Productive Property Management, Inc. was formed in 1984, as a full service property management and consulting firm during the largest financial scandal ever effecting commercial real estate in U.S. history; the Savings and Loan Crisis and the insolvency of the FSLIC. Pauline Thude and Betty Wallace embarked on an insatiable industry need providing ethical, reliable and skilled property operations and consulting services. During the first decade, Productive's portfolio included all genres of commercial real estate and spanned multiple states throughout the country.
By 1993 Meridian Investment Realty was formed offering brokerage and advisory services to Productive's existing client base, later launching full service acquisitions and disposition to internal and external clients and partners both domestic and foreign.
Our companies operate and broker all types of commercial real estate; however, our portfolio has been predominately multifamily. Both partners hold the Institute of Real Estate Management's CPM designation, and Pauline Thude is a licensed real estate broker in the state of Texas. Additionally, Productive Property Management is a certified HUD operator with experience in the operations of LIHTC and Affordable Housing programs and market rate properties. Additionally, we have extensive experience in the repositioning and stabilizing properties not meeting their potential.
More recently, our industry knowledge and experience have led us into sponsorship and joint ventures opportunities, further ensuring investors success of each asset as goals are equally aligned. In addition to asset operations and brokering we’ve established independent management firms for individual owners or investors lacking the skills or experience to operate their own portfolios.
Our greatest accomplishment is the continued pursuit of improving quality of life for all those we are fortunate to encounter. People, not property are our greatest assets and this principal mindset is where we find our success.
Affliliations include I.R.E.M., NAA, TAA, NAR, HAA, NMHA, and CREW, along with other local and state affiliations while actively working in those cities and states.