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The Workout Strategies Group

 

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GVA Marquette Advisors is a full-service real estate counseling firm providing comprehensive consulting services on property projects of all types.  Today, GVA Marquette Advisors offers highly specialized consulting services to lenders, lenders’ attorneys, and others facing workouts and required repositioning of property assets across  North America.

We are not brokers seeking engagements; financiers seeking commissions; managers seeking management assignments. We hope to be your valued advisor and counselor.

GVA has, over 30 years, provided business plans, management analysis, valuations and recommended strategies to recast property assets to enhance and create value. We have done this across the spectrum of property types;

  • Retail

  • Office

  • Industrial for investment

  • Research Parks

  • Condominiums

  • Raw Land

  • Hotels

  • Golf Courses

  • Residential Developments

  • Full Service Resorts

  • Casinos

  • Hotel Condominiums

  • Apartment complexes

We have done this in the Twin Cities and Seattle, and across  the United States, Canada, Mexico, Bermuda, and Western Europe. We have direct experience in asset managing millions of sf of properties of all types in diverse locations and can bring this experience to bear for you.

 

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Services

We provide as much value to our clients as possible. Creating strategies to acquire, reposition, and enhance the value of troubled property assets is a skill which is rare. Fortunately, we have had years of experience in the following areas which are essential to creating value enhancement strategies that work;

  • Business Plans

  • Financing and development of all property types

  • Market and Feasibility Studies

  • Valuations

  • Financial projections rooted in performance reality

  • Management of millions of sf of all property types

  • Brokerage-Sales and Leasing

  • Asset Management of large property portfolios

We can do the following for you:

 

Property Evaluations- We can identify, and assess the property that is your collateral.

  • Inventory the asset-size, and improvements

  • Identify outstanding physical defects and possible costs to cure

  • Analyze the performance of existing management and marketing programs

  • Recommend changes in management and marketing as necessary, with specific provider recommendations

  • Value the asset under a variety of conditional scenarios

  • Recommend strategies to preserve, and create value, during and after the foreclosure  process

  • Asset management of all resources necessary to execute strategies

Business Plans – We can execute full and complete business plans which can be used as planning tools during the foreclosure process. These plans use the full gamut of the analytics discussed above, and in addition can contain

  • Comprehensive valuations

  • A road map for receivership, management, and asset management for the asset

  • Comprehensive and realistic identification of capital requirements to manage and maintain asset

  • Comprehensive and realistic financial projections

  • Likely time and strategy to disposition

Property Performance Enhancement – In response to the increasing competition that is occurring in most markets, we have developed consulting services aimed at improving property operations and profitability.  Areas of focus include: re-alignment of profit centers to create unique and profitable operations that function better; improved marketing efforts; improved labor productivity; and improved human resources function.

 

Strategy Execution- We can stand by your side through the process of executing strategies to preserve and create value in your troubled assets. We can, and have, acted as management consultant, asset manager, and valued advisor in a effort to properly administer complex real estate investments. We have overseen the management and asset management of millions of sf of office, hotel, retail, and residential properties, negotiated hundreds of millions of dollars of loans, valued billions of property investments, and successfully executed complex turnaround programs across the US.

 

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Experience 

The principals of GVA have a combined total of 50 years of consulting experience, spanning multiple business cycles.  Our experience spans property operations of all types and forms, and in many geographic areas. We have, quite literally, seen it all.

          We have seen:

  • The effect on property of extreme increases in supply

  • The effect on property of changes in macro-economic circumstances

  • The effect on property of convoluted ownership/partnership structures

  • The effect on property of financing arrangements that create operating difficulties

  •  How workout plans that are not thought through or realistic can go awry

  •  How increases in financial complexity has impacted property investment demand

  •  Markets that repeatedly inflate and deflate in boom and bust cycles

  •  Markets that tend to perform more evenly over multiple cycles

          We know:

  • How to assess a troubled property asset in all respects; market conditions, and operational structures

  • How to grasp and finish partially completed construction projects

  • How to evaluate, match, and hire the best leasing and management talent to a specific property

  • How to dissect complex structures, both ownership and financial, to maximize value

  • How to create business plans that are realistic, account for moving market conditions, and work

  • How to act solely as your advisor and counselor.

          We can do this on:

  • Retail

  • Office

  • Industrial for investment

  • Research Parks

  • Condominiums

  • Raw land

  • Hotels of all types; full service, to economy

  • Residential development programs of all types

  • Golf Courses

  • Full Service Resorts

  • Casinos

  • Hotel Condominiums

  • Apartment complexes

 

          Examples are multiple; a few are:

  •  Developed strategy to restart development of 240 acre business park in Eagan, MN

  • Oversaw execution of development of 250,000 sf office building in Minneapolis, MN

  • Oversaw comprehensive strategic development of sale strategy of 500 acres in NY.

  • Asset managed 300,000 sf retail development in MSP CBD

  • Developed business plan to acquire and redevelop 1,200 room casino hotel in Reno, NV; including development of excess 100 acres

  • Was primary advisor to then minority partner in Mall Of America partnership dispute, formulated strategy, was principal expert in litigation. Result; minority partner now owns MOA.

  • Assisted financier in developing liquidation strategy for 160 K-Marts as a result of a bond failure

 

          We can assist you through our national network of relationships in finding the right people:

  • Architects

  • Engineers

  • Attorneys

  • Surveyors

  • Property management companies

  • Leasing agents

 

For more information, call 1-888-334-3061, or email Louis Frillman

 

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