Commercial Real Estate Acquisitions, Dispositions + Brokerage Services

Tony began with HCI in 2001, bringing with him 25 years of accounting and operations management experience including four years with Arthur Anderson. This vast knowledge has contributed to his success overseeing the corporate financial reporting, cash management, budget coordination, and year-end audit and tax responsibilities at Hokanson. Steve Hokanson serves as Chairman of the Board and Chief Executive Officer of Hokanson Companies, Inc. When Steve joined the organization, Hokanson Companies was primarily focused on property management. Under Steve’s leadership, Hokanson Companies has grown to include four active divisions and five separate disciplines. With over thirty-two years of experience, Jay has been directing and managing his team in the areas of strategic planning, corporate advisory, build-to-suit assistance, tenant representation, financial analysis of leases, and brokerage.

1. Chris also works closely with multiple financial institutions to meet their bank branch real estate needs which includes a 140-branch system across a 3-state geographical area.
2. Many times commercial real property transactions are completed on an “as-is” basis, which allows the seller to provide little to no warranties upon the close of the deal, and little to no recourse for the buyer once the sale is complete.
3. Negotiated the asset and real estate purchase agreement, loan documents and lease, and guided client through the municipal approvals including obtaining the licenses and permits required to operate a restaurant and bar.
4. With over thirty-two years of experience, Jay has been directing and managing his team in the areas of strategic planning, corporate advisory, build-to-suit assistance, tenant representation, financial analysis of leases, and brokerage.
5. Throughout the five-part program, participants learn crucial real estate concepts like site selection, sourcing and structuring capital, development, day-to-day operations, and the acquisition and disposition of a property.

Once you are certain that you have a legally binding contract, the next step is to market it to your buyer’s list. If all you do is collect business cards, your job will be much harder when it comes time to contact investors. Most investors are willing to let wholesalers keep a fee for doing the legwork of finding the property. But if they can find a way to cut you out of the deal and offer the same price to the seller or even a slightly higher price, it means more potential profit for them. If you want to build a successful wholesaling business, you need to network with real estate investors and develop strong relationships, so that you can easily find a buyer for any deal that you come across.

Begin planting seeds early and build a solid cash buyers list before you begin scouting properties. You won’t have time to start once you get the property under contract because it will eventually expire. So the first step is to build a solid real estate network you can leverage when the time comes. There are many factors to consider and conditions to meet when pursuing and managing investment properties.

Close on or dispose of commercial property quickly and easily.Tell us your goals and our expert team will make it happen.

Each investment firm has its own set of return requirements, strategies, and real estate class(es) in which it specializes. Our focus is on making core plus investments in suburban workforce multifamily housing. Mastering the disposition process can have several benefits for real estate wholesalers.

It’s often done to monetize assets to reallocate funds into the company or pay off debt. In most cases, organizations sell off property because it is no longer relevant or valuable to their overall business objectives. Once the sale is closed, the wholesaler can pocket the difference between their offer price and the price paid by the investor https://adprun.net/ – which is known as an assignment fee or wholesale fee. Real estate wholesaling is a great strategy for those who are new to the real estate business because it doesn’t require significant capital or good credit to get started. It’s no secret that remote work has become a considerable challenge for commercial real estate owners and operators.

They then get the property under contract for a certain price and market it to real estate investors who will renovate it for sale or rent it out to tenants. When market conditions shift and your objectives transform, real estate disposition is an excellent way to realign your estate portfolio with your current goals and optimize your assets. You can discover efficiencies, maximize profitability, and lower costs with the right approach.

Wholesalers scout distressed properties or those owned by motivated sellers who are looking to move quickly and make an offer. Read on to unravel the intricacies of the disposition process, drawing parallels across wholesaling, commercial real estate, and the broader real estate industry, providing insights for both novices and seasoned professionals. DALLAS–(BUSINESS WIRE)–
CBRE was the top-ranked firm for commercial real estate investment sales in the U.S. during 2023, according to MSCI Real Assets—the 18th consecutive year that CBRE has claimed the top spot. Throughout the five-part program, participants learn crucial real estate concepts like site selection, sourcing and structuring capital, development, day-to-day operations, and the acquisition and disposition of a property. We assist institutional owners, developers, shopping centers, chain stores, restaurants, entrepreneurs, owners, and other sophisticated commercial entities in their legal transactions throughout the U.S.

Commercial Acquisition and Disposition – Western PA, Cranberry Township and Pittsburgh Area Brokers

Real estate asset management can feel convoluted and overwhelming without a sound financial analysis and a deep understanding of all property types. Senior managers already have their hands full with other vital responsibilities—so figuring out the perfect approach for a real estate disposition process can become an uphill battle. The buyer or property owner then has to provide all the necessary documentation regarding the property in order to facilitate the funding process. As market conditions and asset performance change, a thoughtful strategy and process for real estate acquisitions and dispositions is key to maintaining a strong portfolio performance.

Exchange Checklist for Investors to Follow

For instance, if one buyer specializes in multifamily properties, it doesn’t make sense for you to contact them if your wholesale property is a single-family home. If you keep a detailed list of what each investor is looking for and what they are willing to pay, it will make this process much easier. For some real estate professionals (particularly investors and wholesalers) the task of overseeing this process is delegated to a transaction coordinator. Reaching an agreement between parties in a real estate transaction is only half the battle; what follows is the meticulous closing process.

This is the act of real estate portfolio optimization, which is evaluating real estate assets and operations to discover efficiencies, lower costs, adjust strategy, and maximize value. Karin has many years of property management experience from small startup firms to a large regional company. Problem solving, tactical management of multiple teams and a working knowledge of day-to-day business operations are strengths that Karin brings to the table. Other areas of expertise include captive insurance management and family office accounting for principal partners. She brings over 25 years of experience in sales and marketing in the investment and real estate industry. Most recently she spent 8 years at Broadmark Realty Capital Inc. and Broadmark Capital LLC, raising capital for a series of private lending REITs that ultimately led to the IPO of the company.

Chris oversees a team of property and construction managers to provide management services to approximately 5M square feet in a 7-state geographical service area. Chris also works closely with multiple financial institutions to meet their bank branch real estate needs which includes a 140-branch system across a 3-state geographical area. Jay’s team excels in Investment sales with multiple transactions each year ranking them annually as a top producing entity.

Venable’s Real Estate lawyers regularly represent owners, developers, corporate users, and investors in real estate acquisitions and dispositions of a broad spectrum of real property. Our clients include Fortune 100 and Fortune 500 companies, private equity funds, pension funds, investment management firms, public and private REITs, national and regional homebuilders, family offices and high-net-worth commercial real estate acquisition and disposition individuals. During this process we regularly collaborate with our tax, land use and zoning, environmental, construction, Maryland REIT, and corporate groups to structure and complete the transactions in a timely and efficient manner. At CEP, we evaluate dozens of leads each year but only undertake a comprehensive analysis on a few core plus investments that pass our initial screening.

These services have helped corporate client’s real estate needs in over twenty-seven states from coast to coast. He also served the international needs of his clients in six countries including a facility in Turrialba, Costa Rica with 230,000 square feet on 35 acres. Binswanger is known to be a world leader in the acquisition and disposition of industrial and supply chain facilities.