
We specialize exclusively in asset management for real estate investors. We do not provide property management services. We oversee property management companies to ensure they deliver optimal performance.
This specialization allows us to:
- Maintain objectivity in property manager evaluation
- Focus entirely on strategic oversight rather than tactical operations
- Serve as your advocate in property management relationships
If you need property management services, we can help you select and onboard qualified providers.
What markets do you operate in?
We currently manage 10,000+ units across 20+ active markets nationwide, with concentration across four regions:
- West. Arizona, California, Colorado, and Utah.
- Sun Belt. Alabama, Arkansas, Florida, Georgia, Nevada, New Mexico, North Carolina, Oklahoma, South Carolina, Tennessee, and Texas.
- Midwest. Illinois, Indiana, Iowa, Michigan, Minnesota, Missouri, Ohio, and Wisconsin.
- Northeast and Mid-Atlantic. Connecticut, Delaware, Maryland, New Jersey, New York, Pennsylvania, Virginia, West Virginia, and Washington, D.C.
Our institutional experience allows us to quickly understand market dynamics in any location. Geography is not a constraint. Asset quality, alignment of objectives, and partnership fit matter most.
How involved will you be with day-to-day operations?
We maintain regular, hands-on involvement without micromanaging. Our typical approach includes:
- Weekly: performance data review and issue monitoring
- Bi-weekly: conference calls with property management
- Monthly: physical property inspections and detailed reporting
- Quarterly: strategic review sessions with ownership
The exact cadence depends on asset complexity and your preferences. Some clients want daily check-ins during active repositioning. Others prefer less frequent touchpoints for stabilized assets.
What happens if our property isn’t meeting projections?
Transparent communication during challenging times defines our approach. If performance falls short, we:
- Immediately notify you with detailed analysis of contributing factors
- Develop corrective action plans with specific initiatives and timelines
- Execute agreed-upon strategies with progress tracking
- Provide frequent updates until performance stabilizes
We do not hide problems or make excuses. We identify issues early, develop solutions, and execute with urgency.
Can you help with acquisition due diligence or disposition planning?
Yes. While our primary focus is ongoing multifamily asset management, we provide:
- Pre-acquisition analysis to evaluate operational opportunities and risks
- Post-acquisition onboarding to ensure smooth transitions
- Disposition preparation to maximize sale value
- Due diligence support for prospective buyers
Many clients engage us during the acquisition process to begin developing asset strategies before closing.
How do you handle conflicts of interest if you manage competing properties?
We maintain strict information barriers and confidentiality protocols. Each client relationship is managed independently, and market intelligence is shared only in aggregate form.
Our fiduciary duty is to each individual client. We never share proprietary strategies, financial details, or competitive positioning information across clients.
If you are concerned about specific competing assets, we are happy to discuss how we manage these situations.
What if we’re not satisfied with your performance?
We structure engagements with clear performance expectations and regular evaluation checkpoints. If you are not satisfied, we want to know immediately so we can address concerns.
Our contracts include reasonable termination provisions. We are confident in our value delivery, and we recognize that fit matters. If the relationship is not working, we will work toward a professional transition.
Match your investment with a partner who demands more
You have invested millions in multifamily assets. Your asset management partner should match that commitment with institutional expertise, maximum transparency, and hands-on partnership.
With 40+ years of combined institutional multifamily experience, 250+ successfully repositioned assets, and 10,000+ units currently under management, we have the proven expertise to optimize your portfolio performance.
Schedule a confidential portfolio review. We will analyze your current asset management approach, identify opportunity areas, and discuss how our partnership model could enhance your returns. No obligations. No sales pressure. Just experienced professionals discussing your portfolio.
