RAS Management Group LLC is a privately held real estate organization specializing in the property management, real estate development, leasing and sales for the properties controlled by its affiliate RAS Property Group LLC.
RAS Management currently operates with a staff of over 30 people and distinguishes itself by the qualifications and depth of its personnel and affiliates who offer a high level of real estate experience, diversified educational backgrounds and multi-disciplinary technical skills. Our professional staff includes personnel with property management, financial, accounting, banking, brokerage and marketing experience. This diversity of skills enables us to achieve the highest possible financial returns for our properties. RAS Management has a history of realizing strong cash-flow, above-average rents and streamlined operational expenses which ultimately leads to increased property values.
RAS Management develops a vision for each property and solutions to help achieve them. Our property and asset managers work together to become experts in each market and leverage this market intelligence to benchmark and build on strengths. We recognize that an asset’s value is linked to occupancy and we work hard to understand what drives tenant interest and satisfaction—and bring those best practices back to its properties to attract and retain the highest quality tenants at the highest market rents. RAS Management leverages industry-leading technology to stay abreast of system performance 24/7, and manages its properties in the most efficient and effective way possible. We keep NOI and valuation top of mind so that we are always driving new revenue streams and efficiencies, thus accelerating asset appreciation.
From the earliest planning and design stages, our ability to create and manage effective properties has proven vital to the long-term success and lasting legacy of our properties. Every property that we own and manage receives our dedicated service and support every step of the way.
Working in collaboration with the development and architectural teams, we offer direction and review all building plans as they relate to back-of-house design, security protocols, 24/7 property operations, and operational systems.
We prepare two essential budgets. The ‘ramp up’ budget, provide a forecast timeline of the unique expenses that will be incurred during the pre-opening and lease-up phases including: initial supplies, contracted services and purchases, taking into account warranties and maintenance agreements purchased as part of the development package, phase-in of staffing as the building approaches TCO and different occupancy thresholds, and one-time startup expenses such as detail cleaning, punch list assistance, initial uniform purchases, and other necessary items. A ‘steady state’ operating budget which includes projected expenses for labor, contract services, utilities and supplies is prepared once the building has completed lease-up and stabilized its operations.
We continuously shop the market for the best quality vendors at the most competitive price. We qualify all of our vendors and continuously track their performance to ensure that our properties are receiving the highest quality results at the most competitive prices.
We recruit, hire and train the staff for each property, as well as prepare the required manuals, policies, procedures, and job descriptions. Once the size and requirements of the staff are determined, we establish training protocols and operational manuals, specific to each property, to maintain our high standards of operations.
We provide timely and accurate management reports for all of our properties to meet the high expectations of our investors, equity partners and lenders – this is one of our highest priorities. Utilizing OneSite, we can customize monthly financial status reports that are aligned with the needs of our partners.
Harvey is Managing Partner of RAS Management Group and is responsible for acquisitions, property management and investor relations. He sits on Investment Committee and sources qualified investors for all current and future transactions.
Stephen Pacocha is the Chief Finance Officer of RAS companies where he brings with him his combined experiences with real estate investment, management and development companies. He performs and oversees reporting, accounting and compliance operations for existing RAS properties, and models and evaluates potential new real estate acquisitions.
Jenny has over 22 years of management, marketing and sales experience at some of the country’s largest multifamily firms, including Greystar and Richman Property Services. She has a successful background in both on-site and portfolio management of multifamily apartment communities in excess of 3,000 units throughout a variety of markets.