Business Details
29 Years
experience
Emergency
services
Your Trusted Property Management Partner in Dallas, TX
Protea Real Estate was founded in Dallas, Texas in 1997 by the late Godfrey Traub. With over 30 years of combined experience, we specialize in managing multifamily apartment communities, retail shopping centers, office and industrial parks, and homeowner associations. Our team provides turnkey solutions including property inspections, due diligence, renovations, insurance claims management, and accounting services. As a licensed Texas broker and member of the Apartment Association of Greater Dallas, Texas Apartment Association, and National Apartment Association, we prioritize integrity and transparency in all our operations.Since July 2022, the company has been led by President Lawrence Traub, who brings extensive industry expertise and a commitment to maximizing asset profitability. Our mission is to deliver exceptional service at a fair price while maintaining the highest standards of professionalism and client satisfaction.
Services
Multi-Family Property Management
Retail Property Management
Homeowner Association Management
Office and Industrial Property Management
Real Estate Purchase/Negotiation
Due Diligence
Property Renovation
Insurance Claim Handling
Accounting Services
Property Tax Assessment
Details
- Year established: 1997
Highlights and features
- We offer over 30 years of property management experience in Dallas/Fort Worth.
- Our team provides turnkey solutions from due diligence to property renovations.
- We are licensed Texas brokers with industry-leading professional affiliations.
- Our due diligence process includes detailed property inspections and budget forecasts.
- We specialize in maximizing profitability for multifamily, retail, and industrial properties.
Associations and certifications
- Apartment Association of Greater Dallas
- Texas Apartment Association
- National Apartment Association
Services
Multi-Family Property Management
We manage multifamily apartment communities with expertise in lease audits, resident profiling, and property inspections. Our services include budget forecasting, insurance cost analysis, and value-add renovations to maximize returns for property owners.
Homeowner Association Management
Our HOA management services ensure compliance with city ordinances and state laws while maintaining property standards. We handle common area maintenance, shared expense reviews, and tax protests to protect community interests.
Due Diligence
We conduct detailed due diligence for real estate purchases, including lease roll audits, service contract reviews, and expert property inspections. Our process identifies risks and opportunities to support informed investment decisions.
Property Renovation
Our renovation services include value-add improvements and construction supervision. We specialize in enhancing property appeal and functionality to increase market competitiveness and long-term asset value.
Insurance Claim Handling
We manage insurance claims for property damage, including hiring public adjusters, filing rent loss claims, and coordinating contractor services. Our goal is to minimize financial impact and expedite recovery for property owners.
People
Lawrence Traub
President
President since 2022 with extensive real estate experience. Joined Protea in 2011 and advanced through leadership roles, focusing on strategic growth and client satisfaction.
Patricia Doles
Controller
Manages financial operations with expertise in real estate accounting. Brings strong analytical skills and over a decade of experience in corporate financial management to Protea.
Sandra Martin
Commercial Property Manager
20+ years of commercial property management experience. Licensed Texas real estate professional specializing in lease negotiations, tenant relations, and property performance optimization.
Huyen Reed
Team Leader
Team leader with 25+ years in property management. Joined Protea at its founding in 1997, providing leadership in operations, staff development, and client service excellence.
Cathie Hood
Senior Vice President
Senior Vice President of Multifamily Division with deep expertise in apartment community management. Focuses on asset performance, resident satisfaction, and operational efficiency across managed properties.
Questions
What property types do you manage?
We manage multifamily apartments, retail centers, office/industrial parks, and homeowner associations across Dallas/Fort Worth and surrounding areas.
How long have you been in business?
Protea Real Estate has operated in Dallas since 1997, providing property management services for over 25 years.
What sets your due diligence process apart?
Our due diligence includes property inspections, lease audits, expert consultations, and customized budget forecasts to ensure comprehensive investment analysis.
Do you handle property renovations?
Yes, we provide value-add renovations and construction supervision to enhance property performance and market value for our clients.
How do you handle insurance claims?
We manage the full claims process including public adjuster hiring, contractor coordination, and rent loss claim filing to protect owner interests.
Reviews (5)
Kiera Wesby
Nov 11, 2021
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Critical:Professionalism,Quality,Value
Literally the worst company I have a Florida unit and our entire complex over 300 units are all roach and lizard infested
Literally the worst company I have a Florida unit and our entire complex over 300 units are all roach and lizard infested
Lillia Whittington
Sep 11, 2021
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I lived in the property based in Denton, TX called Hickory Creek Ranch Apartments. Not only has the apartment gone incredibly downhill since this property management company acquired it, their staff is rude, unprofessional, and overall the property has become shambles. I will not recommend this management firm or any apartment they manage in Denton or DFW going further.
Landon Goines
Jul 04, 2021
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Critical:Professionalism,Quality,Responsiveness,Value
Their community at Spicewood has a big bug problem. I brought it to Sharons attention and she doesnt care
Their community at Spicewood has a big bug problem. I brought it to Sharons attention and she doesnt care
Theresa Holmes
Jun 13, 2021
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Critical:Professionalism,Quality,Responsiveness,Value
They are not BBB accredited and theres a reason why.... They are the worst management company. They have many filed complaints. Their properties are all second chance housing. So this might be why..
They are not BBB accredited and theres a reason why.... They are the worst management company. They have many filed complaints. Their properties are all second chance housing. So this might be why..
Ashton X. Homes
Jan 19, 2021
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I worked for the company for almost a year and I could not complete a full year just due to the negligence of the management company and how rude the management company is to their employees as well as residents. They do not care about anything else but themselves and they make life very hard for their employees, they do not care about the residences nor do they properly take care of their properties. I wouldnt send my worst enemy to work for this company or have them live in any of their properties.
