Asset Management

Allegiant Properties provides real estate asset management, receivership and advisory services to financial institutions, special servicers, investors, developers and owners of real estate holdings and troubled asset portfolios. Property types include single and multi-tenant office, flex, industrial and multifamily properties.

During turbulent economic environments, many institutions and individual property investors lack the local market knowledge, vendor relationships, licensing, staff, experience or operational knowledge to effectively manage and/or reposition distressed real estate assets. Our company’s principals and team have over 30 years of extensive experience in successfully navigating through multiple real estate and economic cycles on behalf of many clients and investors. Allegiant Properties provides the expertise – directly and through its affiliates – to assist its clients and investors maximize the value of their real estate assets.

With the background, knowledge and resources, we incorporate a range of options generally not offered or available through traditional real estate brokers and property management companies. We add substantial value by tackling all immediate challenges and implementing strategies to improve operations and to position assets for sale.

In addition to real estate asset management services, Allegiant Properties also provides project underwriting, due-diligence and traditional real estate services including investment brokerage, leasing, financial analysis, property, project and construction management.

Asset Management Services

EVALUATION: Advisory / Valuation / Strategy

Acquisition Due Diligence

Asset/Portfolio Valuation & Hold/Sell Analysis

Budgeting & Business Plan Preparation

Market Research

Operating Statement Review

Lease Abstracting

Leasing & Management Strategy

Portfolio Surveillance

Foreclosure Administration & Support

ASSET MANAGEMENT: Operations / Leasing / Construction

Court-Appointed Receivership

Property Management

Collateral & Document Administration

Construction Management

Site Inspections & Maintenance Coordination

Tax & Insurance Administration

Entitlement Preservation

Development Agreement Negotiations

Vendor Selection & Oversight

Lease Negotiations & Approval

Investor/Owner Recapitalization

Loan Workout & Resolution

RESOLUTION: Disposition Strategies / Broker Management

Motions & Proposal Orders (Provide Court Action Plans)

Broker Selection

Financing Negotiation & Placement

Sale Administration

Final Accounting & Reporting

Business / Partnership Dissolution & Wind Up

Initiate Preparation of Purchase/Sale Contracts and Negotiate Terms

Our Approach

Our primary objective is to optimize asset value for our clients.  We apply this principle to every situation and obtain success by aligning our interests with our client’s needs and goals.  We move efficiently towards achieving success with our capabilities and services.

For over 30 years our principals, as owner, manager, or developer have successfully executed turnaround solutions and disposition strategies for properties and portfolios of all types. Our proven track record includes the repositioning of real estate assets aggregating over 14 million square feet of industrial, office, flex, retail, and multi-family properties located in California, Washington, Colorado, Arizona and North Carolina.

Our approach begins with a comprehensive analysis of the present and historical financial, operational and leasing data relevant to the asset.  From this point we develop the business plan and value enhancement strategies to successfully reposition the asset and prepare the property for disposition.

Although every property is unique, a typically engagement may follow the following steps:

1. Comprehensive analysis of all relevant data vis-à-vis the asset’s present and historical performance.
2. Assume responsibility of property operations; identify and tackle all immediate challenges; secure and account for property operational functions, including tenants, vendors, leases, and monies.
3. Conduct inspections and account for all inventory.
4. Develop effective standard business operating procedures.
5. Develop cost/benefit business plan.
6. Analyze marketing and leasing strategies; engage third party brokers & implement new, improved marketing & leasing programs.
7. Engage third party vendors and implement active management processes; initiate software to secure information and provide efficiency and transparency; ensure income is accurately reported and expenses tightly controlled. 
8. Identify, review and commence cost efficient repairs and renovations including deferred maintenance, tenant, common area and capital improvements which will most effectively maximize asset value.
9. Monthly/Annual financial reporting (depending on scope of assignment).  Provide clients with a series of comprehensive financial and narrative reports. 
10. Property disposition - make recommendations and assist in the selection of brokers; work with selected brokers to position the assets for sale; as necessary, interact with potential investors/purchasers.