Martek has evolved over time with a special focus on commercial investment, real estate asset management, sales, leasing and consultancy. Initially created as a residential leasing, management and sales company, with a focus on residential multi-unit buildings, Martek has grown to the extent that today, it is the largest, most prominent local management company operating in Newfoundland, in this field.
In January, 1995, Martek Incorporated merged with its partner company, Morgan Finch Associates Limited. Morgan Finch had, since 1991, developed a strong reputation in leasing, management and sales of commercial and industrial real estate. Having commonality of ownership, it was decided to combine the staff and synergy of both companies into a single entity, Martek Morgan Finch Incorporated. In May, 2000, Martek again merged the operations of Oxford Atlantic with its existing team. This furthered the base of expertise with the addition of four key Oxford personnel. Today, it actively manages in excess of $200 Million in real estate holdings within the Newfoundland market. It is highly active in the sale and leasing of investment grade real estate assets and provides a consultancy service both in and out of the Atlantic Canada region.
When it comes to property management, Martek has, as its mandate, the provision of total quality services to all stakeholders in its rental management portfolio - including owners, mortgage holders, tenants and suppliers. Having applied this objective continuously throughout its history, Martek has emerged as the pre-eminent manager of real estate assets in the City of St. John's.
Martek applies a unique approach to marketing which sets its property management practices ahead of industry standards. Most firms managing multiple properties keep all aspects of their projects separate and distinct. While such an approach is critical for revenue and expenditures, there are many lost benefits from maintaining a separate approach for each property. Martek ensures that its clients reap these benefits without sacrificing project integrity. Whether by obtaining cost-efficiency through bulk-purchase discounts or by the integration of management personnel across projects, it has established a unique management approach which consolidates all buildings within its portfolio, both multi-unit residential and commercial, providing much more positive results for tenants, owners and all stakeholders. This cohesiveness evolves and develops through frequent managers' meetings. As a result, Martek now operates from the collective strength of its staff and suppliers rather than the individuality of its principals.
Martek, through the combined sales acumen of its principals, holds the highest success record in the City of St. John's for the listing/selling of apartment-style, multi-unit buildings. Given its long history in commercial real estate, its expertise is unparalleled in the St. John's real estate market.