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Analysis of submarket demographics and competition to establish preliminary feasibility;
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A tactical grid to compare all important aspects of the client property to those of its competitive set;
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De novo evaluation and grading of the client property with regard to unit and common-area aesthetics and amenities, security issues, deferred capital replacement, recurring maintenance issues, etc.;
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Review of the clients capital improvement plan, assessing whether it achieves optimal cost-benefit ratio on invested capital;
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If indicated by our analysis, creation of a revised capital plan that supports improved rent rates, lowers tenant turnover, and/or reduces operating expenses;
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Detailed month-by-month construction, capital spending, and re-leasing schedules;
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Transitional monthly forecasts of revenue and expense, from implementation through stabilized performance at the new, higher rent schedule;
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Suggestions for timing and pricing the assets disposition when the value-add is complete;
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A written report detailing our findings and all aspects of our achievable value-add operating plan;
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A web conference or in-person meeting for the client to raise questions, discuss implementation strategies, or challenge our findings;
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If requested, ongoing consulting to monitor monthly financial progress, directly supervise execution of the value-add, or refer contractors and vendors; and
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For attempted value-add investments that have not fully succeeded, analysis and recommendations to improve the cost-benefit yield from capital allocations, and to improve execution of Performance FundamentalsSM at the property.
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