By working smarter and leveraging our extensive network and experience, Apogee maximizes the value of a development—not only in terms of economics, but what it can offer to investors, businesses, residents and the community as a whole.
One of the most critical activities necessary to achieving a successful real estate development is site selection, along with thorough due diligence. Our process identifies critical issues early and requires an objective and dispassionate evaluation of each unique real estate opportunity. Services provided include:
The economic feasibility of a project must be well established in order to attract investment capital. Our financial feasibility assessment of real estate opportunities help our clients test development scenarios to make highly informed investment decisions. This assessment is based on market drivers such as: absorption and pricing, operating methods and costs, estimates of total development costs and timing, financing structures, and required risk-adjusted returns on investment. Our development modeling techniques come from a combined experience of well over a half century, rooted in accounting and valuation as well as development and financing expertise. This allows us to create strategies for single and multi-use developments as well as planning projects ranging from reimagining and designing a redevelopment site to understanding the market potential for a site due to our ability to foresee entitlement probability.
We carefully vet and select project consultants, saving our clients considerable time and money throughout the development cycle. We establish realistic budgets and schedules that provide the basis for an appropriate financial evaluation of real estate opportunities. Services provided include:
The ability to understand and navigate the multi-layered requirements of zoning and land use regulations and related agency policies and procedures, is critical in securing development entitlements. Apogee REP employs a strategic and comprehensive approach to land use and development entitlement permit processes. We have an extensive and proven track record of success and strive to provide clients with the most effective and efficient pathways to project approval.
By uniquely combining institutional discipline and entrepreneurial spirit, Apogee REP approaches each acquisition and development assignment by being integrally involved in all phases of the process from opportunity identification, initial due diligence, financial analysis, evaluation and documentation to equity procurement, financing, closing, construction and operation management, marketing and ultimately re-financing or asset disposition. Apogee REP and its related entities have acquired and developed more than 10 million square feet of commercial property since its related partners' entry into development in the 1980’s.
In part, Apogee REP has achieved its success by earning the opportunity to enter into multiple joint ventures with national, regional and local investors and developers. Apogee REPs’ partners have varied from the private owner and individual investor to institutional investors, including insurance companies, pension funds and real estate investment trusts. As a result of its property development track record, Apogee Real Estate Partners offers its clients the unique benefit of managing projects with a commercial property owner’s perspective and commitment.
The financial commitment of a real estate transaction or project may involve the participation of investors and lenders to achieve a successful outcome. Continuous monitoring and evaluation of budgets is critical to achieving the expected financial outcome. Services provided include:
Many clients lack the expertise or simply choose not to staff locally for management of individual projects. Construction management services can provide a development partner with ground level “eyes and ears” to achieve a successful outcome. Services provided include:
The successful operation of a real estate asset is the key to its value. This process starts at asset acquisition or upon completion of the development process. Turning over the asset to the operating management team is a critical step in unlocking a property’s cash flow potential. We ensure that the property is in a “rent or sale ready” condition when accepted and help our clients establish initial and ongoing rental rates and sales prices. We assist our clients in selecting the most qualified maintenance personnel and outside service providers to ensure that the property continues to achieve its highest rental rates and sales prices. Services provided include: