Developer
Is your development team properly equipped for the challenges
of the current and next stage of ownership?
Even with a proven plan in place, unforeseen events can lead to increased costs and delays. 360 CRE has the experience to help structure the necessary processes to avoid unwanted incidents or solve issues. We develop strategies, apply tactics and execute plans with you to enable a smooth progression of your asset.
At every stage of ownership, Acquisition, Development (including re-developing/repositioning), Hold/Operating, or Divesting, we help you advance your objectives with an entrepreneurial focus, sound judgement and efficiency.
Acquisition
- Financial modeling and analysis: costs, operating proformas (historic and projections), financing alternatives, yields
- Create and negotiate a strategic purchase offer with terms that are right for you in all respects
- Due diligence: coordination, execution and critical review of vendor supplied materials, all third-party and direct investigations together with assessment to determine next steps
- Financing: source and qualify lenders, critical review of letters of interest, negotiation
- Analyse properties available for sale (i.e. location, physical space, costs, function and features on a macro and micro basis)
- Market and feasibility analysis, site and location assessment
- Identify barriers and solutions to achieve established goals and objectives
- Site assembly strategies and execution
- Oversight of purchase process to completion
- Assist to monitor and manage brokers, lenders and legal council activities
- Manage post closing activities, transition, and information management
Development – New, Re-develop or Reposition Asset
- Financial modeling and analysis: costs, operating proforma, budget, financing alternatives
- Source, manage and monitor development team (i.e. leasing team, professional consultants, contractor)
- Planning process management: development and servicing agreements, approvals, permits and posted security
- Preleasing and leasing: tenant evaluation and strategic negotiations
- Identify barriers and solutions to achieve established goals and objectives (i.e. zoning, physical site features and conditions)
- Negotiate construction contract and address construction or post construction issues
- Financing: source and qualify lenders, critical review of letters of interest, negotiation
- Building plans and design: examine, evaluate and refine for efficiency and market acceptance and budget
- Manage and monitor permits and zoning issues
- Critical lease review – amend existing or create new format
- Execute action plan to project completion
- Source, qualify and negotiate leasing agent’s contract
- Manage the timely release of securities held by the municipality
- Coordinate supply and delivery of information and documents among all involved parties
Hold / Maintain & Operate
- Highest and best use analysis, project strengths & weaknesses and exit strategy
- Explore sources of hidden value and opportunity
- Evaluate and maximize efficiency of operations: strengths, weaknesses, procedures, barriers and solutions
- Financial modeling: critical review and analysis
- Financing: evaluate existing and or source new (qualify lenders, critical review of letters of interest, negotiation)
- Asset management and capital expenditure planning
- Critical lease review: fees, penalties, critical dates, options – amend existing or create new format
- Review goals and risk tolerance, including comprehensive market research
- Tenant retention
- Evaluation and oversight of property management services and activities, coordinate resolution of issues
Divesting
- Comprehensive evaluation of physical asset – identify and evaluate project strengths & weaknesses, market research and knowledge-based examination of real estate fundamentals
- Identify barriers and solutions to achieve maximum value and established goals within existing market conditions and trends, approvals, financing, existing contracts
- Prepare asset for sale in the most cost-effective manner to enhance value and property appeal
- Create a strategic purchase offer format with terms that are right for you
- Develop strategic negotiation process and apply proven tactics based on market conditions and trends
- Compile existing due diligence material and provide critical review
- Establish acceptable terms of sale (price, timing, etc.) and documentation for buyer due diligence
- Source and evaluate appropriate/capable listing agent, negotiate listing agreement, engage and manage agent performance/activities
