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July 9,2015
To whom it may concern;
My name is Kevin Morady, manager of Plaza Matrix LLC.We own multiple retail centers is Southern
California and Arizona. Mr. Tom Worth is presently managing our retail center in Vista, CA .
Since we are based in Los Angeles, we do value having a representative with local experience,
management expertise and responsive to us. Majority of our tenants are small business owners. They
need to know that we care abouttheir wellbeing (lnd financial viability. Therefore, any issues which
impedes their daily business are handledimmeqiately.,In turn, we expect tenants to be timely with the!r
rent payment and respect bur guidelines. Tom has been a key factor in enfo~rcingthis policy but he also
possess a proactive attitude managing daily issues particular toour center.
He has been instrumental in handling tenant issues such as: reducing noise level, vandalism to shared
Mail boxes, issues related to TI for new tenants; suggesting contractors & vendors to conduct
improvements to the center and overseeing those projeCts. He has also assisted some tenants with
marketing and advertising to grow their sales.
We have meetings regularly and generally review monthly financials, projects pending and projects
completed.
Overall, we have a satisfactory business relationshipiNith Worth Property Management and do
recommend their services to other property owners. ~
July 8, 2015
Mr. Thomas Worth Worth Property Management 3508 Seagate Way, Suite 150 Oceanside, CA 92056
Re: Letter of Recommendation
To Whom It May Concern,
Rockefeller Group Development Corporation (RGDC) is an 80 year old private company deploying internal equity for ground-up development of signature office and industrial real estate for our own account and for private sector and public sector clients nationwide.
Headquartered in New York, RGDC has four U.S. regional offices and broad regional networks of long-standing strategic industry alliances nationwide. RGDC employs over 400 professionals in all aspects of real estate development and investment. RGDC operates within both sole source and joint venture platforms, generally with no financing contingency.
Seven years ago, The Rockefeller Group hired Tom Worth to manage our company-owned buildings/units and the Owner's Association at Seagate Corporate Center (SCC), Oceanside, CA. SCC is a complex project comprised of essentially three (3) parts:
1. Master Association for a 26.5 acre industrial subdivision (2 cost pools)
2. Owner's Association comprised of 205,000 SF mixed-use, multi-tenant industrial andoffice buildings (3 cost pools)
3. Leased product totaling 121,000 SF occupied by 39 tenants in multi-tenant industrialand office space
Tom’s management and accounting teams have performed impressively on Seagate Corporate Center. Having Tom's accountants and management professionals at the same San Diego office has resulted in efficiencies as well as reliably good communication and problem solving.
The management team has worked effectively with our legal, asset management, and accounting professionals; to reformulate and improve the consistency between our cost pools and budgets. Recently Tom’s skilled accounts and managers worked with our New York home office accounting group to create new account codes for each cost pool to facilitate year-end "true up" reconciliations.
Tom helps us optimize occupancy by maintaining a highly effective working relationship with our brokerage team, assisting in negotiations, and following-up from construction through move-in. This entails coordinating the efforts of the brokers, attorney, contractor and tenant.
Rockefeller Group Development Corporation 4 Park Plaza, Suite 840 Irvine CA 92614 949-468-1800
Tom also coordinates lease renewals and expansions through our brokers, insuring optimal tenant retention and revenue.
We have also insured SCC through Worth Property Management "Umbrella Policy" providing us better coverage at a substantially reduced cost. This has been a real benefit to working with Worth Property Management. In my role as Rockefeller Group National Accounts Manager, it has been a pleasure working with Tom’s entire team of professionals. I would highly recommend Worth Property Management to other owners desiring reliable, dependable, professional commercial property management throughout San Diego County. Please feel free to contact me at 949-468-1800 with any questions you may have.
Sincerely,
Tom McCormick, SIOR, FRICS Senior Vice President National Corporate Accounts Rockefeller Group Development Corporation
Rockefeller Group Development Corporation 4 Park Plaza, Suite 840 Irvine CA 92614 949-468-1800
訂LPL Financial
J皿e 25, 2015
Thomas Trax, CEPlご
CA l[Su「∂nCe #0829479
2221 Camino Del Rio S.#307
San Diego, CA92108
619,462,3400 0箱ce
619.462.3410 Fax
888.71 0.3400 7t)// Free
thomas.t「ax@恒l.com
WWW.thomast「ax.com
To whom it may concem,
Thank you for the oppo血mity to write this letter of recommendation and endorsement of Worth
Property Management. In managmg Our large commercial property here in Mission Va11ey, Tom
Worth has always demonstrated professionalism and integrity. Tom is competent, honest, and
made every effort to keep costs at a minimun. Most importantly, When things have gone wrong,
Tom has handled the srfuation in a timely and satisfactory mamer. Tom’s advice to the Board
has always been excellent and reflects his extensive knowledge of Association management and
real estate in general.
We interviewed management companies and decided on Tom Worth. We were apprehensive
about making the change, but the transition was smooth and the positive change in management
responsiveness, PrOblem resolution and plaming were immediately evident・ Now that we are 7
months into Tom managing the prQject, We reCeive compliments from the owners and everyone
appreciates all the accomplishmen[s. The m劉Or PrQject was the complete retrofit and rebuild of
Our Central plant cooling towers and boilers.
We have been thoroughly pleased with Tom Worth, Worth Property Management, and are
grateful to our HOA attomey in their recommendation to consider Tom as our manager. Tom ishead and shoulders above our past two management companies.
We have no doubt future clients will be similarly pleased with his professional management
SerVICeS.
San Diego, CA 92108
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