AP Commercial, Inc. is a real estate property management company specializing in maximizing value for our owners. The company provides property management, project leasing, asset management and investment services to our institutional, corporate, tenant in common and private clients.
The department's executive and management personnel average over 20 years of commercial real estate experience and service. Our primary goal is to maximize the value of each asset through our unsurpassed knowledge of revenue generation, cost containment and tenant retention. Today, the company oversees a portfolio of 63 properties in 9 states. This portfolio contains 3.065 million square feet representing properties valued at approximately $325 million in office, retail, industrial and medical.
Mark T. Gregory
Managing Director/Chief Executive Officer
Mark T. Gregory is Chief Executive Officer and a Managing Director of AP Commercial, Inc. Mark is responsible for all corporate planning and financial operations, in addition to overseeing all activities of the operating divisions of the company.
Mark began his professional real estate career in 1986 where he served on the management team of Houston-based Harold Farb Investments, responsible for management and leasing of San Felipe Plaza, a 1.1 million square foot trophy class office building in the Galleria area of Houston. Mark was promoted to Sr. Property Manager and Leasing Agent in 1988 and assigned a mixed use portfolio consisting of 585,000 square feet of office and retail. His career expanded in 1995 when Mark joined REOC Property Services, Inc. and was assigned a 1.9 million square foot mixed use portfolio. This experience eventually led Mark to be hired by Houston based Asset Plus Corporation in 1990. Mark was promoted to Sr. Vice President 2003 and in 2013 acquired the Commercial Division of Asset Plus Corporation from its owner. Mark specializes in marketing, leasing and managing office and retail portfolios for institutional and private investors. He is directly responsible for pro forma performance including meeting target leasing goals required by lenders and investors.
In addition, Mark has developed new business, asset business plans, and marketing material. He is also responsible for new construction contracts and lease document review and preparation. Mark has also been responsible for pad site development and/or sale. His experience with office portfolios totals over 1 million square feet and retail portfolios in excess of 900,000 square feet.
Mark is a 1985 graduate of Stephen F. Austin State University and currently holds a Texas Real Estate License.
Jonathan Stup, Broker, CPM
Jon serves as the Chief Operating Officer and sponsoring broker of AP Commercial, Inc. Jon has over 20 years of experience in managing and leasing all types of commercial real estate. He has completed lease transactions valued at more than $200,000,000 in retail, office and industrial properties throughout Texas.
Jon earned his CPM designation in 2003 and his Texas Brokerage License in 2004. His focus is on managing and leasing commercial property portfolios while increasing property values, tenant retention and the property’s position in the market.
Prior to starting up AP Commercial, Inc., Jon was a Senior Property Manager and Leasing Agent for Asset Plus where he managed and leased more than 500,000 square feet of retail and office space. Jon began his Commercial Real Estate career in 1995 as an Assistant Property Manager in Bethesda, MD where he assisted with the operations and administration of 10 office buildings totaling over 1,000,000 square feet. Moving to Houston in 1997 he began his work on retail shopping centers. From there, Jon began managing and leasing for a locally owned real estate firm. He has been in the real estate industry for over 20 years.
Jon is a 1995 graduate of Elon University.
Valerie serves as the Property Manager for AP Commercial, Inc. She has over five years experience as a Licensed Real Estate Agent, possesses an Associates Degree WCJC and studied Theology & Philosophy at the University of St. Thomas. She is the mother of 3 girls, and serves her community through Fort Bend Junior Service League and fundraising projects for St. Theresa Catholic School. She is a very skilled communicator, and has strong problem solving and negotiation skills. These qualities and her education make her an excellent Property Manager, and she will do what it takes to ensure AP Commercial, Inc. clients are happy and that properties are well taken care of.
Property Asset Management
AP Commercial provides customized services that monitors and maintains properties / assets of value to a single entity or group of properties. We use is a systematic process of operating, maintaining, upgrading, and analysis of disposing of assets cost-effectively. Our focus is in this department is a practice of managing assets to achieve the greatest return by using our specialized process of monitoring and maintaining facilities systems, with the objective of providing the best possible service to the Tenants.
Commercial Property Management
Our keen knowledge of cost containment allows further value creation through reduced operating expenses. Our portfolio bidding allows us to further reduce operating expenses in the specific categories of insurance and utilities. By bidding as a portfolio insurance, we have been able to achieve savings of 25-30% versus individual property policies. As for utilities, we are able to achieve savings in excess of 30% due to our expertise in the products offered in Texas’ deregulated energy market. By educating ourselves to the vast array of products, services and providers, we ensure the most cost effective plan is placed.
Whether it's a heat rate, MCPE or fixed rate product, depends on both current and future market conditions. An in depth analysis, including ancillary charges and term length, is performed so we may contract for the most economic terms possible.
By managing our energy contracts, we have outperformed our competition in disastrous situations such as Hurricanes Katrina and Rita (where the supply of natural gas was interrupted), and through the regional issues of line congestion and transmittal.
We are also well aware of the impact higher appraised property value has on the bottom line. Since Texas is a non-disclosure state, every effort is made to reduce value, thereby reducing tax outlays. Analysis is performed in each step of the appraisal process, from the initial protest, to the informal hearings, to the review board determination and finally to the lawsuit stage, our clients are provided the details to make the most informative decision for their asset.
Insurance, energy and property taxes are certainly the "big three" when it comes to operating expenses, but make no mistake, we do not limit our efforts on reducing expenses of just these categories. Our comprehensive review of all expenses, and our annual bidding of all contracts, coupled with the bidding of unanticipated repair, maintenance and capital costs, allows for the most economical management of any asset.
We strive to drive strong rental rates and while reducing vacancy and believe this is essential to any successful commercial real estate property. AP Commercial, Inc. maintains leasing and brokerage services in house and maintains strong partnerships with other area brokerage companies. We handle all marketing for our commercial leasing, property tours, lease negotiations, prospective tenant relations, and retail cultivation. We work hard to build and maintain a strong relationship from first impression through tenancy. That means regular communication, a collaborative approach to negotiations, attentive property management, and collective investment of time and resources.
Thank you for your interest in AP Commercial, Inc.
We have been helping our clients with their retail, medical, office, and industrial properties for more than twenty years.
Call us today at 713-400-6300
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