News

Leading broker Mario Carey triples Property Management Division, adds Commercial Management

Published

7 years ago

December 14, 2016

Nassau, Bahamas, December 14, 2016 – Carey: ‘Having someone else manage your property is a great anti-stress measure and frees the owner up to spend time in more valuable ways’

Declaring that the purchase of a property should not be the end of a relationship with a real estate company, but the start of a new chapter, leading broker Mario Carey announced this week that he has launched a full-fledged property management division that includes commercial property management. The move is a four-fold expansion of a residential property management company launched in 2013 and headed by Tina Bain.

The new four-person team of experts backed by office support staff includes Bain, the managing director who holds a degree in real estate and has been managing several vacation properties, two men with property design, construction and management expertise, and an administrator who handles the accounting and financial management of the new division.

“This was the last piece of the real estate business puzzle,” said Carey. “We had been considering it for some time but I just wanted to wait until we could get it exactly right and that meant assembling a strong, solid team. I believe that we now have done so.”

That team includes Bain, Holger Amman and Livingston Brown in addition to administration. “Each brings a unique talent and skill and together we are talking about well more than half a century of expertise,” Carey said.

Tina Bain, who is multi-lingual and holds a degree in real estate, developed and continues to grow the luxury vacation rental business. She maintains the properties she relies on for the ultra-luxury holiday experiences.

Amman coupled a career in the hospitality industry with construction and maintenance. He has designed two commercial and two residential buildings which he owned, working with architects, drawing up plans, organizing building materials, supervising construction from the ground up, often physically working along with others. Later, after each of the buildings was leased, he continued to maintain them. Livingston Brown has more than 10 years in the hospitality field and holds a CIPM Accreditation (Certified International Project Manager) and CPRM Accreditation (Certified Project Risk Manager). The office administrator has been tasked with related financial and accounting processes. All team members are also responsible for negotiating the best terms for clients with sub-contractors, suppliers and vendors.

“Looking toward the future, I believe professional property management with highly personalized service will be one of the most important benefits a full-services real estate firm can provide because the single most valuable resource in the world, the only resource that can never be renewed or replaced, is time. And retaining professionals to manage property relieves the homeowner or business owner of so many burdens, freeing them to do other things. It saves time, headache, and brings knowledge and expertise to the job. In a world filled with stress, having someone else manage your property is a great anti-stress measure.”

The property management division falls under the MCR Group umbrella which includes appraisals, residential, commercial and industrial leasing and short term luxury vacation rentals. Real estate listings are handled under Carey’s Better Homes & Gardens Real Estate franchise, a brand that reaches 40 million homes a week across North America.

Carey, who has handled nearly $2 billion in transactions in a 30+ year career and holds the highest certification in luxury property marketing, is among the fewer than 1% of practicing industry professionals who earned a college degree in real estate. He continues to specialize in complex appraisals. Since opening his own firm in 2008, he’s taken on numerous agents with foreign language capability, recognized the power of the Asian market early on, supported a Bahamian college student in China who now works with the firm. In 2014, Carey introduced the high-end holiday rental division. From month-long tutorials and webinars to creating an office where millennials mix with seasoned experts, there is hardly a business improvement tool Carey had not studied nor a corner of the real estate market he had not covered – except property management.

“We are excited about the introduction a professional property management division,” said Carey. “It is important for our current and future clients to appreciate that for their own happiness and well-being that someone else can look after their property so that they own their home or business premises, they do not need to let that home or business own them. We would hope that the closing of a transaction is just the start of an ongoing relationship.”

#MagneticMediaNews

News

Subject identified

Published

1 day ago

May 18, 2024

Deandrea Hamilton

SERVICE WITH PRIDE AND INTEGRITY

***MEDIA RELEASE***

May 18^th, 2024.

Following a police shooting incident on May 14th, the Royal Turks and Caicos Islands Police Force (RTCIPF) is now able to name the deceased male subject, with the permission of the family.

The Serious Crime Unit contacted the relatives of the deceased, and formal identification has taken place, with the subject being identified as 14-year-old Antorens Dorcely, also known locally as ‘Toto’.

During this challenging time, the RTCIPF also expressed its deepest condolences to the deceased’s family, and the force will continue to offer support through our Family Liaison Officer.

In light of this incident, the RTCIPF is urging the public to show respect and sensitivity towards the grieving family by refraining from sharing any footage of the deceased on social media.

Sharing such material can cause additional distress and harm. We emphasize the importance of empathy and respect for the family’s privacy as they navigate their grief. The death of any young person is a loss to the TCI.

The RTCIPF is committed and dedicated to conducting a thorough investigation and ensuring that all aspects of the incident are carefully examined and the findings are communicated transparently to the public.

A request has been made to an external police force to conduct a review of the incident. This is a routine procedure and intended to ensure an independent and objective review of the facts. The community’s cooperation and respect during this time are essential. The RTCIPF assures the public that we remain dedicated to upholding justice and accountability.

