It is a fact that corporations throughout the world are major owners and investors of real estate, however, their core business is not real estate and its management. Concourse Realty Group recognizes this fact and offers a variety of services to assist corporations with their ownership and management of their operational real estate investments such as distribution, manufacturing or corporate office facilities. We provide a best practices approach aligning our client's commercial real estate needs and requirements with the ever changing demands of its business.
Concourse Realty Group has substantial experience in the area of commercial real estate development acquired through many years of hands-on experience in the U.S. and internationally, and advises clients on their investment projects and portfolios. We have experience with land development and most property types involving new construction, historic rehabilitation, adaptive re-use, renovation or expansion.
The scope of our Development Services varies and is bespoke to client needs. The benefit of these services to our clients is to create value, maximize returns and minimize risks.
These services can be broken down into the following general categories: Development Advisory Services, Fee Development Services and Principal Development Services.
We assist our clients with property or portfolio pre-acquisition analysis (or preparation for disposition) otherwise known as due diligence. Due diligence often may also result from Workout Services for distressed properties or loans. Due diligence is the tangible process of risk management.
Due diligence is the process of investigation and evaluation into the details of a potential investment. The basic function of due diligence is to assess the benefits and risks of a potential investment by enquiring into all relevant aspects of the past, present and predictable future of the business in which the investment might be made.
We can form an equity fund on a client’s behalf and then function as a fund manager once the fund closes.
We will prepare the necessary documents (offering memorandum and related schedules, filings, etc.) and coordinate with the accountant and attorney of your choice.
By using our services, we draft the vast majority of the necessary documents merely submitting them to an attorney for legal review and compliance thus saving our client/sponsor significant sums as opposed to having an attorney do the drafting.
We understand market cycles and advise on critical buy/sell/hold decisions in asset management. We strive to uncover any opportunities to unlock potential and realize increases in asset value that would go unrecognized in many circumstances, whether the challenge relates to leasing risk, achieving operational efficiencies, a capital improvement plan to enhance the asset or an overall asset repositioning strategy often developed through our Due Diligence Services.
Acting as the owner’s agent, we approach investment-grade portfolio management from a strategic point of view. The goal is to maximize value through investment selection, diversification and a solid understanding of the real estate cycle, carefully guiding the client through portfolio allocation process by suggesting options for geography, asset class and property type investment based upon the unique requirements of our client, the dynamics of the overall market and the microeconomics of specific markets.
Concourse Realty Group can provide aggressive and hands-on assistance in workouts of distressed loans or properties. We structure, with our client, a "hands on" asset management assignment or specific technical studies in support of a client's in-house efforts.
The scope and emphasis of the work product will vary based on the results of initial property review, or it may be directed by a client-approved Asset or Portfolio Business Plan, and often starts with our Due Diligence Services.