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BOULDER - Thomas Hast has witnessed a lot of changes in the real estate market in the past 26 years, some good and some bad. When lean times appeared, Hast relied on flexibility to maintain a healthy property management company.
From its beginnings in 1979, Hast & Co. built a large portfolio of residential, commercial, industrial and condominium association properties including a large number of single-family residential homes. But in the economic downturn of the 1980s, the company sold its single-family portfolio and began to focus on larger residential and commercial locations.
"We still handle a few single-family homes for people who have stuck with us over the past 25 years," said Hast, company founder and owner.
In addition to property management, the company also offers real estate investment, marketing, acquisition and consulting services for its clients.
In the 1980s, Hast became involved in extensive receivership work, first for savings and loans and then for government agencies such as the Resolution Trust Corp. and Federal Deposit Insurance Corp., which helped liquidate insolvent institutions.
"This was a big part of our business from the 1980s into the 1990s," he said. "We still do receiverships, and we also do expert witness work. We would like to do more."
Another major facet of the company is in the management of homeowners associations.
"Homeowners associations are not-forprofit organizations. Board members...