Commercial Real Estate’s Relationship With Technology

From raising capital on Wall Street to buying his first rental property while still in college, Mike brings a unique broad range of talents to Coast Equity Partners. Josh is a proven dealmaker that has led the closing of more than one billion dollars of multifamily transaction volume over the last decade. Prior to joining Coast Equity Partners, Josh was one of the top brokers in the nation for Sperry Van Ness, where he garnered national awards in recognition of his sales, strategic thinking, and leadership skills. If due diligence confirms the commercial real estate acquisition and disposition business plan is viable, the investment is funded and the acquisition is closed. This type of transaction is very common in the real estate industry and it allows the property owner to defer their tax bill as long as the sale proceeds are “exchanged” into a property that is considered to be “like kind” to the property sold. There are a number of rules and regulations that must be followed to ensure the transaction is completed correctly, but the result is an indefinite tax deferral, which can be incredibly beneficial for the property owner.

Coast is one of the region’s largest and most respected real estate services firms of its kind with offerings in property management, facility services, specialized construction, advisory, and investment services. Any property improvements or management changes are executed based on the schedule of the business plan. There is a need to focus on how and when to effectively execute upgrades that deliver maximum results. The timeframe in which these changes are implemented vary depending on the business plan. Adding return to an asset can take years to fully implement which is an important reminder of why commercial real estate is best considered as a long-term investment.

The buyer or property owner then has to provide all the necessary documentation regarding the property in order to facilitate the funding process.
This is a purchase and sale agreement signed by the seller and the wholesaler that contains a clause allowing the wholesaler to transfer the ownership to a new buyer and absolve themselves of responsibility.
Our team has performed due diligence on office, retail, and industrial spaces for sellers and buyers from small investments to portfolio purchases.
Most motivated sellers won’t require it because they likely want to close as soon as possible.
We advise property owners and developers, public and private companies, and portfolio investors in acquisitions, dispositions, and developments.

CEP brings an operator’s mentality to the table in its role as manager of these assets, something we call “asset management alpha”. We bring our experience from over 30 years in multifamily property management to drive the day to day operations and optimize the economic performance of these assets over time. The property value/asking price is agreed upon between the property owner and the brokerage acting as their representative in the transaction.

Represented company in the acquisition of well-known Lincoln Park restaurant and bar, and the attached apartment buildings. Negotiated the asset and real estate purchase agreement, loan documents and lease, and guided client through the municipal approvals including obtaining the licenses and permits required to operate a restaurant and bar. Since 1992, Mike has been engaged in the identification, acquisition and rehabilitation of real estate with excellent investment potential. His portfolio of properties includes residential holdings as well as rental properties in various markets throughout the Pacific Northwest and United States. Throughout the ownership of the asset, the market conditions are constantly evaluated to determine the best time to exit formaximized returns.

Traditional Sale

As a group, our lawyers have a wealth of practical experience which makes our team uniquely suited to advise you on the legal and business implications of owning and managing real property. We work with companies and sophisticated individual investors in connection with the acquisition, leveraging, repositioning, and disposition of real estate throughout the world. Every owner of commercial real estate assets needs to have a comprehensive strategy governing why and how real property is acquired, leveraged, used, and sold. Creating an effective strategy – and executing upon it – is the best way to maximize the value of your portfolio and the returns from your investment in it. However, sophisticated asset management planning is its own unique professional discipline and requires an intimate knowledge of the real estate industry, its players, products, opportunities, and risks.

This involves several essential steps and stakeholders to ensure a seamless transition from the property owner to the buyer. Drawing parallels to stock investments, just as one might sell stocks at a high price to acquire real cash, the disposition of real estate involves relinquishing ownership of property, typically to bolster cash flow or fund a new venture. At its core, disposition in real estate signifies the liquidation or divestment of properties, helping businesses and investors streamline their portfolios, maximize value, and bolster liquidity for future ventures. No other firm in Indiana has the depth and countless years of experience in healthcare services. Hospital Administration and Physicians alike attest to the outstanding assistance they receive with build-to-suits, transactions and various projects. Represented the sellers of a large residential portfolio in negotiating the listing agreement for the properties, negotiating the purchase and sale agreement, closing the sale transaction, and resolving a number of transition/post-closing issues.

Market That Contract To Your Buyer’s List

As a result of this expertise, the company has aided in the strategic acquisition and disposition of some of the nation’s most specialized, high-profile, and complicated sales –many being sold to international companies. If there is a building to be sold – https://adprun.net/ anywhere in the world – Binswanger will get it in front of the right people, no matter where they are. Business strategies and market conditions often shift, resulting in a need for organizations to realign their real estate portfolio with business goals.

