National Asset Services Expands Nationwide Property Management Portfolio with Addition of Six Properties in Four States

LOS ANGELES, May 12, 2017 /PRNewswire/ -- National Asset Services (NAS), one of the Country's leading commercial real estate management companies, has further expanded its property management portfolio with the addition of six properties in four states.  Selected as the property management company and asset manager at properties located in Texas, Pennsylvania, Ohio and Massachusetts; NAS now manages over 70 properties nationwide.

San Angelo, TX -- NAS has assumed property management responsibilities at Sherwood Village, a neighborhood retail shopping center, located near the intersection of Sherwood Way (US HWY 67 Business) and Sunset Drive in San Angelo, TX.

NAS assumes responsibility of the center, on behalf of tenant-in-common co-owners, after serving in a consultant capacity during the recent refinancing of the property investors' 10-year CMBS loan.

Sherwood Village is a 15,407 square-foot center situated on 1.69 acres and features a mix of national, regional and local retail destination stores and restaurants:  Dickey's Barbeque Pit, Pro Cuts, FedEx Office, Eyemart and Verizon Wireless.

In addition, NAS assumes property management and asset management responsibilities for five, newly constructed medical office properties on behalf of KB Exchange Trust; a commercial real estate investment firm headquartered in Las Vegas, NV.  The single-tenant medical office properties, occupied by Fresenius Medical Care, one of the World's largest integrated provider of products and services for individuals undergoing dialysis due to chronic kidney failure, are located in:

North Houston, TX -- 8,403 square-foot property located just south of the 250-acre Gene Green Beltway 8 Park near the Sam Houston Parkway.

Crockett, TX -- 8,318 square-foot clinic serves Houston County residents and is located on Route 34 near the intersection of State Hwy 304 and US Hwy 287.

Cleveland, OH—9,800 square-foot medical facility is located on Cleveland's Westside on U.S. Hwy 42, near Grace Hospital Medical Center.

Scranton, PA—7,104 square-foot medical office is located two miles west of the Regional Hospital of Scranton.

Springfield, MA—10,165 square-foot clinic is located less than one mile northeast of Vibra Hospital of Western Massachusetts.

"These properties are a natural fit to our existing portfolio and further exemplify our team's diverse management expertise," commented Karen E. Kennedy, President and Founder, National Asset Services.  "Property investors will benefit from our company's strong position to strategically leverage our nationwide resources in the commercial property market."

About National Asset Services (NAS)

NAS is a commercial real estate management company that works with over 90 investment groups in properties of a nationwide portfolio valued at over $2 billion. The company manages a wide range of diverse commercial real estate: Office, medical office, multifamily, retail, student housing, assisted living and industrial flex properties.  The company manages solely owned and multi-owner properties.  NAS offers a wide-range of asset management capabilities.  They include: Real estate strategy analysis; long-range business objectives; monitoring changing market conditions; investor relations; real estate and investor accounting; loan modification and workout solutions; exit and hold strategies; leasing & marketing; tenant retention plans; research studies; site selections; feasibility studies; insurance risk management; capital improvement planning and tracking; property tax appeal services and cost segregation services.

Headquartered in Los Angeles, California, NAS operates regional offices in Chicago, Illinois, and Austin, Texas.

For more information about NAS, visit www.nasassets.com.  For industry news and company updates, follow NAS on Twitter @nascommercial.

Contact:
JW Robison 
310-795-8985
[email protected]

SOURCE National Asset Services