PacRim Properties comes from a long and proud real estate lineage in the state of Alaska, predating statehood. Originally created in 1947, then called Marston Real Estate, the business was made up of real estate sales and real estate management services. Brooke and Wilda Marston established Marston Real Estate and Marston Property Management. Marston Real Estate’s primary business was real estate sales while Marston Property Management focused on property management including property maintenance and repairs.
In 1982 James Kuntz was appointed General Manager of Marston Property Management, Inc. and the name was changed to DBA Marston Properties. The focus was on professional property management, homeowner’s association management and leasing. In the mid-1980s, Marston Properties was one of the leading property management companies in Alaska. Starting around 1986, Alaska experienced a severe economic and real estate recession. Marston Properties began providing property management and real estate sales services on behalf of banks and financial institutions that came into property ownership as a result of real estate loan defaults. Brooke Marston established a general contracting and maintenance company to handle weatherization and repairs on the foreclosed properties, getting them in shape for sale or auction.
Marston Properties was one of the designated area property management brokers for the Department of Housing and Urban Development. Other major clients during this time included FDIC, Fireman’s Fund, Mutual of New York and many local and state banks. The company grew in size with over 200 employees managing over 7,000 foreclosed properties throughout the state. The Association Management Department also grew during this time as some developers defaulted on entire condominium development projects.
As the real estate market began to turn around, Marston Properties retained a sales division with its property management business. In addition to providing listing and sales services to clients of Marston Properties, the company, with Brooke Marston’s leadership and Sales Manager Barbara Block’s experienced direction, provided marketing services for several new developments including Broadmoor Townhomes and Ashberry Commons.
As General Manager, James Kuntz was instrumental in providing property management education, training and mentoring to employees of Marston Properties and real estate professionals throughout Alaska. He was a part time adjunct instructor at the University of Alaska, Anchorage School of Business and an instructor for the Alaska Association of Realtors. Many former employees of Marston Properties went on to work for FDIC, AHFC, and local banks.
Mr. Kuntz and several property managers at Marston Properties provided volunteer services through the Alaska Chapter of the Institute of Real Estate Management and the local chapter of the Community Association Institute.
In mid-1997, James Kuntz and his wife purchased most of the assets of Marston Properties and established a new company, Pacific Rim Properties, Inc. The new company mission statement became “Building Value Through Service.” A new emphasis in providing professional property management services was developed including commercial property management and leasing. Increased focus was centered on homeowner’s association management. The association management department became known as one of the leaders in association management in the Anchorage area. The maintenance division was dropped several years before, with maintenance and repair services sub-contracted to independent contractors.
In 1997, the location of Pacific Rim Properties moved into new offices at 3000 C Street and later to 405 West 27th Avenue. Many of the clients
of Marston Properties, and later Pacific Rim Properties, have had a long history with the company with professional relationships spanning 20 to 30 years!
Both companies emphasized quality service, integrity and dependability. The excellent employees were the key in providing this level of service.
In 2013, the shareholders of Pacific Rim Properties, Inc. elected to sell the business to key employees, Richard Sorge and Dean DesLauriers. Richard and Dean started a new company as of January 1, 2014 called PacRim Properties, LLC