Asset Management

Smith/Packett’s Asset Management division initially was created to provide professional asset management services capability for the properties it owns. These services are also available to investors who prefer to use Smith/Packett’s professional asset management services to oversee their properties.

View of Roanoke Valley from Pheasant Ridge, a Smith/Packett development

The resident deck at the Village on Pheasant Ridge offers a great view of Smith/Packett’s South Peak development and the Roanoke Valley.

Smith/Packett’s main objective in providing professional asset management services is to increase property value, safeguard its investment, and keep its tenants satisfied. Smith/Packett can support commercial property owners with a comprehensive range of services that include:


Collect rents and other income from tenants, maintain tenant files, produce monthly financial statements, formulate annual budget, maintain security deposits and pay vendors, utilities and other expenses in a timely fashion.


Oversee routine maintenance and evaluate vendors, equipment and supplies to ensure the property is operating in a safe and efficient manner.

Tenant Relations

Continually and aggressively market available space. Prompt responses to tenant needs, questions, concerns and emergencies.

Rental Analysis

Provide timely updates and recommendations on rental rates, analyze market trends, and lease negotiations.

Other Services

Supervision of capital improvements and space planning consultation.