Our team has developed a nationwide network of several hundred real estate brokers and continues to build upon our network everyday to source the top 1% of opportunities. Our expansive network delivers off-market opportunities (i.e. opportunities that are not yet available to the general public), as our network of brokers rely on our professional experience and reputation for closing deals and closing quickly. We receive and review these offerings on a daily basis.
Each opportunity is processed through our proprietary underwriting system, paying specific attention to accuracy of information, potential value add strat- egies, capital requirements, and historical sale and lease comps. Each oppor- tunity is carefully scrutinized by multiple members of our acquisition team before being assigned a HansonEP Score. Only the very best opportunities proceed to Phase Ill – Offer and Negotiation.
A letter of intent (“LOI’)is prepared by our in-house legal team and delivered to the seller or selling broker. Terms are frequently negotiated including purchase price, length of due diligence period, amount of earnest money and contingen- cies. Our in-house legal team is intimately involved in the negotiation of the LOI, and we always remain committed to our underwriting analysis. Those opportunities that are successfully negotiated proceed to the execution of a purchase and sale agreement (“PSA”), which is drafted, negotiated and approved by our in-house legal team.
Once the PSA is executed, our acquisition team transitions into the due diligence phase immediately. Due diligence varies depending on the opportu- nity but typically includes multiple physical inspections of the property, obtain- ing and reviewing reports from third party vendors (e.g. architects, environ- mental experts, title company, etc.), verifying information presented by the seller or selling broker (e.g. reviewing tenant lease agreements, current rent roll, utility bills, tax records, etc.), and revising the underwriting analysis to confirm project feasibility. Our team’s 50+ combined years of experience in real estate is leveraged to ensure that every detail regarding the opportunity is uncovered and considered before the close of the due diligence period.
We leverage our banking connections to secure the best debt possible for each opportunity. Our in-house counsel forms a new entity, drafts all associated entity documentation, collaborates with local counsel, securities attorneys, tax professionals and others to ensure strict compliance with the law and regula- tions. During this phase we procure all committed capital from our equity part- ners. All of this while working hand in hand with the Title company to success- fully close the transaction.
We use our expertise along with the experience and skill sets of key partners in our industry to execute our vision. Whether we are making physical improve- ments, revamping management, repurposing the asset or developing from the ground up, this Phase is where value is added to the asset.
Our experience has resulted in our ability to ensure proper reserves, risk man- agement, and financial controls to provide consistent, predictable cash flow to our investors. We utilize only the best property managers to assist us in the day to day operations of the assets. We then consistently report back to our inves- tors on progress throughout the entire journey.
When the time is right, and when we hit or surpass our profit targets, we move forward with a refinance or sale of the property in order to return capital to our investors. At this point the cycle starts over and we provide new opportunities to help our investors continue to grow their wealth.
Input your search keywords and press Enter.