Long Term Asset Management Strategy
Step 4:
- Leasing Program
- Property Management Program
- Capital Plan
- Accounting & Reporting
Asset Enhancement And/Or Sale
Many times the optimal strategy is to stabilize and then sell the asset. Unfortunately, most lending institutions have not been able to effectively harness these asset management and sales resources in any meaningful way.
CPRG accomplishes this by an asset management process to create a plan to lease-up the property, complete deferred maintenance, and position the property with the sales professionals for an optimal sales execution. Timing generally ranges from 6 to 36 months depending on the market and the asset’s physical and financial situation.
This process can be accomplished across the country in cooperation with CWRG.