Business Details
29 Years
experience
Emergency
services
Trusted Property Management Services in Dallas, TX
Protea Real Estate was founded in Dallas, Texas in 1997 by Godfrey Traub, establishing a legacy of over 30 years in comprehensive property management. We specialize in multifamily apartment communities, retail shopping centers, office and industrial parks, and homeowner association management across the Dallas/Fort Worth Metroplex. Our team combines deep industry expertise with a proactive approach to maximize asset profitability through tailored solutions. Since 2022, Lawrence Traub has led our operations, supported by seasoned professionals with decades of collective experience. We offer end-to-end services including property acquisition guidance, due diligence, renovations, insurance negotiation, and financial reporting. Our commitment to excellence is reflected in our licensed Texas brokerage status and memberships with industry associations like AAGD, TAA, and NAA.We prioritize client partnerships through transparent communication, meticulous attention to detail, and a dedication to preserving property value. Our infrastructure supports efficient management of over 100 properties, including HOAs, commercial spaces, and industrial assets. By maintaining rigorous standards in tenant screening, lease negotiations, and maintenance oversight, we ensure long-term success for property owners. Our track record demonstrates consistent value creation, as evidenced by client case studies showing significant investment returns through strategic property upgrades and market-responsive management.
Services
Multi-Family Property Management
Retail Property Management
Office & Industrial Management
HOA Management
Real Estate Purchase
Due Diligence Services
Property Renovation
Insurance Negotiation
Accounting Services
Tax Assessment Protests
Details
- Year established: 1997
Highlights and features
- We have over 30 years of experience managing 100+ properties across DFW.
- Our team provides end-to-end due diligence and renovation supervision.
- We negotiate insurance costs and handle claims processing for clients.
- Our licensed professionals maintain memberships with AAGD, TAA, and NAA.
- We offer 24/7 emergency maintenance services for property emergencies.
Services
Multi-Family Property Management
We manage class A, B, and C apartment communities with comprehensive services including tenant screening, lease negotiations, and maintenance oversight. Our team handles payroll, insurance, and budgeting while providing monthly variance reports. With decades of experience, we ensure property value preservation through strategic renovations and upgrades.
Retail Property Management
Our retail property management includes lease renewals, expense management, and tenant coordination for shopping centers. We oversee renovations, maintain service contracts, and provide detailed financial statements. Our focus on tenant satisfaction and cost efficiency helps maximize returns for commercial property owners.
HOA Management
We provide complete HOA management services including rule enforcement, dues collection, and board collaboration. Our team handles property upgrades, vendor contracts, and financial reporting while maintaining compliance with state laws. We work closely with attorneys to resolve delinquency issues and foster community engagement.
Due Diligence Services
Our detailed due diligence process includes property inspections, lease audits, and market analysis. For multifamily properties, we create resident profiles and insurance cost assessments. Commercial clients receive CAM expense reviews and appraisal coordination to ensure informed investment decisions.
Property Renovation
We manage value-add renovations and construction projects with experienced supervisors. Our services include budget planning, contractor coordination, and quality control for property improvements. We focus on enhancing asset value through targeted upgrades that align with market demands and owner objectives.
People
Lawrence Traub
President
President of Protea Real Estate since 2022, Lawrence Traub brings extensive experience in property management and real estate operations. He has led the company's strategic growth since joining in 2011, focusing on expanding service capabilities and client relationships.
Patricia Doles
Controller
As Controller, Patricia Doles manages financial operations with expertise in real estate accounting and compliance. She oversees budgeting, financial reporting, and tax management for Protea's diverse property portfolio, ensuring fiscal integrity and transparency.
Sandra Martin
Commercial Property Manager
With 20+ years of experience, Sandra Martin specializes in commercial property management. She handles office and industrial property operations, lease negotiations, and tenant relations while maintaining Protea's high service standards for commercial clients.
Huyen Wee Reed
Team Leader
Team Leader Huyen Wee Reed coordinates property management operations with a focus on HOA management. She has developed effective community engagement strategies and maintains strong relationships with association boards since joining Protea in 1997.
Cathie Hood
Senior Vice President
Senior Vice President Cathie Hood leads Protea's multifamily division with deep expertise in apartment community management. She oversees tenant screening, staff training, and property operations, ensuring optimal performance of residential assets across the DFW region.
Questions
What types of properties do you manage?
We manage multifamily apartment communities, retail centers, office/industrial parks, and homeowner associations across Dallas/Fort Worth.
How long have you been in business?
Protea Real Estate has provided property management services since 1997, with over 30 years of combined experience among our leadership team.
What sets your property management apart?
Our comprehensive approach includes due diligence, renovations, insurance negotiation, and financial reporting with a focus on maximizing profitability.
Do you handle property tax issues?
Yes, we provide property tax assessment protests and ongoing tax management as part of our financial oversight services.
How do you handle maintenance emergencies?
We offer 24/7 emergency maintenance services with fully insured technicians for urgent property issues.
Can you assist with property purchases?
Yes, we help clients identify income-producing properties and provide financing assistance through our industry connections.
