| If the property / seller are a fit, we advise delaying a sale while we oversee our “Value-Add” process.
In most cases we outpace loss projections by 20%. This program is essentially high quality asset management free of charge. |
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1. Lease up:
We personally spearhead/oversee our leasing team to rapidly lease-up, at highly enticing, below-market rates. |
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Find owner/users:
When applicable, we methodically search for owner/user buyers (and their broker) who yield higher profits. |
2. Introduce the freshly stabilized asset to capital market highlighting its stability and upside in below-market rents. |
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“The Wichterman Team initially advised LNR to hold off the property from the market for a stabilization effort. Within 90 days, his team leased the property from 40% to 82% (5 new leases, not just 1 lucky lease). I sold 39 assets in 2010 and none were negotiated/executed as fast as the P&S contract on this deal. The property (industrial) closed for more than the typical office building ($73/SF) and 20% above our expectations.”
“Eric Wichterman runs an efficient, capable and hard working team. They also over deliver, which makes my job much easier and my boss much happier.”
– John Mitchell, Vice President | REO Department, LNR Partners, LLC.
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“The escrow opened on a Tuesday with the buyer and closed on Friday without any re-trade on price. We closed the project by year end with a $93 per SHELL square foot price that exceeded our expectations by 25%”.
“I would highly recommend this Cassidy Turley team””
– Doug Claussen | Real Estate Portfolio Manager, National Bank of Kansas City.
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