Project Management Services

Project Definition

General Objectives

Review your Investment Objectives or your organization’s Business Plan.
Set your project Goals (timing, principal involvement, communications).
Discuss desired asset class (function, size or # persons, shape, # floors, etc.).
Establish asset criteria (location, visibility, access, zoning, parking, loading, topography, etc.).
Discuss your Budget (total project costs, annual mortgage or lease payments, payment of operating expenses, FF&E, etc.).
Discuss Funding (initial up front pre-construction costs, available equity capital, possible debt resources, etc.).

Investment Objectives

Decide Ownership (type of legal ownership entity).
Establish investment Criteria (Hold Period, Exit Strategy, Return-on-Investment, Tax Needs, etc.)
Establish investment Measurements (Cash-on-Cash yield, IRR) that you desire.

Financial Modeling

Create project cost budget including property acquisition, soft costs, hard costs, outfitting (FF&E) costs and financing costs.
Create pro-forma scenarios incorporating project budget and proposed lease rates to evaluate likely profit and rates of return (cash-on-cash, IRR, debt reduction).

Investment Strategy

General Objectives

Strategic Risk Planning
Economic Forecast Review
Asset Management Approach
Management Execution Plan
Asset Optimization Strategy
Performance Modeling and Reporting

Strategic Risk Planning

Develop tailored risk-return objectives for each investment initiative, specifying goals, investment constraints, geographical and sector allocations, and risk thresholds.

Economic Forecast Review

Regularly evaluate our market forecasts, modify them to account for changing economic conditions, and ensure our investment strategies are optimally synchronized with the prevailing economic cycle.

Asset Management Approach

Assess current assets to determine their retention, acquisition, or disposition based on market insights.

Management Execution Plan

Sanction purchases, sales, and financing to align with the strategic objectives of the program; identify risks and opportunities for expansion through a detailed due diligence process.

Asset Optimization Strategy

Leverage the knowledge of our management team and relationships with operational partners to enhance asset leasing, cash flow, and value.

Performance Monitoring and Reporting

Track and communicate risk metrics and performance outcomes for the portfolio on a quarterly basis.

Property Acquisition - Existing Building or Land

Site Selection

Site Test Fit

Identify, Evaluate, Negotiate and eventually Consummate the purchase of the property. Equity Partner will lead or can support the efforts of your chosen broker. Mr. Fulton Payne is a licensed broker in the State of Colorado and has executed numerous commercial real estate transactions without complaint.

Create a Concept Plan for the proposed existing building or land site to determine its usability. For an existing building, we try to utilize as much of existing installations as possible but still create a state-of-the art result. For an undeveloped land site, we look at the siting of the building, traffic impacts, accessibility, storm drainage, grading, etc. to ascertain the viability of the proposed site.

Site Cost Analysis

Consider every cost to prepared a “finished pad” ready to construct vertical improvements upon. Equity Partner considers all the potential horizontal costs. Beware of inexpensive land!

Due Diligence

Equity Partner orchestrates the entire purchase Due Diligence process starting with an understanding of the allowed land uses (zoning). For an existing building, this include all major systems of the building (roof, parking lot, mechanical, electrical, plumbing, structural). For land, it includes inspections for environmental, soils, title, survey, utilities, etc including meeting with the municipality to understand the requirements to develop from the ground up.

Financial Modeling

Create project cost budget including property acquisition, soft costs, hard costs, outfitting (FF&E) costs and financing costs.
Create pro-forma scenarios incorporating project budget and proposed lease rates to evaluate likely profit and rates of return (cash-on-cash, IRR, debt reduction).

Financial Management

Equity Partner manages all financial aspects of your project using our proprietary Total Project Budget, Cash Flow, Cost Tracking and 5-Year Operating Projections.

Total Project Budget. Equity Partner routinely updates all Project costs—soft costs, hard costs, financing costs and FF&E (also known as outfitting) costs.

Cash Flow. Equity Partner creates a monthly cash flow projection showing the timing of cost outflows (predicted expenditures) that informs when cash inflows will need to be received.

Cost Tracking. Equity Partner tracks all project costs, expenditures, remaining amounts and possible future changes for the current point in time.

5-Year Operating Projections. Equity Partner helps you create a 5-year income & expense projections using our proprietary “Income Projections” excel spreadsheet that informs our client of its future operating revenues, future expenses and the corresponding debt that it can afford.

Payment Processing. Equity Partner manages all invoicing, lender inspections, and payment processes. Each month, the invoices are assembled, the work-in-place is confirmed, and a draw request is sent to a disbursing agent, either the lender or perhaps a title company, who disperses the checks. Equity Partner ensures conditional lien releases are provided at the time of invoicing, and unconditional lien releases are provided upon receipt of payment.

Lender Inspections. Instead of a hiring a third-party inspector, Equity Partner can provide the inspection required by the lender or disbursing agent which will save thousands of dollars. In this role, Equity Partner confirms that the work being requisitioned for payment has been completed by providing copies of weekly construction meeting minutes, pictures, sign-offs on the appropriate AIA form (if required), and an updated Total Project Budget and Cost Tracking report analyzing the status of expenditures versus budget.

Property Management

Equity Partner will help you establish a plan to manage your property that includes required annual inspections, quarterly service requirements, routine maintenance and seasonal activities.

Interview prospective property management firms or develop systems for in-house property management.
Develop budget, recommend vendors, etc.