A key to any successful real estate venture is the knowledge, ability, and financial strength of its principals. Hamilton Properties Corporation offer this key in the resources, expertise, and strength it applies to successfully complete any real estate venture.

Begun in 1968 as Hamilton Properties Corporation, the firm has consistently broadened its skills and achieved many successes. The results are demonstrated by the organization Hamilton Properties has become – Hamilton Properties Corporation.

Capabilities of Hamilton Properties span the crucial elements of any real estate venture. First, its multi-disciplined real estate expertise – gained on scores of projects with a broad range of conditions – enables the firm to thoroughly analyze equity investment and real estate development proposals. Programs resulting from that analysis general result in real estate investments substantially more advantageous and secure to investors. Second, Hamilton Properties, as owner, manager, and developer of more than 100 projects, offers financial stability behind each of its syndication’s. In all of its developments and real estate syndication’s, Hamilton Properties and its predecessor organization have never defaulted on a loan nor experience a default in equity payments by investors. In addition to each of these safeguards, Hamilton Properties offers a third significant advantage, the ability to step into a project as a developer, general partner, builder, or managing agent, should that action be appropriate to the success of the project at any stage.

Behind this breadth of expertise are seasoned principals and staff members responsible for millions of dollars worth of successful property development and equity investments. Their commitment to timely decision making and perseverance in action enhance Hamilton Properties analytical, financial, development, and management capabilities that are applied to all of its programs.

PROPERTY MANAGEMENT

Hamilton Properties approaches property management as “Asset Management” rather than as primary profit center in and of itself. This assets-oriented approach accomplishes two functions: investment security and maximization of growth potential. It is based on the assumption that real estate is a long-term investment – but only when it is properly managed.

Hamilton Properties’ early involvement in the rural multifamily housing market, in which projects are relatively small in size, evoked development of centralized systems conductive to managing both larger and smaller projects.

Staff accountants involved in the financial control of properties possess extensive experience in real estate accounting and taxation, knowledge crucial to the proficient application of those systems. Having developed these systems to match the reporting requirements of various financing bodies, these individuals are accustomed to the financial reporting needs of investors.

Hamilton Properties has management information systems in place for reliable tenant selection, government reporting, maintenance budgeting and scheduling, and numerous other items important to Hamilton Properties “Asset Management” philosophy. Top managers and supervisors are strongly encouraged and assisted in earning different designation such as S. T. A. R. (Spectrum Training Award Recipient) or the Certified Property Manager (CPM). In depth training is provided to on-site managers working for Hamilton Properties. Formal training is initiated for new managers prior to a development’s occupancy, and concentrated assistance is provided through the initial rent-up period. Hamilton Properties’ own brand of property management is formalized in an on-site handbook, which serves as both a training manual and a reference guide. In-house, industry and governmental training sessions continue throughout each property manager’s career with Hamilton Properties.

Headquarters staff members provide any needed backup services. Field supervisors take care of three regions for the highest possible degree of responsiveness to local needs.

Hamilton Properties’ centralization and systemic of all financial control and property management functions, its dedication to on going staff training, and its operation through regional management centers results in a total management approach which ensures protection and maximum appreciation of investments.

SERVICES PROVIDED

The following items and services are included in management fees:

• Monitoring of project operations, training and supervision of on-site staff provided by main office employees.
• Maintenance of project books, reports and records.
• Preparation and distribution of monthly reports.
• Preparation and distribution of annual reports of operations and maintenance.
• Preparation of request for reserve withdrawals, rent adjustments, and rehabilitation and energy conservation proposals.
• Review of tenant certifications and submission of monthly Rental Assistance requests.
• Preparation and distribution of operating disbursements and protection of project receipts.
• Supervision by the Management Agent and its staff (time, knowledge, and expertise) of overall operations and capital improvements.
• Meetings with owners, investors, and/or USDA Rural Development, HUD, TDHCA (Texas Department of Housing and Community Affairs, MHDC (Missouri Housing Development Commission).
• Development, preparation and revision of management plans and/or agreements.
• Preparation and distribution of payroll for all on-site employees including the costs of preparing and submitting all appropriate tax reports and deposits.

The comprehensive orientation program includes classes in Hamilton Properties Corporation history and culture, risk management, benefits and payroll, family housing issues, marketing, facility tour and introduction, which take the property managers through a “Day in the Life of a Property Manager” with real situations, paperwork, and roll playing to give the new managers an idea of what to expect when they open their office each morning. Because Hamilton Properties Corporation is made up of different structures of properties i.e. (tax credit, rural development “515” and market rate conventional properties), It is imperative that we develop classes unique to each group. These classes are taught by in-house subject manager experts and some are taught by contract experts. Each supervisor monitors the class and their employee during training and orientation classes. Our “Orientation Training Program” is only the beginning of the education process for every Hamilton Properties employee. Throughout the future years each employee will be given the chance to establish additional certification. The ultimate goal, to educate and develop our employees is by improving profitability and retention.

FINANCING

Hamilton Properties has applied its financing creativity to working with a number of construction and permanent debt financing programs, each secured by a strong inventory of real estate. These include such tools as loans insured by the Federal Housing Administration, loans for the USDA Rural Development, and state housing finance agencies, local housing authorities, as well as conventional sources.

SUMMARY

In each stage of its development Hamilton Properties Corporation has consistently anticipated new market needs and responded by targeting its wealth of resources to fulfill those needs. Its success in managing risk and raising financial benefits has been demonstrated in all facets of Hamilton Properties business – from development and construction to property management.

The highest level of proficiency among principals and staff is sought constantly. It is through these individuals that Hamilton Properties attains its goals on behalf of its investors. It is also through them that the firm establishes and maintains excellent working relationships it enjoys with local governments, financial institutions and government agencies.

Hamilton Properties has worked diligently to become a leader in both the contracting and property management field. Its vast experience and success have been achieved through a long-term commitment to excellence and through integration of many levels of resources provided by the Hamilton Properties Corporation result in the assurances sought by astute real estate investors