When it comes to commercial real estate acquisition and disposition due diligence analysis it helps to have a good checklist, and a good adviser. Navigating the sometimes murky waters of real property transactions can be complicated and risky when unprepared. In the first phase of CRE disposition, the seller works with an experienced real estate broker to prioritize objectives (timing, financial goals, perhaps environmental considerations) and outline an initial disposition strategy. At the same time, the seller and their advisor must determine the unsupportive asset’s position in the marketplace and consider potential pricing that aligns with current market conditions. In commercial real estate, the disposition process is the act of selling, subleasing, or conducting a lease buyout of commercial real estate property.

When the transaction is closed, funds are first used to pay off any outstanding loans and anything left over is distributed to investors. This list comprises potential buyers who are consistently updated about a wholesaler’s available properties. For instance, wholesalers typically target other investors, such as rehabbers or buy-and-hold investors. Chris Horsley joined Hokanson Companies, Inc. in 1997 while completing his degree in Civil Engineering at Purdue University. Chris began his employment at Hokanson Companies in the construction area and in 2000 added Property Management to his responsibilities. Now as President and Chief Operating Officer, he focuses his efforts on construction, development, and property/facility management.

Constructing & Managing A Potential Buyers List

National and Chicago-based developers in connection with the acquisition, development, construction, leasing, financing and sale of shopping centers and retail properties throughout the United States. A private developer in connection with the acquisition and development of a hotel property in Chicago and the post-construction sale of the completed hotel asset. A property owner in connection with the acquisition, development, financing, leasing and sale of a 1,600-acre air-industrial park located at a former decommissioned U.S.

It never hurts to reach out to as many buyers as possible, especially if it’s been a while since you contacted them. But you will save yourself a lot of time and energy if you vet each candidate carefully and keep a detailed list of what they are willing to buy. This procedure not only holds the key to maximizing returns but also streamlines the journey from property acquisition to its ultimate sale or transfer. Unless you develop a strong relationship with a particular investor or group and you know exactly what they will and won’t buy, there’s no guarantee that someone will purchase your wholesale property once you get it under contract.

Represented client in a complex transaction involving the purchase of a tract of land adjacent to an airport and negotiating with the airport an access agreement, a ground lease, a road easement, and the sale to the airport of part of the purchased land. Represented private equity firm in the $210 million acquisition and leaseback of a portfolio of 5 office properties to an international life insurance company and the negotiation of a $136.5 million acquisition loan from a large institutional lender. Represent real estate fund in the acquisition of $57,800,000 commercial office complex in Norfolk, Virginia. After quantitative and qualitative comparisons of offers, negotiations come to a close often with a letter of intent, final recommendation, and a purchase and sale agreement. When working through a disposition with Allegro Real Estate Brokers & Advisors, you can expect to receive a property improvement list (to prepare the property for marketing) and a recommended listing price.

Not only is it essential to establish open lines of communication with these potential buyers, but there’s also the task of systematically adding them to the existing buyers list. Through the arc of history, technology has aided industries and their people through challenges by way of innovation. As the commercial real estate sector navigates headwinds presented by these market complexities, we as an industry must continue to embrace technological advancements as a way to learn, innovate and perform more optimally. Readily available data is crucial in today’s dynamic landscape of ever-evolving market conditions. Utilizing the most recent data offers a real-time understanding of the market and grants a competitive edge, instilling confidence in strategic planning and operational decisions.

For the seller, the major downside of financing the sale is that they may not receive a large cash payment at the time of closing. Instead, they will receive it in monthly payments over a long period of time, which can make it difficult to return investor funds. On the flip side, the seller earns interest on the “loan” and could actually end up earning a larger return over time, assuming the buyer doesn’t default on the loan. In most cases, this involves selecting a market and reviewing dozens of investment opportunities in it to find one that meets an investor’s criteria. For most investors, it makes sense to find 3-5 properties in this initial screen and to carry them into the second step of the investment lifecycle, underwriting the property.

We offload assets negatively affecting your growth and help you refocus on the investment properties with the most relevance to your current mission. Over the last nine decades, Binswanger has accumulated experience and success as only a multi-generational family business can. Since it was founded in the depths of the Great Depression, our company has grown into one of the most respected names in international real estate. At the completion of phase one, the seller should have a disposition strategy and action plan that clearly aligns with business objectives, a disposition timeline, and initial pricing estimates.