Real estate investments, from both the equity and debt perspectives, exist in an constantly changing environment of opportunities and constraints. At times, unique challenges occur that require skills beyond that of the lender or the ownership group. Our team of real estate professionals offers more than 30 years of diversified real estate experience, across a wide variety of projects and dozens of different markets.
Many of the challenges faced by real estate projects can be grouped into two general categories:
We have the capability to assist investors and lenders in both areas. The services outlined below can apply to the launch of new projects, to corrective actions for underperforming projects, and to the build-out of mature projects.
Separate from questions pertaining to a project's capital structure, a project's potential economic performance is guided by its market setting, its facilities, and its operational management. The combination of these factors drives revenue production. We have the operational experience to deliver the following services in order to substantially improve project performance:
In addition, we have the capability to serve as "owner's representative" during construction programs in order to review and revise cost budgets, coordinate with contractors, attend construction progress meetings, and continuously ad¬vance the best interests of ownership. The goal is "on time, on budget".
In parallel with issues regarding a project's performance in the marketplace, issues and challenges can reside within its capital structure. The goals of the equity and debt positions may be in conflict, or additional funding may be re-quired. We have the financial experience to balance debt obligations versus investors' required rates of return, and to provide the following services:
A specific program of services is tailored to each individual real estate project in order to achieve that client's current goals. We welcome the opportunity to be of service, and ask interested parties to direct their confidential requests and inquiries to:
Renaissance Partners, LLC 11th Floor, Federated
1001 Liberty Street
Pittsburgh, Pennsylvania 15222