• Paragon Realty Corporation was established in 1993 and has distinguished itself as experienced in managing all aspects of real estate assets. This has provided us with an edge in handling our clients’ real estate investment activities.

    The mission of Paragon’s asset advisory group is to examine and thoroughly understand each property, and to develop long-term strategic asset management plan. The strategic asset management plan focus on creating value, enhancing returns and reducing risk for your property asset. Paragon has an outstanding track record which has been achieved through our team approach. Our asset advisors work closely with third party consultants to develop the initial strategic plan for your property. Our property management group is also included in the strategic asset management plan throughout the asset’s entire life cycle to help ensure the achievement of realistic objectives for our clients.

    Paragon’s asset advisory group is comprised of experienced experts in their respective real estate classes and geographic markets. The team is located in Surrey, close to your assets. This proximity results in a more hands-on approach whereby the asset manager regularly visits the property, market, tenants, local real estate brokers, and other key constituents and helps to identify value-enhancement opportunities. Paragon manages retail, office/industrial and residential properties. This variety of properties allows us to provide our clients with the knowledge and expertise that is distinct to each of those asset classes, resulting in a more focused and disciplined approach to delivering strong, consistent results.

    Excellent property management is at the heart of long-term investment success in real estate. These results are a testament to the quality of all of Paragon’s property management services, from the starting point of securing high-quality tenants to tenant services. Paragon’s management team manages a significant and diversified portfolio of income properties in the Lower Mainland. We are well established as an efficient operator that is attentive to our client needs.

    Paragon’s management team is highly responsive to tenants and attuned to their needs. Our approach is based on three key attributes.

    ASSET RECAPITALIZATION

    Paragon’s PARA methodology creates a long term (5 – 50 years) plan for the recapitalization of the client’s real estate asset.

    REGIONAL REACH WITH LOCAL EXPERTISE

    Paragon operates a regional office and is well positioned to respond quickly to tenant and property issues as they arise. Our managers are experts in their markets and are well versed in local rents, economies, government services, and resources.

    SERVICE EXCELLENCE

    Paragon prides itself on delivering the attention of a local service provider on a regional basis. With our extensive network of suppliers in the region, we can respond quickly to tenant needs and provide an extremely high standard of tenant service. Consequently, tenant satisfaction and retention are consistently high.

  • The property management profession continues to evolve from an industry of rent collectors into professionals with the responsibility of proactively managing clients’ properties valued in the tens to hundreds of millions of dollars. This evolution has brought a higher level of sophistication to the management process. Commercial properties (office buildings, industrial properties, and shopping centers) require a distinct expertise.

    Property management covers a broad spectrum of services ranging from:

    Rent collection, accounting, and responding to maintenance problems

    • Providing sophisticated financial reports

    • Developing a maintenance/management plan

    • Implementing a tenant-retention program

    • Developing and implementing a comprehensive marketing and Leasing program

    • Rehabilitating properties

    Paragon Realty’s staff has the experience and expertise to provide the required level of service. Each property is unique; each has its own requirements. Paragon Realty’s success is directly attributable to an ability to tailor services to the varying needs of these properties and the clients.

    All of Paragon’s management expertise is focused upon providing clients with a fair return on their investments, tenants with a level of service that fosters building stability, and the property with a quality of maintenance that will preserve and enhance its value on a long-term basis.

  • Paragon Realty offers a different approach to strata management services. Paragon offers it’s clients professional strata management, with a personal touch.

    Every Strata Corporation is unique. Paragon’s management team specializes in meeting strata corporation’s individual needs through a customized strata management plan. The plan consists of three major components:

    OPERATIONAL SERVICES:

    Paragon’s services for building operations include all the activities required to operate the property from maintenance to advising on the long term prospects of the property.

    ADMINISTRATIVE SERVICES:

    Paragon relies heavily on a well organized administrative system. Records, files and controls for various functions are established to give the Strata Manager guidance and direction in all aspects of property operation. The basic elements consist of:

    • administer all owner files, occupant turnover and all documentation relating thereto;

    • supervise and maintain accurate records of all contracts and legal obligations of the Strata Corporation;

    • assist with the preparation and registration of the Strata Corporation Bylaws and Rules and any subsequent amendments as may be required from time to time;

    • consult and advise on matters relating to the Strata Corporation’s Bylaws and Rules;

    • provide reports for Strata Council on problems or recommendations regarding the common property;

    • obtain tenders and negotiate contracts on behalf of the Strata Corporation and, subject to the direction of the Strata Council, for the maintenance of all common property, including building and grounds maintenance and repairs;

    • obtain, analyze and prepare recommendations on quotations for necessary insurance and act as the Strata Corporation’s representative in handling any insurance settlements;

    • report to the Strata Council on all correspondence from individual owners and reply according to instruction;

    • act on behalf of the Strata Council to enforce the Bylaws or Rules of the Strata Corporation, thus promoting co-operation amongst owners;

    • attend, record and distribute minutes of the Annual General Meeting and Strata Council meetings.

    FINANCIAL MANAGEMENT:

    It is Paragon’s philosophy that accounting systems must be designed to support the specific needs of both the property and the Strata Corporation. They must be responsive, provide accurate and timely information and be easy to understand. Paragon uses Yardi Genesis, a software package specifically designed for property management.

    The basic elements of the system are:

    • prepare a proposed operating budget annually for the Strata Corporation, displaying income and disbursements for the fiscal year of operation together with non-annual maintenance/contingency reserve funds for capital replacements and repair;

    • collect the monthly strata fees from all owners and prepare cheques from the Strata Corporation’s account for the payment of all charges incurred in the maintenance and operation of the Strata Corporation;

    • provide the Strata Council with a monthly operating statement, displaying all income and disbursements including a budget comparison, balance sheet statement and, a detail general ledger;

    • submit monthly to the Strata Council an Accounts Receivable and an Accounts Payable summary statement;

    • prepare and maintain all necessary payroll records;file as required by law all reports and tax returns on a timely basis;

    • provide a monthly bank reconciliation on the Strata 

      Corporation’s bank account;

    • provide long-range financial planning for major capital expenditures;

    • provide all correspondence relative to the above services and;

    • provide lien administrative services.

  • We are your real estate experts. Contact us for:

    • Investment Performance Analysis

    • Market Analysis

    • Cash flows and Proformas

    • Due Diligence for Acquisition

    • Operational Expenses and Efficiency Analysis

    • Lease Audit

    • Real estate restructuring

    • Valuation/appraisal

    • Property auditing

    • Research

    • Corporate real estate advisory

    • Real estate brokering

    • Feasibility studies, property analysis

Our Comprehensive Real Estate Management Services: