A.R.M.S. for Troubled Assets

COMMERCIAL REAL ESTATE SPECIALISTS

In this challenging economy, commercial real estate owners, lenders, investors and loan servicers are seeking creative, “out of the box,” but practical turn-key solutions for their troubled assets.  Divaris Real Estate’s Asset Repositioning & Monetization Services (A.R.M.S.) has a proven track record spanning more than three decades of providing successful turnaround, repositioning and disposition strategies for properties across the U.S. on behalf of local and national institutional owners.

Divaris offers stakeholders a comprehensive menu of services that is a “one-stop shop,” from consulting and receivership, through asset monetization via sale, refinancing or joint venture.  Our one objective is to increase the value of our clients’ assets.  To assist our clients in achieving their goals, our menu of services includes:

  • Consulting
  • Receivership
  • Asset Management
  • Property Management
  • Repositioning/Redevelopment/Project Management
  • Leasing
  • Sales & Refinancing

Consulting

In an ideal world, time would permit a property assessment upfront.  Our experienced team has assisted many clients in strategic planning, valuations, highest and best use studies, feasibility studies, due diligence and market assessments.  Many times, DRE is called in after the asset is secured to then devise and implement an asset monetization strategy.

Receivership

DRE’s A.R.M.S. Group has experience as court-appointed receivers in taking control of a property, its receivables, security deposits, cash, equipment and other assets.  We inspect all building systems, renegotiate all contracts and evaluate staffing to provide a cost-effective benefit analysis of every aspect of the project.  We provide trustees with all of the real estate functions required to preserve and stabilize the asset, as well as continue managing and leasing the property in a strategic manner.

Asset Management

We realize that the most important thing we can offer is value enhancement.  As the Asset Manager, Divaris directs the total value-added effort by hiring and directing the best vendors for each assignment, including architects, engineers, contractors, leasing agents, property managers and brokers.  We take full responsibility for implementing the objectives of the owner.

Property Management

Divaris Property Management Corp. currently oversees a portfolio of over 120 properties throughout the Mid-Atlantic and Southeast.  We have earned the prestigious Accredited Management Organization (AMO) designation from the Institute of Real Estate Management (IREM).  Our clients include commercial banks, real estate investment trusts, insurance companies and other institutions, as well as a variety of local property owners.  Our YARDI property management financial software is cutting-edge, web-based technology, customized to work seamlessly with our clients’ reporting systems, and thorough enough to provide all necessary details in one report.  Our management personnel are skilled professionals boasting CPM, CCIM and CPA designations.  All of these credentials assure that our clients’ assets will be maintained to the highest standards, with the utmost fiduciary care.

Repositioning / Redevelopment / Project Management

Creativity is the common denominator in all of our completed projects.  Divaris Real Estate’s case studies run the gamut from converting a one million square foot mall into a full-service corporate center, to repositioning grocery-anchored shopping centers into regional power centers.  Our process begins with a blank canvas.  DRE determines the highest and best use for the property based on a study of the surrounding commercial and residential developments, demographics, strength and depth of the overall market, physical structure, current income stream and a host of other factors.

Divaris applies lateral thinking to devise cost-effective solutions to maximize the real estate value.  We then direct the entire process – creating a new merchandising mix and leasing plan, oversee design, arrange contractors, manage construction and coordinate the tenants.  We report weekly and update our clients as necessary.

Leasing

Today’s economy places a premium on tenant retention and aggressive marketing to fill vacancies.  DRE’s seasoned brokers are very resourceful in identifying opportunities and creating additional cash flow.  Our tenant representation client list reads like a “Who’s Who” of the top retail and office companies in several categories, enabling us direct access to decision makers.  Additionally, our national network memberships extend our reach to potential tenants across the country.  Beyond creating new leases, we are particularly skilled at expanding the revenue stream through lease terminations and back-filling, percentage rent negotiations and disposition of surplus properties.

Sales & Refinancing

DRE’s job is not complete until the assets that our clients place with us are monetized and have received their maximum value.  We combine our lateral thinking with our extensive database of lenders, investors and developers to turn our clients’ assets into cash – whether the ultimate disposition occurs through sale, lease, joint venture, refinancing, syndication or other venue.  Divaris considers these options constantly, through every stage of the repositioning, on a true risk/reward curve, as at times it may be advantageous to sell a cogent plan instead of a completed project.  Our sales and investment professionals view each property as more than the sum of each component part.  Many times we can identify hidden value from the overall asset by selling or refinancing component pieces, packaging assets for sale or negotiating joint venture agreements to minimize our clients’ risk.

Divaris Real Estate has overseen the repositioning of nearly $1 billion of assets in the U.S. and continues to apply forward-thinking strategies to current market challenges for all of our clients.

For more information on our Asset Repositioning & Monetization Services (A.R.M.S.), please contact info@divaris.com.

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