The Tribune

The BISX-listed Bahamas Property Fund has brought its management, advisory and leasing functions in-house with effect from New Year’s Day via a new executive structure.

These services had been provided by Morley Realty since the fund’s creation in the late 1990s, but will now be offered through its newly-hired senior property manager, Marcus Moss.

“The insourcing of these various functions will ensure that the fund’s staff are dedicated to providing all of the necessary services for the fund’s buildings, including the leasing of vacant space in two of the buildings,” said Michael Anderson, its chairman.

He added that the management shake-up will enable the Fund to focus on creating superior tenant experiences, while adding additional amenities to its three existing buildings and reducing tenant occupancy costs.

This task has been handed to Mr Moss, who has been hired to provide property management and leasing services - something he has done for other commercial properties in The Bahamas.

O’Neil Ellis, who has provided property management services for the Fund’s three buildings for the past nine years, will continue in his role as property manager while assisting Mr Moss with leasing and other matters.

“Insourcing the property management and leasing services will facilitate greater attention to the leasing of vacant space,” Mr Moss said, “as well as improving the efficiency of the property management process.”

He added that having an internal team dedicated to these functions should increase the speed at which issues are addressed while helping to meet tenant expectations.

The Bahamas Property Fund currently owns three buildings - the Bahamas Financial Centre in downtown Nassau; Paradise Island’s One Marina Drive; and Providence House on East Hill Street.