ALL PHASES
Optimize value
Optimize equity outcome
Optimize urban / community good
Solve problems, and resolve disputes.
Negotiation
CONCEPT
- Initial inspection
- Research
- Due diligence
- Zoning
- Legal / governmental issues
- Valuation (As-is)
- Parking, access, and circulation analysis
- Concept sketch
- Concept program
- Conceptual pro forma and budget
- Conceptual As-Improved valuation
- Capitalization
- Constructability
- Identify risk areas
- Market evaluation of demographics, demand, opportunity, and positioning
- Negotiation
- Clear articulation of potential cost vs. potential value
- How real is the concept?
- Feasibility (Go/No-Go)
DESIGN
- Property investigation and discovery
- Review of property documentation
- Zoning (deeper)
- Valuation (As-is)
- Site and building plans
- Development plans
- Design development
- Program development
- Pro forma and budget
- As-Improved valuation
- Capitalization
- Further negotiation
- Feasibility (Go/No-Go)
- Schedule
- Acquisition / site control
- Community outreach
- Contracts
- Entitlements
- Syndication / entity formation and management
- Development and construction team assemblage
- Risk management plan
- Exit strategy
- Construction scope definition
- Value engineering
- Construction documents
- Municipal plan review
- Permitting
BUILD
- Construction oversight
- Owner’s representation
- Physical improvements
- Vertical Construction
- Schedules and milestones
- Ensure delivery
- Change order management
- Drawing on financing
- Accounting
- Marketing plan
- Management / Operations setup
- Compliance and inspections
- Certificates of Occupancy
OPERATE
- Stabilization
- Ongoing leasing
- Property management and oversight
- Cash flow optimization
- Maximize revenue
- Minimize expenditures
- Accounting & reporting
- Debt coverage assurance
- Deleveraging
- Capital restacking / refinancing
- Periodic Valuation
- Capital Improvements
- Repairs and Maintenance
- Compliance
RECYCLE
- Property evolution
- Strategy for recycling or exit
- Rezoning
- Renovating/Remodeling
- Repositioning
- Community development
- Changes of use
- Identifying correct buy/sell opportunities
- Negotiate
- Optimize valuation
- Jump back to Concept.