Investment Property Acquisition | Disposition

investment-property-acquisition-dispositionhowardcommercial represents you in the acquisition and disposition of all types of investment real estate including office, retail and industrial properties as well as multi-family communities.

We stay on top of leasing trends, rents, vacancies and economies both locally and nationally. We put this knowledge to work for you assuring maximum opportunities.

Through sophisticated analytical software our company presents a thorough picture of any income producing property. We incorporate income and expense projections, discounted cash flows, capitalization rates and appropriate internal rates of return in our analysis. We help both the client needing to determine the viability of a new investment opportunity as well as the client actively pursuing the sale of an existing real estate investment.

Here’s how we do it:

Acquisition

Acquisition Process

Review and Assess Client Objectives

  • Determine the financial goals of the Investor
  • Evaluate the financial resources of the Investor
  • Thoroughly discuss the acquisition objectives
  • Review the protocol for decision making and legal representation
  • What are the investment criteria including returns, product type,location and single-tenant or multi-tenant preferences
  • Develop anticipated timelines for acquisition
  • Review capital structure and  financing arrangements

Property Identification/Site Selection

  • Identify prospective investment opportunities and prepare a comprehensive Investment/Site Selection Package:
    • Property Details
    • Location and site information
    • Investment analysis
    • Photographs and/or renderings
    • Area demographics

Preparation of Offers, Letters of Intent and Contract Negotiations

  • Present offer or letter of intent
  • Prepare the counter offer, if necessary
  • Negotiate all terms and conditions on behalf of the Buyer
  • Review and negotiate final purchase document as required.
  • Open escrow

Due Diligence and Closing Activities

  • Arrange for any required third party reports
  • Analyze financial data including operating statements, budgets and rent rolls
  • Review all existing leases and contracts
  • Review documentation of existing debt, if any
  • Review building plans
  • Assemble and confirm zoning and land use data
  • Review covenants and restrictions
  • Study title information and deed restrictions
  • Review real estate taxes and assessments
  • Monitor all timelines and contract requirements to close of escrow
Disposition

Disposition Process

Review and Assess the Client Objectives

  • Any ownership issues that exist that may affect the transfer
  • The financial expectations of the seller
  • Anticipated  time frame for disposition
  • Restrictions, if any, affecting the marketing efforts
  • Ownership’s position regarding financing
  • Opportunities and constraints regarding a 1031 Exchange

Technical Review of the Property

  • Analyze financial data including operating statements, budgets and rent rolls
  • Review all existing leases and contracts
  • Review documentation of existing debt
  • Investigate competitive properties and perform a market analysis
  • Review building plans
  • Review the capital improvement plan (if any)
  • Examine environmental reports and surveys to confirm that conclusions are fully supported
  • Assemble and confirm zoning and land use data
  • Review covenants and restrictions
  • Study title information and deed restrictions
  • Review real estate taxes and assessments

Sales Flyers and Sales Packages

  • Executive summary, including unique property and location features
  • Property profile
  • Location and site plans
  • Photographs
  • Financial summaries, including actual operating statements, pro forma income statements and rent rolls
  • Lease/rental summaries
  • Market overview
  • Competitive analysis and site map
  • Area demographics
  • Traffic counts

Marketing the Property

  • Mass mailing and emailing of Property Flyers to howardcommercial’s proprietary database of targeted prospects;
  • Electronic advertising of properties is coordinated through the following websites:
    • www.loopnet.com, the world’s largest most visited real estate Internet Web site, receiving 5 million hits per month;
    • www.costar.com, the #1 commercial real estate information website;
    • www.xceligent.com, the nation's leading provider of verified commercial real estate information; and
    • www.ccim.com, the most highly recognized and respected membership of investment brokers.
  • Internet and direct e-mail promotionProperty signage (if appropriate)
  • Site tours

Review of Offers, Letters of Intent and Contract Negotiations

  • Qualify the buyer based on financial strength and commercial real estate history
  • Review the offer or letter of intent terms and conditions
  • Present the offer or letter of intent, along with the review comments to the Seller
  • Prepare the counter offer, if necessary
  • Prepare the draft of Seller’s standard Sales Agreement, if necessary
  • Negotiate all terms and conditions on behalf of the Seller
  • Open escrow

Due Diligence and Closing Activities

  • Provide all necessary due diligence information to Buyer
  • Answer Buyer questions regarding Property
  • Stay in contact with back-up Buyers
  • Monitor all timelines and contract requirements
  • Track escrow process to assure timely receipt of all required documents
  • Review title reports and closing documents

Reporting

  • The number of telephone inquiries received
  • The number of Property Flyers and Packages mailed
  • The number of Property Flyers and Property Sales Packages distributed via e-mail or in person
  • Property tours conducted
  • Action steps required
  • Planned activities
WP Twitter Auto Publish Powered By : XYZScripts.com