ASSET MANAGEMENT

SEED’s Asset Management department preserves the long-term health and financial viability of the portfolio assets. Through clear definition and execution of portfolio-level strategies that ensure budgetary and regulatory compliance, we work to maximize financial returns to the SEED.

Our goals are to:

  • Preserve affordability of non-public housing throughout South East Seattle;
  • Provide affordable housing to seniors, people with disabilities, and families and individuals with limited income;
  • Maintain, operate, and provide for the safety and care of SEED’s approximately 30,000 square feet of commercial retail space.

 Overview

Each property within SEED’s portfolio is managed by third party property management firms. These firms conduct the day-to-day management of our properties, including maintaining buildings; hiring and managing site staff including site managers, landscaping, maintenance, security, and other vendors; perform all aspects of leasing; and communicate with residents.

Oversight & Partnership

SEED staff is responsible for the oversight of the long-term health and financial viability of the portfolio assets. Asset Management defines and executes portfolio-level strategies that ensure budgetary and regulatory compliance and maximize financial returns to SEED.  SEED staff manage the third party Property Management firms by effectively communicating short and long-term goals and monitor them in order to meet these goals.

SEED’s Asset Management staff conduct oversight which includes visiting properties, reviewing and analyzing financial statements, providing support to site staff, and reviewing program compliance and reporting requirements. Capital improvements through an annual management plan are considered annually for each property to maintain, upgrade and modernize the buildings. Together, our mission is to provide safe and sanitary, affordable housing, deal with property management issues, and provide a high-quality standard of living for the residents.