Asset management

Plante Moran CRESA will work with your organization to take a strategic look at your real estate inventory, physical space needs, and financial resources to determine how best to maximize limited resources. Our process focuses on aligning your real estate holdings with your organization’s mission and ministry.

Asset Transition

Unlocking the value of your real estate assets includes conducting the analysis necessary to determine the approach that best fits your short- and long-term goals balanced with optimizing your financial return. Should it be determined that selling property or asset disposition is the appropriate strategy, our approach may include:

• Engaging third-party residential/commercial brokers
• Conducting a competitive bid process
• Identifying alternative joint venture options (collaboration, timing, leasing, etc.)

For each approach Plante Moran CRESA would:

• Solicit potential interested parties
• Provide Requests for Proposals (with appropriate analytical questions)
• Analyze proposals
• Interview candidates
• Offer recommendations
• Assist legal counsel in negotiating business terms and conditions within contractual obligations
• Manage due diligence process
• Manage project close-out and post-closing obligations

Leasing Representation

Sometimes it may become appropriate to lease a facility or to re-evaluate your current leases. During the leasing process we offer tenant representation services, where we represent only you and never the commercial landlord. This exclusive relationship allows us to be totally independent, using our in-depth market knowledge and an unbiased approach to effectively advise you on all of the options that you should consider. 

Collaboration

Developer Joint Venture

Collaborating with a developer requires that the risks and benefits of real estate transactions are well understood and tested. We can assist you in exploring collaborative opportunities to:

• Sell property
• Lease land and buildings
• Build

Not-For-Profit Alliance

It may be best for your Community to preserve a particular land site or building as a historic or preservation site. We will help develop an effective real estate plan, as well as solicit and analyze proposals, ensure that market value is considered in the transaction, and ensure that a proper balance to maximize financial return and the intent and goals of your Community are considered.

Mergers or Consolidation

The best way for your Community to provide for the needs of your elderly and infirm members may be to collaborate with other religious institutes to share the expenses associated with providing care. We can assist by testing alternatives for implementing this type of integration. 

Real estate program/project management

 
Most organizations have limited experience and expertise managing the many complexities of a capital project. Successful capital and real estate project management is built upon a solid foundation of a proven process delivered by an experienced team. Plante Moran CRESA can help with real estate planning to guide you along every step of a project from concept through completion. Our goal is to: confirm financial assumptions, objectively advocate on your behalf by providing market knowledge (cost, design, construction, contract review and negotiation, etc.), and mitigate risk.

We will work with you to unearth the best approach to the project, find the most qualified architect and contractor, and ensure a fair contract and price. Our process helps to avoid costly delays and expensive change orders while enhancing quality. Our real estate project management services include:

• Project due diligence
• Team selection
• Value engineering
• Project oversight
• Project closeout

 

Environmental sustainibility

 
Reduce operational utility costs in a green way

Plante Moran CRESA can assist you in reducing the impact your operations have on the environment with respect to your existing facilities as well as during construction projects. With numerous LEED-accredited professionals on staff, we can help your Community create a real estate plan to:

• Reduce your carbon footprint
• Lower operating costs and increase asset value
• Build, renovate, or make improvements that will create a healthier and safer environment for occupants
• Assess and improve environmental impact