Property Management Services
Company Overview
Mercer Property Partners (“MPP”) through its related companies is a real
estate investment company that provides development, construction
management, and property management services to its investment partners,
and owners in various Central NJ markets. MPP is singularly focused on
Trenton real estate acquisition, management and redevelopment.
The MPP team has over 100 years of combined experience, having developed
and managed over 5,000,000 sq. ft. of office, commercial and residential
space.
Principal
D. Justin Massimo
Prior to founding Mercer Property Partners, Justin Massimo worked in Trenton redevelopment for the last 8 years. He worked on the Vista Center Project, Chambers Lofts, and various other stages of planned development projects in Trenton.
Justin Massimo has been involved in the Development and Construction Industry for over 16 years. He has served in various capacities at several different construction companies including Superintendent, Assistant Project Manager, Project Manager, and Vice President of Operations. Justin has been involved in or managed over $25 Million Dollars in residential and commercial construction. These projects include Windsor Nissan, Saturn of Toms River, various Princeton area school renovations, multiple State of NJ contract renovations, as well as large custom homes and large residential developments in and around the Princeton, NJ area.
A recognized leader, Justin serves on a number of local and professional organizations. He is a board member of the Trenton Area YMCA Y5K since its inception and is actively involved with several Sigma Phi Epsilon national and local advisory committees. He is also a member of the Mercer County Chamber of Commerce.
Executive Team
Regan C. Kenyon, Jr., Esq.
Mr. Kenyon serves as MPP’s in-house counsel, admitted to practice in New Jersey in 2006. He is a former clerk for the New Jersey State Supreme Court. In private practice as well as in an in-house counsel role, Mr. Kenyon has specialized in real estate, commercial and corporate law.
S. Leonard DiDonato
S. Leonard DiDonato is an expert in construction project management, contract administration and contract dispute settlement. Mr. DiDonato has more than 50 years of experience in the construction industry and has been involved in all aspects of industrial, commercial and institutional project planning, design, and construction.
Mr. DiDonato held numerous management positions including Senior Vice President with Hill International and Director of the New Jersey Division of Building and Construction where he administered and oversaw building projects in excess of $3 billion including the Philadelphia Convention Center, Richard J. Hughes Justice Complex (Trenton), the Niagara Falls Wastewater Treatment Plant, Williamstown High School, CCMUA Big Timber sewer collection system and numerous other projects of all types.
Mr. DiDonato has been honored as New Jersey’s Master Builder by former Governor Brendan T. Byrne and as “Construction Man of the Year” by the Subcontractors Association, American Concrete Institute and the Society of American Military Engineers.
Management Portfolio
In House Property Management
Mercer Property Partners currently manages over 50
residential and retail units for it’s various investment partners,
with the goal of acquiring and managing over 200 units in the
next two years. They manage rental lead generation, leasing,
inspections, daily management, maintenance, construction
projects, move outs, and apartment turnovers.
Property Management Clients
Mercer Property Partners currently manages over 35
residential and retail units for various independent owners,
with the goal of managing over 200 units for independent
owners in the next two years.
Management Services
Services Offered
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Rental lead generation
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Showings
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Leasing
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Inspections
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Move in
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Daily management
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Maintenance
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Construction management
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Move out
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Turnovers
Fee Schedule
Fees
For Property Management we charge: ● 10% of gross revenue for 1 unit ● 8% of gross for 1-5 units
● 6% of gross for 5-50 units ● 5% of gross for 50 or more units Leasing fees:
Under 10 units:
● 1 month’s rent payable after 2nd month’s rent collection 10 units and over:
Management Case Study
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$30,000 Renovation
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1 Month Project
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Rented for $1,300
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Currently under
management
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$7,072 projected
NOI
116 Turpin
Recent Experience
Vista Center
Trenton Transit Center, Trenton, NJ
Master plan for over 1,000,000 SF of Office, Retail, and Residential space
Fully approved
Chambers Lofts
176 Division Street, Trenton, NJ
Conversion of vacant warehouse into 64 loft style apartment units
Total construction budget of $5.9 Million
Construction completed May 2013
Current Projects
Residential Rental Property Acquisition Project
Various Sites, Trenton, NJ
Scattered site acquisition of $3,000,000 in residential real estate assets
Renovation of all acquired property
Leasing of all acquired property
Management of all acquired property
399 West State St., Trenton, NJ
Conversion of 4,000 sq. ft. tudor style home into 6 apartments
Total project budget of $240,000
Leasing of new apartments
Other Projects
13 Columbia Ave.Trenton, New Jersey
First fully approved “flood proof” home in the Island neighborhood of Trenton
Windsor Nissan and Saturn of Toms River New Jersey
Construction of two new car dealerships
Total construction budget of 1$1.4 million and $1.9 million Construction completed ahead of schedule and under budget
Various Residential Developments and Custom Homes New Jersey
Since 1981 D. Massimo and Sons Construction was involved in the construction of hundreds of single family homes General Contractor on numerous multi-million dollar design/build custom family homes in Central New Jersey
Various State and Corporate Projects New Jersey
The executives at Mercer Property Partners have overseen billions of dollars of construction nationwide, as both the head of State agencies and as executives at a major national construction management firms
Contact
For more information:
D. Justin Massimo (609) 759-1125
[email protected] http://mercerpp.com
