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Drought Properties Inc. was founded in 1995 by Harry T. Drought. Prior to founding the company, Mr. Drought was Chief Executive Officer of the Guy Chipman Company Property Management Division for 16 years. Mr. Drought also holds the aspired designation of Certified Property Manager (CPM®) and is a former President of the local chapter of the Institute of Real Estate Management. In addition, Mr. Drought has served as Director of the local San Antonio Board of Realtors, Texas Association of Realtors, and the Commercial Investment Division. Our company is prepared to offer a sophisticated range of services to our clients. Previously the commercial division of Guy Chipman Company, Drought Properties, Inc. has been in business as a successful independent entity for 14 years, for a total of over 27 years of commercial real estate experience. Our company focus has been the management, sales, disposition, and leasing of office, retail, service center and multifamily properties with an emphasis on long term asset appreciation for a variety of corporate entities as well as individual investors.
Harry Drought Sr. CPM, President Mr. Drought is the founder and Chief Executive Officer of Drought Properties, Inc. in 1995 the firm has grown to a current size of 50 multi-family communities and over 20 commercial properties under management. From 1979 to 1995, he served as Chief Executive Officer of the Guy Chipman Company Property Management Division where he directed all aspects of the company’s commercial and residential real estate management business. Mr. Drought supervises the operation of the company and overseas the management of the managed portfolio including multi-family, retail office, warehouses, mini-storage, and single family homes. An active member of the real estate community Mr. Drought has held numerous leadership positions in local, state and national professional organization including Past President of the San Antonio Chapter of the Institute of Real Estate Management, Chairman of the Property Management Committee of the San Antonio Board of Realtors and Board Member of the Texas Association of Realtors. Currently serving as Director for the San Antonio Apartment Association. He is also a long time National Governing Councilor of the Institute of Real Estate Management. Mr. Drought has served as an instructor of the San Antonio Board of Realtors, a guest speaker at the University of Texas at San Antonio and a contributing author for Texas Realtor Magazine. He has earned the Certified Property Manager (CPM) designation from the Institute of Real Estate Management and is a Licensed Texas Real Estate Broker. His community contributions include service as City Councilman for the City of Grey Forest and Chairman of the Grey Forest Utilities. Memberships and Accomplishments
Harry Drought Jr. Commercial Brokerage/Leasing Specialist Commercial Sales/ Acquisitions, Property and Asset Management, Consulting, Leasing, Investment Services San Antonio native, involved in commercial real estate as a Sales/Leasing Consultant with Drought Properties over the last 7 years, producing $30 + million in volume sales and leasing annually. During 2003 became a candidate for the Certified Commercial Investment Member (CCIM) designation. Our Company specializes in Multi-Family Property Brokerage and Retail Property Leasing/Brokerage along with 1031 Exchanges, Tenant Representation, NNN Leasing, Upside Investment Properties, & Mini- Storage Brokerage. Drought Properties is one of San Antonio's leading Brokerage & Property Management Companies, responsible for the management of 2,000+ multi-family units with over 1 million square feet of general office, medical, and office/showroom space, along with several community retail centers, and 3,500 mini-storage units.
Carol Galloway REALTOR, Residential Portfolio Management Leasing
Sandy Schultz, Property Supervisor Property Supervisor with Drought Properties for 28 multi-family housing communities. Accountable and proficient skills include preparing budgets, operations, human resource, overseeing property accounts, resident relations, budgets, profit & loss reports, marketing, weekly outreach, managing property vendors, conducting contractual negotiations, quality control, communications (verbal & written) with property owners, analyze and write monthly owner reports.
Sixteen years of industry experience. Result oriented and conscience driven I improved each of the communities for which I was responsible. Properties managed include The Legacy (96 units), Blanco Crossing (324 units), Bandera Crossing (204 units), Spanish Trace Apartments (399 Units), LaJolla Apartments (392 Units), and Cedar Creek Apartments (392 Units).Blanco Crossing Apartments increased income revenue on an average of $14,000.00 per month and increased occupancy numbers from 90% to 96%. Honored by the San Antonio Apartment Association as the 2004 Manager of the Year Award.Legacy Apartments I improved occupancy percentages, which started with an average occupancy rate of 65%. I increased this rate to a 96%. Bandera Crossing Apartments I decreased delinquency rates effectively performing innovative marketing techniques and utilizing proficient leasing skills. This resulted in positive resident retention and consistent tenant renewals. I effectively managed capital improvements, improved profits, and the quality of the community. Closed four months with zero balances.Spanish Trace Apartments monthly delinquencies decreased on an average of $2,000.00 and the occupancy increased from 84% to 93%. Created and issued a property newsletter developing and promoting unity within the Spanish Trace community.Cedar Creek Apartments I concentrated on Capital Improvements and bond issues, using strict guidelines, continuous follow-up, and negotiating contractual agreements. Improving the rehab of the property and its functional operations management. La Jolla Apartments began my career in the industry and I began my career as a Leasing Consultant. I was promoted to an Assistant Manager Position and then to the Community Manager position in a little over four months because of my strong and exceptional abilities to perform
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