Bernard/Allison Management Services, Inc. was established in 1984 after the sale of the remaining 5,300 apartments owned by W.R. Schulz Apartments to the Hall Real Estate Group.

 

Kim Bernard was a stockholder and partner with W.R. Schulz Apartments for 13 years.  He was Executive Vice President and General Manager for six years.  His background includes experience in construction, remodeling, finance and property operations.  He has served as President of the Arizona Multihousing Association and was Chairman of the Arizona Multihousing Association political action committee.  Kim holds an Industrial Engineering degree from the University of Utah , an MBA from Arizona State University and is a Certified Property Manager.

 

While Kim was employed at W.R. Schulz Apartments, he focused on being sensitive to market conditions and concentrated on developing the ability to create optimum marketing strategies which enabled the apartment sites to continually out-perform the competition, especially during difficult times.  By caring and being concerned about customers, Kim established an outstanding reputation among apartment renters and within the business community.  This experience translated into higher occupancies and larger net cash flows than other properties were averaging in the marketplace.

 

In 1986, Vicki Allison joined Bernard/Allison as Financial Vice-President after selling her accounting practice to a regional CPA firm.  Her firm had a client base of over 500 individuals, partnerships and corporations and specialized in real estate and professional corporations with extensive emphasis on tax matters.  Her experience in tax analysis, cash flow projections, managerial accounting, computerized accounting and financial applications has greatly added to the capabilities of Bernard/Allison.  In 1988, she became the Administrative Vice-President responsible for personnel, marketing, training, site administration, purchasing, property insurance and home office management.   In 1990, she was promoted to General Manager responsible for supervising the District Managers, Property Supervisors and administrative and accounting functions.  She is a Certified Public Accountant, holds an Arizona Real Estate Brokers License and is a Certified Property Manager.  Currently, Vicki is responsible for Bernard/Allison Realty Group which is the firm’s apartment condominium conversion company.

 

From the beginning, Bernard/Allison grew by attracting primarily fee management business. Bernard/Allison now operates over 20,000 apartments located in Metro Phoenix, Tucson, Albuquerque, Dallas and Memphis for a wide array of owners, including individual entrepreneurs, banks, life insurance companies, institutions, bankruptcy courts, TICs and syndications.

 

Kim Bernard and Vicki Allison have managed the site selection, design and construction, eventual rent-up and sale of over 10,000 apartments as well as more than 17,000 apartments that were purchased, renovated, operated and then sold.   Their success is summarized on the graphs included in Section III which describe their rent-up performance and occupancy performance on several of the properties they now manage or have recently managed.