Landlord & Investor
Let’s maximize your property’s performance or prepare for a transition.
Every property is unique, so too should be the manner in which you take action, or not, during your hold period. 360 CRE will tailor our services at each stage of owning commercial real estate to improve or get your asset properly positioned. We will develop the strategy, apply tactics and execute plans with you to solve problems, maximize value or create an efficient process when you are involved with an Acquisition, Development (including re-develop/reposition), Hold/Maintain or Divestment situation.
At every stage of the investment, we help you advance well-defined objectives with sound judgement and proven methods.
Acquisition
- 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
- Financial modeling and analysis: costs, operating proformas (historic and projections), financing alternatives, yields
- Financing: source and qualify lenders, critical review of letters of interest and negotiation
- Analyse properties available for sale (i.e. location, physical space, costs, function and features on a macro and micro basis)
- Identify barriers and solutions to achieve established goals and objectives
- Site assembly strategy and execution
- Oversight of purchase process to completion
- Assist to monitor and manage brokers, lenders and legal council activities and performance
- Manage post closing activities, transition, and information management
Development – New, Re-develop or Reposition Asset
- Source, manage and monitor development team (i.e. leasing, professional consultants, contractor)
- Preleasing/leasing: tenant evaluation and strategic negotiations planning
- Financial modeling and analysis: costs, operating proforma, budget, financing alternatives
- Address construction and post construction issues and identify solutions
- Identify barriers and solutions to achieve established goals and objectives (zoning, physical site features and conditions)
- Financing: source and qualify lenders, critical review of letters of interest, negotiation
- Building plans and design: examine, evaluate and refine for efficiency, market acceptance and budget performance
- Execute action plan to project completion
- Liaise with all involved parties
- Critical lease review and document negotiation – amend existing or create new format
- Source and qualify leasing agent and negotiate contract
- Transition of premises: contractor to developer and developer to tenant
- Manage the timely release of securities held by the municipality
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, barriers, solutions
- Market research: competing properties, area demographics, leasing absorption
- Financial modeling: critical review and analysis
- Financing: evaluate existing and or source new (qualify lenders, critical review of letters of interest, negotiation)
- Capital expenditure planning
- Critical lease review: fees, penalties, critical dates, options – amend existing or create new format document
- Review goals and risk tolerance, including comprehensive market research
- Evaluation and oversight of property management services and activities
Divestment
- 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/objectives within existing market conditions and trends, approvals, financing, existing contracts
- Create a strategic purchase offer format with terms that are right for you
- Compile existing due diligence material and provide critical review
- Establish terms of sale (price, timing, etc.) and necessary due diligence material
- Prepare asset for sale in the most cost-effective manner to enhance value and property appeal
- Strategize negotiations, review and amend purchase document format
- Source and evaluate appropriate/capable listing agent, negotiate listing agreement, engage and manage agent performance/activities
