Olmsted Properties Update 28 March 2019

Terminus Property Group acquired the Olmsted Companies from Palmetto Group in Q2 of 2018. Terminus Group CEO Brett Kersh has been a member of the Olmsted property advisory team since inception. The Terminus group has continued to source residential properties in smaller, high population growth cities in the south eastern United States targeting cities that share strong demand for single family rentals, low vacancy rates, and an ample supply of for-sale single family properties.

Olmsted’s original plan was to install solar technology to the refurbished properties enabling them to increase their energy efficiency as well as reducing the energy costs for tenants. However, Terminus as a property management specialist is choosing to focus on maximizing the potential of the existing property portfolio through rentals and standard renovations as a different approach to Palmetto, which was a clean energy specialist firm.

Since April 2017 the Terminus Group has seen an increase in revenue per month from $14,000 to $21,000, increasing rental values by an average of $75 per unit and increased occupancy levels by 20%. These improvements can be attributed to the new approach taken by Terminus to identify and liquidate non-performing properties and by taking advantage of social housing programmes funded by the local and federal governments.