Property Management

Based in Michigan, jbd Property Management is a national company specializing in a diversified portfolio of real estate that includes medical, office, industrial and Properties. Since its founding in 1996, the firm has consistently created records profits for our partners and investors.

For nearly 27 years, jbd Property Management has been providing investors and commercial tenants with premium real estate investment opportunities and property management services.  We are a hands-on firm offering a comprehensive set of expertise in land acquisition, financing, competitive bidding and leasing functionality. We oversee all architectural, engineering, design, and construction, as wells as property management responsibilities.

Our philosophy is simple: Turn under-performing real estate assets into value-add investment opportunities through strategic development and personalized client attention. Our team of seasoned professionals is recognized across a vast network of brokers and financial institutions for creating value and providing unparalleled work environments for our tenants.

At jbd, we take great pride in developing properties that increase in value and add prestige to their communities.

Whole Foods Kentwood MI

An Example Of What We Do

In 2018, we acquired a defaulted mortgage for an underperforming 47,000 square-foot retail center in the Grand Rapids area. In particular, the center is located directly across from Woodland Mall – the area’s super regional Mall. The center was 24% occupied with several undesirable small shop tenants and a Guitar Center store whose lease was maturing imminently.

In 2020, we secured a long-term lease with Whole Foods Market – but only to the extent several conditions were met. First, because our center is part of a larger shopping center comprised of three additional contiguous, big box users with separate owners, Whole Foods required us to get all adjacent property owners to agree to a consistent new façade for the entire center. Second, we had to terminate, buyout and relocate remaining small shop tenants so the center could be expanded to accommodate the new 45,400 square-foot Whole Foods store. Third, we had to acquire easement rights for small out parcel buildings blocking the view of the new grocer. This entailed knocking down such buildings to improve the view. Finally, we negotiated a new long-term lease with Guitar Center following their emergence from bankruptcy.

 In the end, this center is completely renovated with long-term leases with two great, national tenants. In 2022, we sold Guitar Center at a record-breaking cap rate! We remain the owners of the Whole Foods store.