News

InvestTCI facilitates the Development Agreement Between TCIG and Molo Hotel Group

Published

5 days ago

May 14, 2024

Deandrea Hamilton

Providenciales, Turks and Caicos Islands – May 14th, 2024 – The Turks and Caicos Islands Government and Molo Hotel Group reached a pivotal juncture on Monday, May 13th, 2024, with the ceremonial signing of a development agreement at the Premier’s Office on Providenciales. The agreement, which received official Cabinet approval on March 13th, 2024, signifies a steadfast commitment to advancing the economic landscape of the Turks and Caicos Islands.

Molo Hotel Group is a family-owned business, renowned for its distinguished portfolio of high-quality hotels worldwide. The development initiative encompasses the construction of three distinct IHG branded hotels: InterContinental Turks and Caicos, Kimpton Turks and Caicos and Hotel Indigo Turks and Caicos. Scheduled for completion by 2027, each resort boasts a distinctive design from luxury to laidback sophistication spanning across the shores of Grace Bay Beach.

Kimpton Turks and Caicos – an epitome of luxury lifestyle living, will feature 192 guest rooms including three outdoor pools, a luxury spa and a fitness center. Additionally, seven dining options ranging from a beachfront restaurant to a rooftop bar.

Adjacent to the Kimpton, InterContinental Turks and Caicos will offer 59 classic luxury suites with panoramic ocean views. Mirroring its counterpart, this resort will offer an array of dining options and upscale facilities.

Steps away from the Intercontinental and Kimpton resorts, Hotel Indigo Turks and Caicos will embrace a sense of community and contemporary elegance, offering 56 bedrooms. The resort will feature an onsite restaurant, lobby bar, outdoor pool, and fitness room.

Beyond the realm of hospitality, this development agreement underscores the government’s commitment to fostering economic growth and enhancing employment opportunities in the Turks and Caicos Islands. Molo is partnering with the Turks and Caicos Islands Community College (TCICC) to actively promote hospitality as a career choice and support in developing training programs, career fairs, seminars, workshops, and events to raise awareness about hospitality careers. Molo has committed to provide employment and apprentice opportunities to TCICC students and provide mentoring and practical on property training to students.

The signing event was graced by Hon. Charles Washington Missick, Premier of the Turks and Caicos Islands, Hon. Jamell Robinson, Deputy Premier, Hon. Kyle Knowles, Minister of Public Safety and Utilities, Hon. Rachel Taylor, Minister of Education, Youth, Sports and Culture, Łukasz and Marcin Slominski, Owners of Molo, Ross Morrow, Managing Director Molo, Arik Kono, Vice President Upscale Development for IHG, Dr. Candice Williams, President and CEO of the Turks and Caicos Islands Community College, Angela Musgrove, InvestTCI CEO, Dr. Barbara Ambrister, Chairperson of the Turks and Caicos Islands Community College, Dr. Delores Stapleton- Harris, Vice President of Academic, Vocational and Student Affairs for the Turks and Caicos Islands Community College, Mr. Kevin Baxter, Dean of Technical Vocational Education Training (TVET) and Sheryl McLaughlin, InvestTCI Investment Services Executive.

Commenting on the development agreement, Premier, Hon. Misick, stated “The Memorandum of Understanding (MOU) signing of IHG/Molo Hotels is a significant step towards a sustainable future for hospitality in the Turks and Caicos Islands. Three hotels, Kimpton, Intercontinental, and Hotel Indigo, will be introduced, enhancing our tourism product and creating employment opportunities.”

He further added, “Partnerships with the Turks and Caicos Islands Community College and Turks and Caicos Islands Sports Commission are underway, demonstrating the Government’s commitment to developing human capital and elevating tourism offerings. This project will bring economic growth, embrace local talent, and enrich our economy.”

Additionally, Mrs. Angela Musgrove, CEO of Invest Turks and Caicos Islands, emphasized “This collaboration confirms our commitment to fostering economic growth and prosperity within our country. We have worked closely with Molo Hotel Group, and we are confident that this transformative project will further position the Turks and Caicos Islands as a premier destination for travel and investment. Much to our delight, it will also provide opportunities for engagement with our Community College and small business community.”

The Government of the Turks and Caicos Islands, operating through its primary Investment Promotion

Agency, Invest Turks and Caicos Islands, remains committed to attracting and facilitating Foreign Direct Investments to the country by providing a comprehensive suite of services. Through strategic initiatives and targeted promotion, the agency catalyzes sustainable development, driving innovation and small business opportunities across various sectors of the economy.

Crime

Male Charged with Robbery

Published

6 days ago

May 13, 2024

Deandrea Hamilton

#TurksandCaicos, May 13, 2024 – Detectives of the Serious Crime Unit of the Royal Turks and Caicos Islands Police Force have charged a man who allegedly stole a vehicle.