Lennox Companies’ acquisition and due diligence team carefully identifies new target properties for acquisition by analyzing the market and submarket and then examines each new asset to determine short and long term risks. In addition, the team meticulously performs onsite inspections, conducts lease file audits, diligently reviews service contracts and utility bills, coordinates all third party inspections, prepares financial projections, as well as formulates preliminary capital improvement budgets.
Lennox Companies offers an array of asset management services which provide opportunities for our clients to achieve optimal profitability of their assets. Our team assists from physically managing the asset, evaluating true profitability, oversite of capital improvement escrows, and analyzing property sale and refinance opportunities. Lennox Companies’ distinguishes itself by being able to successfully oversee all aspects of our assets.
Lennox Companies has over 25 years’ experience in the property management field, specializing in multifamily housing. We are known in the industry for our ability to enhance the value of our assets on both an investor and residential level. We do so through establishing strong and trusting relationships, carefully auditing all expenses and analyzing all revenue avenues to maximize the financial potential of each asset, skillfully maintaining and improving the physical property, as well as providing professional customer service.
Lennox Companies takes pride in hiring and maintaining quality and talented individuals. Our mentorship program helps new hires cultivate their skills and knowledge with the guidance from our veteran staff. In addition, we have partnered with Grace Hill VisionX, to provide continued education for our employees on both professional development and academic levels. Our goal is to foster a positive work environment by providing the tools to allow our employees to reach their true potential. Additionally, we offer competitive benefits and bonus opportunities. Our philosophy is that happy employees create prosperous communities.
Lennox Companies works hand and hand with investors to ensure the greatest success of their assets. Our investor relations team composes comprehensive quarterly reports highlighting the strengths and opportunities of each asset. The report offers a detailed view of each asset’s general performance and focus, financials, occupancy history, and capital improvement projects.
Lennox Companies’ philosophy is that in order to achieve longevity of an asset it must be properly maintained. With the help our construction team our assets’ physical condition is evaluated during the due diligence stage and a capital improvement plan is developed and put into action immediately following acquisition. Once the scope is outlined, the construction team obtains competitive bids. They then carefully monitor all onsite projects and provide detailed ongoing progress updates, keeping management and investors informed.