Not only do we use traditional sources, but our team has also developed an extensive network of real estate brokers, wholesalers, and investors. Our team and expansive network deliver off-market opportunities (i.e., options not available to the general public); our network of brokers rely on our professional experience and reputation for closing deals quickly. We receive and review these offerings daily.
Each opportunity is processed through our underwriting system, paying specific attention to the accuracy of the information, value-add strategies, capital requirements, and historical sale and lease comps. Multiple members of our team carefully scrutinize each opportunity. Only the best options proceed to the next step.
Offer and Negotiation
Our team will prepare an offer/contract and deliver it to the seller or selling broker. Terms are frequently negotiated, including purchase price, length of due diligence period, amount of earnest money, and contingencies.
Upon contract execution, our team transitions to the due diligence phase. Due diligence varies depending on the opportunity but typically includes physical inspections of the property, obtaining and reviewing reports from third-party vendors verifying information presented by the seller or selling broker (e.g., reviewing tenant lease agreements, current rent roll, utility bills, tax records, etc.) and revising the underwriting analysis to confirm project feasibility. Our team's fifty-plus combined years of experience is leveraged to ensure that every detail regarding the opportunity is uncovered and considered before the close of the due diligence period.
We leverage our banking connections to secure the best debt possible for each opportunity. We deploy committed capital from our partners during this phase-all of this while working hand in hand with the title company to successfully close each transaction.
We use our expertise and the experience and skillsets of strategic partners in our industry to execute our vision. Whether we are making physical improvements, revamping management, repurposing the asset, or developing from the ground up, this is where value is added to the investment.
Our experience has ensured proper reserves, risk management, and financial controls to provide consistent, predictable cash flow to our investors. We utilize our best property managers to assist us in the day-to-day operations of the assets. We will consistently report back to our investors on progress throughout our entire journey.
When the time is right, and when we hit or surpass our targets, we move forward with selling properties and returning capital to our investors. At this point, the cycle starts over, and we provide new opportunities to help our investors continue to grow their wealth.