ADVISORY SERVICES

Asset Management

• Develop and implement an asset management plan to preserve and enhance an asset’s value
• Evaluate cost-benefit to restructure a loan or foreclose on a property understanding as is property level value and upside through value creation strategies
• Evaluate covenants and representations to help position clients to become the real estate owner
• For construction projects, develop estimated costs of completion and assemble contractors to complete a project while providing necessary oversight
• Joint venture restructuring, re-negotiation, and litigation preparation to “unwind”
• Budget and forecast
• Complete competitive analysis to appropriately set rental rates and concessions
• Review insurance limits and deductibles for risk/reward
• Review, maintain and procure necessary permits and licenses
• Select and manage vendor relationships and contracts
• Determine capital expenditures to optimize value of property
• Perform or arrange inspection services
• Monitor consistently and respond promptly
• Determine optimal exit strategy

Property Management

Property:

• Manage day-to-day operations
• Hire on-site personnel, as necessary
• Deliver high quality tenant and/or customer relations
• Manage vendor and contractor relationships
• Establish preventative maintenance programs to protect and maintain property
• Monitor insurance claim and mitigate risk
• Manage private and public utility issues
• Interface with condominium HOAs (for hotel and residential) for broken or fractured transactions

Financial:

• Provide monthly and annual reporting
• Prepare and monitor operating and capital budgets
• Manage lender and investor relations
• Make timely equity distributions
• Maintain property accounting and related records and documentation

Real Estate Consulting & Strategic Support

• Non-strategic portfolio asset evaluation and specific strategic property planning
• Property valuations
• Property tax appeals
• Lease audits
• Due diligence and reverse due diligence for assets and portfolios

Operating Company Advisory Services

• Services generally rendered for asset-based businesses
• Evaluate costs with recommended cost takeouts
• Review insurance limits and deductibles for risk-reward and monitor placement of new insurance, as required
• Evaluate and pursue upside in lowering property tax assessments
• Evaluate loan documents and assist in the negotiation of debt restructurings
• Develop plans for balance sheet recapitalizations
• Provide key relationships for debt or equity placement
• Identification and filling of key gaps in finance leadership