Services

What we do

Investment
Management
Services

  • Core, value-add, distressed
  • MFR (for sale and for rent), SFR, Land, Mixed-Use, Other
  • Southwest region, primarily Phoenix MSA
  • Title & Survey
  • Appraisal
  • Site Environmental
  • Archeological
  • Historic Buildings / Neighborhoods
  • Building Condition reports
  • Asbestos / Lead-Based Paint surveys
  • Property tax and insurance analysis
  • Utility bills / Service availability
  • Rent rolls / Financial statements
  • Demographics / Psychographics
  • Legal issues
  • Regulatory assistance
  • Closing contingencies

  • Microsoft Excel underwriting
    • Leveraged and unleveraged
  • In-place and forward-looking cap rates, GRM, GIM, OER
  • Pre-tax Discounted Cash Flow analysis, IRR, NPV, WDP
  • Joint-venture waterfalls
  • Scenario / Risk analysis
  • Tailored to asset, seller, investor, and market considerations
  • Tap public-sector incentives (Federal, State, Local)
    • Tax credits and abatements / Preservation grants / Other
  • Both public and private entities
  • Senior debt – permanent, ADC, and bridge loans
  • Mezzanine debt / Preferred equity
  • Joint venture equity
  • Property Management or Property Manager selection / oversight
    • Service contracts review and renegotiation
    • Operating budgets / streamline operations
  • Transparent Asset Performance Reports
  • Lease negotiations and workouts
  • Property tax appeals / Insurance renegotiations
  • Financing / Refinancing
    • Lender identification and negotiations
    • Lender underwriting and loan closing support
    • Loan servicer point of contact
    • Draw requests
    • Extensions and workouts (God forbid)
  • Tax credit programs and applications
  • Renovation and TI supervision, Hotel PIPs
  • Deferred maintenance corrective work
  • Asset repositioning / Value-add opportunities
    • Diversification and/or yield enhancement
  • Market insights and analysis
  • Development of land assets (see below)

Development
management
services

  • Engage City, County and State Authorities Having Jurisdiction (AHJ)
  • Beneficial relationships with Mayors and City Council members
  • Beneficial relationships with public administrators
    • Economic development directors
    • Planning, transportation and public works officials
    • Historic preservation officers and commissions
    • Environmental quality departments
    • Building inspectors
    • Fire and police chiefs
    • City attorneys
  • Zoning adjustments and code variances
  • Preliminary and final plat approvals
  • Public-Private-Quasi Public Partnerships (PPQPP) when transit authorities, utilities, flood control districts, arts organizations, et al., are involved
  • Commission Economic and Fiscal Impact Analyses (EFIA)
  • ROW and easement issues / abandonments
  • Neighborhood organizations and alliances
  • Impacted property owners
  • Homeowners’ associations
  • No-growth, anti-gentrification, or environmental activists
  • Participating citizenry
  • Urban, suburban, exurban, transit-oriented
  • Sector analysis – residential, commercial, mixed-use, specialty
  • Low, mid, high-rise
  • Construction type (I through V)
  • Horizontal construction, vertical construction or both
  • Onsite and offsite development
  • Balance expertise, reputation, proposed fees, and local knowledge
  • Negotiate scope, fee / reimbursables, legal terms / conditions
  • Negotiate form of contract (AIA, consultant, owner, hybrid, other)
  • Negotiate insurance requirements, premium allocation
  • Value-engineering emphasis during conceptual / schematic design
  • Form follows function and financial / market veracities
  • Inside-Out design process
    • Aesthetics tested against associated cost and risk of execution
  • Maximize value to end user(s) => maximize value to investors
    • Update pro forma after each pre-construction phase
  • Detailed project costing during design development
    • Engage General Contractor or Construction Manager early
    • Choose project delivery method
  • Final project feasibility underwriting prior to large capital outlays for construction drawings, legal, marketing, etc.
  • Site preparation
  • Hazardous materials removal
  • Demolition
  • Excavation
  • Building core
  • Finishes
  • Turnover
  • Balance cost, sector experience and bonding capacity
  • Quality and availability of personnel
  • Detailed scope analysis to ensure “apples to apples” comparison
    • Ensure lowest bid does not generate highest cost!
  • Deep dive into overhead, profit, miscellaneous fees, general conditions, etc.
  • Cost / Schedule overrun risk allocation
  • Builder’s risk
  • Construction/Latent defect wrap (OCIP or CCIP)
  • Professional liability

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