OptimizE your existing CRE Investments

At Trout Daniel & Associates we are committed to long-term management partnerships. We have everything you need to transition away from the burden of management and/or maximize the return on your CRE investment.

 Our team is very experienced navigating even the most complex and fragmented ownership situations and family trust properties. Our management team is on-call 24/7 to ensure your property thrives.

  • Financial administration and reporting
  • Surveillance and security
  • Operations oversight 


  • Marketing and social strategy
  • Property maintenance


  • Accountant, attorney, architect and engineer consultation

Recent Management Success


Annapolis, Maryland 

After taking over the West 2 Shopping Center, we worked closely with the owners to make significant upgrades to the 1955 vintage center.

Over a several year period, we installed new lighting, revitalized the rear service area, resurfaced and restriped the parking lot, and designed and installed an affordable surveillance system.

All of these improvements were completed over the first few years and have led to several new tenants with significant increases in income for the owners.


Baltimore, MD

Trout Management assumed physical and fiscal management of a 41,000 sq. ft center in Baltimore City, having been notified of the opportunity just days before the new owner took the title.

For reasons still unknown, the seller refused to provide necessary revenue information, and in fact expropriated some of the funds that properly should have gone to the buyer.

Trout Management spent countless hours in forensic accounting in order to reconstruct the necessary records and was instrumental in supporting the buyer’s attorney in an ultimately successful action against the seller.


 Baltimore, MD 

The owners of Randallstown Plaza in Northwest Baltimore

County faced a difficult challenge when a major grocery chain decided to pull its smaller stores in the market place.

Left without an anchor, the communityoriented retail center saw an opportunity to create a sub campus for the Community College of Baltimore County.

TD&A worked with local and state government and the college directors to put together a team of architects and contractors to create a LEED Silver certified project that opened on time and on budget.

Meet Our Property Management Experts

Jerome Trout


📞 (443) 921-9325         vCard


Jerry has represented national and regional retailers across the Mid-Atlantic region, including General Mills Restaurant Group, Domino’s Pizza, Dollar General, Papa John’s Pizza and more.

Before joining TD&A, Jerry worked as an assistant field supervisor for Shaffer Gordon, where he oversaw the construction of the three-anchor Dover Mall project in Dover, Delaware.

Jerry is currently a licensed real estate associate broker in Maryland and is a member of the International Council of Shopping Centers.

Arthur Putzel, CPA


📞(443) 921-9326          vCard

Principal & Broker 

Art’s diverse background helps drive TD&A’s comprehensive CRE approach. Art is a licensed broker in six jurisdictions (DC, DE, MD, PA, VA, WV), a CPA and a former deputy director for Economic Development in Baltimore County. 

When not at work, Art is a board member for the American Red Cross and for the Itineris Foundation, which provides life and career support services for adults on the autism spectrum.

Art’s education includes a BS in Economics and a BS in Urban Studies from MIT and a MS in Urban Planning from Johns Hopkins University.

Michael E. Miller, CSM


📞 (443) 921-9333         vCard

Property Manager

Mike has been working in the operations side of the commercial property management for more than 30 years. 

Mike holds a Certified Shopping Center Manager (CSM) designation, a professional certification from the International Council of Shopping Centers, the preeminent trade and professional group of the retail real estate industry.

Rachel Ullmann


📞 (443) 921-9351          vCard

Property Accountant

Rachel oversees the bookkeeping and lease administration for TD&A. Prior to joining our team, she worked for Equitable Trust Mortgage Corp. managing their loans and funding.

Rachel graduated from The John Carroll School in 2002 and continued her studies at Harford Community College.  She enjoys teaching dance in the evenings with a local REC program.

BillieJo Coburn

✉ bcoburn@troutdaniel.com

📞(443) 921-9338      vCard

Billiejo's bio is coming soon!

Ready for success?

Let’s discuss how our collaborative approach and comprehensive industry experience can help generate your next business success.

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