LOS ANGELES--(BUSINESS WIRE)--Miracle Mile Co., a leading real estate investment and management firm with its corporate office located in Los Angeles and strategic satellite offices in New York and Salt Lake City, is excited to announce its re-entry into third-party property management and asset management services, targeting Southern California, the New York Tri-State area, and Mountain West markets. Following a hiatus from third-party management in 2016 to concentrate on asset managing its own properties, the firm is now poised to bring its refined expertise to a select group of clients across these dynamic regions. Led by Managing Partner Charlie Krause, a seasoned real estate veteran with over $1 billion in transactional experience and over 25 years of experience in property management and asset management working with institutional partners and family offices, Miracle Mile Co. will apply stringent onboarding criteria to ensure alignment with its high standards.
Charlie Krause, who has managed and operated over 12,000 units nationwide, brings a wealth of knowledge to this strategic expansion. His extensive background includes executing over $100 million in capital expenditure programs—spanning gut renovations, condo conversions, and ground-up development—alongside deep expertise in institutional multifamily management and complex business plan execution. After nearly a decade of focusing inward on optimizing Miracle Mile Co.’s own portfolio, Krause and his team are eager to re-engage with third-party clients, leveraging lessons learned to deliver exceptional value. Miracle Mile Co. will now offer that unique skillset, honed over 25 years working with institutional partners and family offices, to select operational partners.
“Southern California, the New York Tri-State, and Mountain West markets each offer unique opportunities for investors, but they demand precision and a tailored approach,” said Charlie Krause. “After honing our skills managing our own assets in these markets, we’re thrilled to re-enter the third-party space. We’ll be selective in our partnerships, working only with clients who share our vision for maximizing property value and operational excellence.”
Miracle Mile Co.’s expanded services will include:
Property Management: Comprehensive oversight of day-to-day operations, tenant relations, leasing, and maintenance, designed to optimize occupancy and cash flow.
Asset Management: Strategic planning, capital market navigation, and execution of value-add initiatives to enhance long-term asset performance.
Repositioning and Marketing Strategies: Tailored plans to enhance property value and market presence through innovative positioning and targeted marketing efforts.
Consulting and Advisory Services: Expert guidance for investors, operators, and management companies, leveraging decades of experience to optimize performance and strategic outcomes.
The firm’s selective onboarding process will prioritize operational partners whose properties and goals complement Miracle Mile Co.’s proven strategies. Krause’s entrepreneurial background—highlighted by his successful co-founding and exit of a prop-tech company sold to the Daily Mail in 2015—further equips the firm to integrate innovative solutions into its management practices.
With its corporate office in Los Angeles and satellite offices in New York and Salt Lake City, Miracle Mile Co. is well-positioned to serve clients across Southern California, from San Diego to Santa Barbara; the New York Tri-State area, including New York City, Northern New Jersey, and Connecticut; and Mountain West markets, such as Utah, Nevada, Arizona, Colorado, Montana and Idaho. This re-entry into third-party services reflects the firm’s renewed commitment to driving superior outcomes for a curated clientele.
For more information about Miracle Mile Co.’s third-party property and asset management services, or to inquire about partnership opportunities, please contact charlie@miraclemileco.com or visit www.miraclemileco.com
About Miracle Mile Co.
Miracle Mile Co. is a real estate investment and management firm with its corporate office in Los Angeles and strategic satellite offices in New York and Salt Lake City. Led by Managing Partner Charlie Krause, the company combines decades of industry experience with a selective, client-centric approach to achieve exceptional results in competitive markets.
