Modern Home Builder - Fall 2017 - 98
Golden Bee Properties
Golden Bee Properties is tackling new
projects in the Los Angeles area. BY KAT ZEMAN
Marty Berneman lives in a world where science and art
With a recent large increase in sales, Golden Bee expects to develop 500 residential units per
year within the next three years.
" The layout and flow are the most
important. If you get that right,
everything else is gravy.
MARTY BERNEMAN, VP OF
CONSTRUCTION AND DESIGN
break even. As vice president of construction and design at Los Angeles-based Golden Bee Properties, his world revolves around the
two subjects - though his intense dedication to design is obvious.
"I think design is the hidden gem of it all," he says. "To me, the
layout and flow are the most important. If you get that right, everything else is gravy."
Golden Bee is a full-service real estate investment, development
and asset management firm. It works with global clients to invest
in distressed and value-add residential and commercial properties
in the Los Angeles and Las Vegas markets.
The company focuses on multifamily and single-family housing.
It often rehabilitates its assets for long-term income capitalization
or immediate resale. The company is vertically integrated with inhouse abilities to acquire properties, construct and maintain properties and manage backend asset management functions.
It has a fully integrated management team dedicated to day-today asset management, a construction team that handles most of
the cosmetic renovations and an accounting staff that oversees its
highly technical property management software. "We have a diverse portfolio and we do a lot of stuff in-house," Berneman says.
"I think that makes us different from other companies."
By managing its own portfolio of multifamily properties inhouse, Golden Bee controls renovation costs and operating expenses, driving rents and ultimately optimizing net operating
income and the value of the real estate. The company says it has
roughly $50 million of real estate under management and plans to
grow by adding more off-market properties to its portfolio.
ON THE HORIZON
GOLDEN BEE PROPERTIES
www.goldenbeeproperties.com / Headquarters: Los
Angeles / Specialty: Single and multifamily housing
www.mhb-magazine.com Fall 2017
Two years ago, Golden Bee began entitling and designing 70 new
small-lot homes in the Los Angeles area. Thirty-seven are under
construction. The homes resemble three-story townhouses with
roof decks. However, they are unique in the sense that, unlike classic townhomes, they have between eight inches and one foot of
space between them. "Each one is separate and has its own property line," Berneman says. "So you don't have sound transference
between the homes."