Asset Management

 

 

 

 

 

 

 

 

 

 

 

 

Understanding Welfont’s Real Estate Asset Management Services

Investing in real estate presents challenges that do not exist in the general capital marketplace.  Real estate owners face several risks in taking on potential physical, environmental, financial and operational issues, which may deteriorate over time. Often, these risks require decidedly more multifaceted and complicated approaches.

At Welfont, our asset management objectives are to reset, cultivate and optimize each asset’s value, so ownership may increase its investment returns within their desired holding period.  Prior to any commitments from the ownership, Welfont’s asset management team individually analyzes, underwrites, and evaluates potential yields for each potential acquisition. The analysis is based on property type, asset class, physical condition, and local market conditions. In order to perform a thorough analysis, the asset management team is required to participate in all facets of the property’s life cycle. The cycle includes underwriting, due diligence, negotiations, operational oversight throughout the holding period and eventually, the sale of the real estate asset.

Here are some examples of the Services Welfont provides:

Investment AnalysisWelfont offers our clients a proprietary commercial real estate asset management process to help increase the value of their properties.

  • Evaluate feasibility and Use viability of each asset for its locality and marketplace
  • Determine highest and best use for each property by analyzing alternative zoning purposes
  • Examine the net operating income, capital expenditures (capex) and leasing cost to determine the potential stabilized value
  • Reconcile resale price with local market advisors

Exit Strategy

  • Consult with market experts for optimal asset pricing based on local market conditions
  • Solicit and qualify opinions of market experts to confirm value assumptions
  • Engage real estate broker to market and sale asset
  • Negotiate and finalize marketing and listing agreements

Property Issues

  • Employ Welfont’s property takeover process for new acquisitions including property insurance coverage, site visits, negotiation of vendor contracts and utility issues, and more
  • Annual review of insurance coverage
  • Assessing and engage consultants for potential real estate tax appeals
  • Developing and overseeing property’s operating budget