Verity Properties Celebrates Management Success; Business Thriving at 1st Anniversary

Nov 02, 2010, 10:00 ET from Verity Properties

MOUNTAIN VIEW, Calif., Nov. 2, 2010 /PRNewswire/ -- Verity Properties, a full-service commercial property management firm in Silicon Valley, is pleased to celebrate a successful first year in business.

Since opening its doors on Oct. 15, 2009, Verity Properties has delivered exceptional, personalized services to its clients. Led by Verity Properties CEO Yolanda K. Faile, CPM, RPA who honed her skills at some of the most prestigious real estate management firms, and Bill Pataky, a veteran of the Valley's technology industry, the firm is growing a dynamic and diverse property portfolio.

"We're doing things differently for our clients and that makes our uniquely tailored services unmatchable in this region," said Faile. "We go in, roll up our sleeves and tackle whatever is necessary to get the job done. I'm proud of our first year and even more excited about what's yet to come."

Employing a whatever-it-takes philosophy and its innovative use of cutting-edge technology to deliver impressive client services, Verity Properties provides clients with unmatchable returns. The company's made-to-order approach and the staff's more than 13 years of experience running some of Silicon Valley's most visible properties has led to Verity Properties carving out a niche as the alternative to the traditional, status-quo management firms.

"Verity Properties has gone above and beyond what we expected," said Joe Collins, a board member of the Berryessa Industrial Center, a 90,000-square-foot complex and client of Verity Properties.  The Center was one of Verity Properties' first customers and has seen a significant improvement in their operations including an expanded preventative maintenance program and the adoption of a strategic plan - without increasing assessments. Verity Properties also recommended and implemented changes to their reserve investment portfolio that has increased returns by more than 450 percent.

"Verity Properties has consistently delivered great service," said Paul Kitzerow, another Berryessa board member. "They embody how a property management firm should treat its clients."

Another client, Stanford Federal Credit Union, brought Verity Properties in to manage a foreclosed office property in Palo Alto this year. Verity Properties deftly helped the owner deal with the contents and conditions left behind by the previous owner/occupant. They carefully identified issues and provided affordable options to enable the ownership to make strategic decisions, leading to a rapid sale in this challenging market.

"Verity Properties was key to our successful transition of this asset," said Steven H. Weiler, Director of Commercial Banking at Stanford Federal Credit Union. "Their professionalism and can-do approach was exactly what we needed.  They exceeded our expectations."

It's their customized approach that's winning praise from clients and helping Verity Properties close the books on an exceptional first year, despite the economic challenges facing the industry.

"We're finding that many small and medium-sized property owners and asset managers have become unimpressed with the lackluster attention they are getting from their third-party management, many of whom have been forced to downsize over the past several years," said Bill Pataky. "That has created opportunities for us. They really enjoy seeing what our growing, attentive firm can do for their portfolio."

Photos available. Visit us at www.verityproperties.com or reach us at 650.386.1280. Verity Properties is licensed by the California DRE. Broker ID01245603, Corporation ID01870531.

SOURCE Verity Properties



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