Property managers
Beztak
Beztak is a Farmington Hills, Michigan real estate development, construction, investment, and property management company. It owns and manages a portfolio that includes residential apartments, senior living, commercial, office, and retail property, and takes on third-party assignments alongside its own assets.
Client services cover multi-family residential and senior living third-party management, office, commercial and retail third-party management, development, construction and renovation, asset management, due diligence and brokerage assistance for acquisitions and dispositions, project repositioning and lease-up marketing, and marketing and business plans. Fees are either flat-fee programs or arrangements tied to the performance of the asset. Property operations run on Yardi Voyager, with a Yardi call centre for prospect communication and Yardi PayScan for purchase order and invoice approvals, and clients get read access to reports.
The company is private, multi-generational, and family-owned, with over 70 years of history: it traces back to Beznos Realty Company in Detroit, and the Beztak name was formed in 1970 when the family partnered with a family friend. It owns and manages over 35,000 units, with headquarters at 31731 Northwestern Highway in Farmington Hills and regional offices in Boca Raton, Florida and Tucson, Arizona.
The about page also states that Beztak is a division of Oakland Management Corp, so the contracting entity for a third-party assignment is worth confirming.
Best for
Owners of apartment, senior living, or commercial assets in Beztak's operating states who want a third-party manager that also develops and builds, and who are open to management fees tied to asset performance.
What they do
- Multifamily property management
- Senior living property management
- Office, commercial, and retail property management
- Development and construction
- Renovation and repositioning
- Asset management
- Due diligence for acquisitions and dispositions
- Brokerage assistance
- Lease-up marketing
- Marketing and business plans
Details
| Attribute | Value |
|---|---|
| Ownership | Private |
| Other offices | Boca Raton, FL, Tucson, AZ |
| How they charge | Flat-fee management programs, or fee arrangements tied to the performance of the asset. No rates are published. |
What stands out
- Owns and manages over 35,000 units across residential apartments, senior living, commercial, office, and retail property.
- Family-owned and multi-generational, with roots in Beznos Realty Company in Detroit and the Beztak name formed in 1970.
- Headquartered at 31731 Northwestern Highway in Farmington Hills, Michigan, with regional offices in Boca Raton, Florida and Tucson, Arizona.
- Offers either flat-fee management programs or fee arrangements tied to the asset's performance.
- Runs property operations on Yardi Voyager, with Yardi Call Center and PayScan, and gives clients read access to reports.