THE VALUE
Brookfield has grown slowly, sensibly and thoughtfully since its beginnings in 1978 to become Canada’s largest and most respected condominium property management company with over 54,000 suites under management in more than 280 condominium corporations.
Our focus on careful, measured growth means has never overstretched or diluted the quality of our services to existing clients. No Brookfield property manager will ever manage more than 2 condominium corporations a the same time. In fact, the majority of our managers, manage only one site. When requesting management proposals, be sure to ask about the condominium to manager ratios.
Our experience means that we have already seen and can handle any situation your condominium corporation might encounter. No other management company can draw upon the same level of experience and broad perspective.
THE EXPERIENCE
With 87 R.C.M.s (Registered Condominium Managers) and 90 staff currently enrolled in the RCM courses, Brookfield has far more highly trained and experienced property managers than any of our competitors. Collectively, our 3-Member Executive Team, 14 Regional Managers, 175 Managers, and 143 Accounting and Administration Support Staff offer you the exceptional value of over 1,500 years of collective property management experience. Our experience, stability and the resulting continuity are second to none. We have seen and done it all. Consider how important it is for you to hire a company that has been involved
Read hundreds of legal opinions
Spent thousands of hours with condo auditors
Organized and attended thousands of AGMs
Co-ordinated hundreds of owners’ information meetings
Renewed thousands of reserve fund studies and hundreds of technical audits
Initiated hundreds of energy audits and retrofits
Saved millions of cubic meters of natural gas and kilowatt hours of electricity
Spent hundreds of thousands of hours in Board meetings
Prepared thousands of status certificates
Crafted thousands of budgets
Purchased millions of cubic meters of natural gas on behalf of our customers at bulk rates
Presented tens of thousands of monthly financial statements to clients
Posted millions of accounting transactions
Overseen hundreds of building envelop restoration projects
Renovated hundreds of corridors and lobbies
THE INDUSTRY LEADERSHIP
Regardless of the issues you’re encountering, we have the knowledge and experience to assist you. We can provide you with the information you need to make a fully informed decision. We have also used our extensive experience to contribute to, and improve the condominium management industry as a whole. Our senior managers have taught all of ACMO’s (Association of Condominium Managers of Ontario) courses for a total of more than 30 terms. We’ve served on ACMO’s Board and on its committees for more than 10 years. Our president, John Oakes, served as the President of ACMO for 2 years. In the CCI (Canadian Condominium Institute), we’ve lectured at Directors’ courses more than 25 times and served as directors and conference chairs on numerous occasions. In addition, our senior managers have been published in CM Magazine many times, and have contributed to CMHC studies of multi-residential housing. Our team is committed to working with other industry leaders to improve standards in our industry and deliver better service and value to our customers.
THE EXPERTISE - BUILDING LIFECYCLES
The needs of a condominium vary substantially on its age and financial circumstances. Brookfield has extensive expertise with every phase of the condominium lifecycle. We have started up from interim occupancy and continue to manage some of Toronto’s finest addresses including. Granite Place, 70 Rosehill, The Chedington and One Post Road. Performance audits, reserve fund studies, first year deficits, Board assistance, resident education and vision setting consume much of everyone’s time. Eighty-four of our condominiums are under 5 years old.
Over 40 of our properties are older than 20 years with some buildings over 35 years old. Elevator modernizations, mechanical systems upgrades, energy retrofits, balcony repairs, garage slab replacement, new life safety systems and landscape re-design are some of the many projects that have been planned and completed with our intimate involvement.
THE FINANCIAL CHALLENGE
Every Board we have met is concerned about the 2 key fundamentals of proper management. Are the owners getting good value for the condominium fees they are paying? Is the Board taking the right steps to ensure that property values keep pace with the rest of the market?
Brookfield and its Boards have addressed all sorts of inherited challenges, such large operating fund deficit, inadequate reserve funds and improper casting out of goods and services to owners and residents. Those customers who have been with us for more than 5 years can boast healthy accumulated operating surpluses and reserve funds. Moreover, our financial reporting and controls are so strong and consistent that no Brookfield managed corporation has ever received anything but a perfectly clean audit. Speak with any experienced and independent condominium auditor and you will learn that Brookfield employs industry-leading best practices in our approach to budgeting, bookkeeping and accounting. We believe we can manage your building more effective than anyone else.
Our experience with reserve fund planning means that we work with knowledgeable reserve fund planners to ensure reserve fund studies are thorough, realistic and responsible. Through Brookfield drafted & recommended investment policies, we encourage our corporations to retain highly qualified investment planners who will match investments to reserve fund cash flow requirements in safe investments prescribed by the Condominium Act, 1998.
Brookfield’s thorough and meticulous operating budgets result in our corporations being well positioned to meet their needs.
|