Commercial property management, Colorado

Property management for owners who answer to capital.

Victory Commercial manages commercial real estate throughout Colorado for institutional and professional owners. The firm is an affiliate of Victory Investment Partners, a real estate private equity sponsor, and manages both affiliated and third-party assets under the same reporting standard.

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The reporting posture

Every asset receives a monthly reporting package in which the financial statements tie to the general ledger and the bank reconciliation. Budget variances carry a written explanation, not a color code. CAM reconciliations are completed on a stated schedule, not when the year quiets down. Trust accounting is maintained for every asset, with owner funds held separately and reconciled monthly.

The full contents of the package, and the cycle behind it, are documented on the Approach page. If you review reporting for a living, start there.

The principals

The firm's principals review every asset every month. Budgets, reforecasts, and variance narratives are prepared or reviewed by the people accountable for the outcome, not delegated to an account team the owner never meets. When you call about an asset, you reach someone who read its financials that month.

Because the firm also operates as part of a sponsor, its principals sit on the ownership side of the table as well. The reporting standard here is the one they require as owners.

Next step

If you are evaluating managers for an asset in Colorado, send the rent roll and the current budget. The firm will respond with a management proposal and a sample reporting package.

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