Property
Re-Positioning:
Apartment
Renovation Services can further enhance your property's revenues by
intelligently managing invested capital into renovations such as upgrades to
unit interiors including finishes, appliances, carpet and cabinetry and
property exteriors including leasing offices, landscaping and amenities.
During
the past three years, Apartment Renovation Services management personnel have
successfully renovated over 10,000 unit interiors and perfected this process.
Through our unique Designer Unit Program, we take an analytical approach to
interior renovations matching the upgrades to the marketplace and tracking the
property yield. With this program, most communities earn a 15% to 20% Return
on Investment.
Capital
Expenditure Management:
Apartment
Renovation Services can prepare budgets, write scopes, prepare specifications,
bid and manage the incremental capital needed to achieve the investment
objectives of your property. As part of our ongoing capital improvement
strategy, we periodically evaluate a community's physical condition relative
to established business objectives-and the community's competitive market
position. Throughout these evaluations, we consider your return on investment
in relation to your long-term cost of capital as well as our research and
analysis of competitive market factors in order to achieve the best outcome.
Due
Diligence:
Apartment
Renovation Services offers a full range of due diligence services through our
experienced in-house staff, which can:
Perform
complete property inspections.
Prepare Budgets
Assist
with Underwriting and Auditing
Investigate
structural engineering, roofs, termites, plumbing, telecom, title, survey,
real estate taxes/special assessments and bond compliance
Develop
re-positioning or renovation plans, specifications and budgets.