|
|
|
|
ACQUIRE ASSETS
OPPORTUNISTICALLY
Target and acquire primarily hospitality,
office, retail, and multifamily/residential assets
that exhibit one or more of the following
characteristics:
-
Will be acquired below replacement cost.
-
Are located in primary and secondary markets.
-
Have “correctable” operational and/or physical deficiencies such as poor management, existing vacancies or rollover exposure that, with improvement, will result in increases in net
operating income (NOI) creating a profitable exit strategy.
-
Have a current or near-term cash flow component.
-
Represent an opportunity to create value through the
application of skilled, proactive management.
|
 |
|
IMPLEMENT VALUE-CREATION
TECHNIQUES
Once an asset is acquired, one or more of the
following value-creation techniques will be applied to
grow NOI by:
-
REPOSITION: Many real estate assets in this market are left physically neglected due to lack of capital investment and professional management. Laurus Corporation uses its extensive management and
development experience to reposition and/or rehabilitate each asset with the most efficient possible capital expenditure plan to generate the highest return on equity.
-
RE-LEASE/RE-TENANT: Laurus Corporation targets assets that have suffered from management neglect and lack of marketing. In these situations, Laurus Corporation applies a three-stage process: (1) select an appropriate
third-party management team, (2) implement aggressive asset management techniques, and (3) diligently market the asset to produce the highest NOI through re-leasing and re-tenanting.
-
PORTFOLIO/OWNERSHIP RESTRUCTURING: Laurus Corporation examines portfolio assets to apply a break up strategy where the sum of the individual pieces can potentially
be greater than the whole. As such, Laurus Corporation focuses on underwriting a portfolio of assets to create the highest total value by synergizing assets.
|
|
EXIT STRATEGY
|
|
|
