In February 2000 John and Evelyn Redden formed Devonshire Real Estate and Asset Management. The company was born through the dissolution of Hartex Property Group, a Dallas based multi-family acquisition and management company, in which Mr. Redden was the President. Devonshire brought together the key employees from Hartex Property Group in the knowledge that their proven performance would be invaluable to the success of Devonshire.
The basis for Devonshire arose from the experience and success that was achieved at Hartex Property Group. During Mr. Reddens’ tenure as President of Hartex, the company grew from 8 properties to over 40 properties, which comprised more than 12,000 multi-family units. During his five years with Hartex, the company received several national recognitions including top ratings in INC magazine’s “500 fastest growing companies in America” three years in a row. Devonshire continues to reap the benefits of this experience in addition to maintaining a talented and proven management team.
Devonshire Real Estate and Asset Management focuses on multi-family and commercial asset management bringing a high degree of expertise to the industry. Devonshire currently manages over 8,500 multi-family units located in Dallas/Ft. Worth, Houston, Waco and Abilene.
The property management and operations side of Devonshire is structured to provide on-site property managers with experienced and knowledgeable supervision on a day-to-day basis. Programs are in place for asset maintenance, daily operations and continued training at all levels to assure the property owners the highest level of property management and operations available.
Continuous training, in the areas of leasing and marketing, insures that properties will perform at optimum levels. State of the art technology is incorporated into the overall scope of operations for each property to provide comprehensive monthly financial reports including the balance sheet, operating statements and a complete narrative of the month’s activity. With this close attention to detail our clients can be assured the overall image projected by their properties will be conducive to long term asset appreciation.
Devonshire currently handles a number of multi-family properties that are encumbered by tax credits and AHDP. We are very familiar with each of these programs and provide the additional attention required to comply with these programs. Our on-site experience, coupled with the utilization of a compliance director, assures our clients that all aspects of the program will be in compliance.