If property managers that approach assignments with an owner's perspective make the best service providers, then Prism Property Services of Bloomfield has a distinct advantage. The company is an affiliate of Prism Capital Partners, a well-respected, privately held real estate owner/operator/developer with a proven track record of creating value at its properties.

A talented group of professionals with an average 24 years of property and facility management experience comprise the Prism Property Services team. With a current portfolio of 2.5 million square feet of office and mixed-use properties, the company works closely with real estate owners and investors to develop and maintain custom, property-specific programs that focus on overall cost-efficient operations and tenant retention.

"We believe that our attention to detail combined with exceptional tenant service and constant cost evaluation measures is a recipe for owner/investor satisfaction," noted Jonathan F. Hoff, RPA, CPM®, Prism's senior vice president of management services.  "Our proven programs and procedures have helped reduce costs, improve profitability and enhance property value for numerous real estate assets."

Prism Property Services offers a full spectrum of management services. This includes operations and building maintenance, financial management, leasing and marketing, and general consulting. Hoff, who joined Prism in 2007 with extensive facility management experience, is spearheading the growth of the Property Services division. Among other areas, he is seeing increased demand from holders of REO assets.

"An unfortunate reality of our current economic climate has been the return of assets into lenders' hands," stated G. William Roesch, Prism's CFO. "Fast stabilization of these properties is critical to their resale. Our roots as an investment firm are highly valuable in this scenario. We know how to recognize potential and quickly turn a building or complex around. Our role is twofold: we can act as a strategic consultant, and we also can come in and manage an asset effectively."

Hoff also added that demand for traditional property management services will grow as the recovery takes hold. "As market activity begins to increase, the best-managed properties will be the first to attract tenants," he said. "With our history, our people and our full-service approach, Prism Property Services is well positioned to become a preferred provider in the New Jersey market."

Prism Property Services handles property management for the Prism Capital Partners portfolio. Among its hallmark commercial office assets are BroadAcres Office Park in Bloomfield, where the company is based, 60/80 Commerce Way in Hackensack, and One Harmon Plaza in Secaucus.