Wells Asset Management is a privately held, Dallas-based asset management company that specializes in multifamily and commercial real estate management. We also provide brokerage and financing services. Mike A. Wells, CCIM, CPM®, President, formed Wells Asset Management, Inc, a Texas Corporation, formed in 1990, originally began as Wells Management company in 1982.
Wells Asset has managed over 15,000 units and maintains approximately 5000 multifamily units along with over 200,000 square feet of commercial properties. Wells will set up each property with a staff that will aggressively market each property to reach and maintain higher than market rental rates & occupancy.
Wells Asset Management will handle your full range of property management & asset management. Wells has set up a team of takeover specialists that has proven itself to take over an underperforming property in a days notice. This team has recently taken several properties that increased income 40% in less than a year. Corporate memberships include the: National and Texas Apartment Association-NAA,TAA, Institute of Real Estate Management-IREM, North Texas Commercial Association-NTCAR of Realtors, Mortgage Bankers Association of America-MBA, and CCIM.
Our Financing division can arrange your long or short term fixed rate financing, bridge loans along with equity and joint ventures.
Our Brokerage team can handle acquisitions and dispositions of your multifamily or commercial properties.
Mike Wells, CCIM, CPM®, President and Founder of Wells Asset Management, Inc., has 30 years of real estate experience. Mr. Wells has extensive experience in Real Estate Management, Asset Management, Acquisition, Disposition, Brokerage and financing. He has been involved in the brokerage and financing of a half billion dollars in investment real estate, consisting of multi-family, retail, and office assets. Mike Wells attended the Institute of Real Estate Management (IREM) is a licensed broker by the Texas Real Estate Commission (TREC), and has completed all requirements for the Certified Property Manager (CPM®). Mike has also been awarded the Certified Commercial Investment Member, (CCIM) designation by the CCIM Institute.
Wayne Munsterman, CPM®, Vice President, has been with Wells for over 30 years and oversees all the day-to-day operations on the multifamily property management side of the operation as well as client relations. In addition to the corporate staff, Mr. Munsterman manages and directs all the on-site community employees at the properties who run the client-based facilities. Wayne attended the Institute of Real Estate Management (IREM) is a licensed broker by the Texas Real Estate Commission (TREC), and has completed all requirements for the Certified Property Manager (CPM®).
Principal, Brokerage and Financing
Robert Aiello, Vice President and Principal, manages the Brokerage as well as the Financing department for Wells Asset Management, Inc. Mr. Aiello has worked with Midland Loan Services, Inland Capital and Wells Fargo as Court Appointed Receiver on multifamily assets. Mr. Aiello is responsible for taking control of the asset, stabilizing through management, then disposing of the assets for the various financial institutions. Mr. Aiello, who specializes in financing commercial properties, joined Wells Asset Management in 1993 and since, has added many of the current multi-family properties to the company's portfolio. In addition to the acquisition and disposition of properties.
Robert holds the CMB certification, Certified Mortgage Banker from the Mortgage Bankers Association and is one of only 1,200 in the US.
Wells Asset Management, Inc a Texas Licensed Real Estate Broker