Real Estate Consultants

StoneCreek LLC Real Estate Consulting Experience Includes Hotel, Recreation, Office, and Entertainment Facilities

Property Management Oversight

Real estate projects are more than bricks and mortars. Once a project is successfully formulated, deal-structured, and constructed, ultimate success will be obtained through the people, retained to market, lease, and manage a property.

As real estate consultants, Stonecreek LLC has extensive experience facilitating an owner's organization retention and supervision of third-party property management firms. This includes solicitation of proposals to manage, negotiation of management contract terms, supervision of property manager activities, capital and FF&E review and approvals, banking procedures, and property-level tenant leases, service contracts, and other vendor relationships.

Owner Representation

For some client circumstances, Stonecreek LLC is best retained as a representative of owner, or "Owner's Rep" for one or more business matters. The title and defined role can convey an additional seriousness of purpose by and between an owner and Stonecreek LLC, that is important to convey and be observed by third-party vendors - even while actings as a real estate consultant.

Real Estate Consultants for Property Takeover Planning

One area often overlooked during an acquisition is proper consideration of the actual takeover or possession. For a complex property, or gegraphically-dispersed portfolio, takeover planning is a major consideration.

The takeover is equivalent to a pre-opening program for a newly-built property. For many takeovers following an acquisition, the difficulty is the lack of any operating history with which to confirm certain direction to on-site property personnel. The level of detail ranges from what move-in package to provide new apartment tenants, to whehver the property tax assessments should challenged for a current year.

In some cases, a property takeover will be a high-profile undertaking with a local community. Proper conduct of a takeover, especially with local governmental and media relations, can be a key factor in stabilizing a property for a successful long-term hold.

Real Estate Consultant for Asset Business Plans

In many cases, the owner of a complex asset may desire a formalized business plan to be prepared and approved, prior to initiating a takeover or workout, or in initiating a following year operating plan. Where a detailed business plan does exist, the property owner may be interested in a third-party review prior to plan implementation.

Acting as a real estate consultant to ownership, Stonecreek LLC's work may include business planning that would integrate not only a property-level plan but a plan with owner's investment and exit considerations included as well.

As real estate consultants, Stonecreek LLC's business planning work can include full-fledged corporate strategic planning. This type of assignment includes opportunities/constraints analysis, preparation of plan documents, and financial projections that either evaluate or reflect management's overall strategy.

In many cases, Stonecreek LLC can assist a client organization through the facilitation of senior management retreats. These retreats can be used to review corporate mission statements, set corporate goals and objectives for plan years, and to discuss strategies for meeting such objectives.

Workout Services

Stonecreek LLC can provide aggressive and hands-on assistance in workouts of distressed properties. As real estate consultants, this can take the form of a "hands on" asset management assignment or specific technical studies and support of a client's in-house efforts.

The scope and emphasis of the work product will vary based on the results of Stonecreek's initial Property Diagnostic Audit, or client-approved Asset or Portfolio Business Plan. As real estate consultants on behalf of ownership, some of the items that may be included in a particular asset workout plan include:

Property Inspection

- Deferred maintenance needs
- Capital improvements
- Entitlement audit
- Marketability assessment
- Physical improvement plan


Competitive Market Survey

- Occupancy studies
- Competitive property review
- Market supply / demand


Business Plan Review


- Plan documentation review
- Plan viability


Property Operations

- Property management reviews
- Operations reporting
- Marketing audit
- Revised marketing plan
- Construction audits
- Expense pass-through audits
- Lease reviews - Operational redirection


Deal Restructuring

- Management agreements
- Debt restructuring potential
- Loan modification plans
- Equity infusions / restructuring


Alternatives Review / Property Re-Use

- Land use, zoning modifications
- Disposition alternatives
- Build-out, development alternatives