DMP Properties
Real Estate - Newport Beach, California, United States
DMP Properties Senior Management
DMP Properties Details
DMP Properties is a private, family-owned and operated, commercial real estate investment and property management company based in Newport Beach, California. Since our founding in 1983, DMP Properties has built up a portfolio of over 1 million square feet in quality assets weighted towards neighborhood and community shopping centers throughout California. Our properties are home to a number of the nation's top retailers including Ralphs Grocery (Kroger), Ross Dress For Less, ALDI, Best Buy, Union Bank, CVS/pharmacy, Chase Bank, Starbucks, Rite Aid, Outback Steakhouse, Planet Fitness, US Bank, and AutoZone. DMP Properties also owns several office buildings, mixed-use buildings, and several fee land parcels.DMP Properties only manages assets owned by its entities and is integrally involved in the day to day operations and decision-making taking place at each property. Our highest priority is tenant retention, which we maintain through responsive "hands-on" service, lower NNN's, well-maintained properties, and by continuously exceeding the expectations of our tenants. We manage the vast majority of our portfolio in-house with dedicated support staff and professional vendor relationships. "We pride ourselves on being on a first name basis with our tenants." – Dan Perlmutter, FounderDMP Properties actively seeks to grow our portfolio through well-suited acquisition opportunities. Currently, DMP Properties is looking to acquire additional properties with the following characteristics: - Class "A" locations in Southern California or major metropolitan/suburban Western U.S. Coastal market preferred.- Anchored multi-tenant or single tenant retail assets.- Below replacement cost pricing.- Below market rents.- Valuation upside within a 10-year period through improved management, leasing or potential development. Please contact our office to discuss our leasing opportunities, acquisition criteria, or to present potential offerings.
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