Services
CHARTER'S SERVICES
BROKERAGE, FINANCIAL, CONSULTING, & ASSET MANAGEMENT SERVICES
Charter offers an all inclusive package of services to properly analyze, develop and manage many types of real estate assets. Charter brings years of extensive knowledge in all areas of real estate including Commercial Office, Retail, Industrial, and Hotel, development. Whether a lender, developer or investor in real estate, Charter can tailor their services and assign their allied team members to provide the types of services needed to meet your needs to properly manage the asset to its fullest capability.
Charter by performing proper due diligence for Investors, Financial Institutions or Developers will gather all pertinent information related to the asset to properly assess where the project stands today. This is required to summarize the current status of the asset for Investors, Financial Institutions or Developers. Whether for Investment, Sale or Acquisition all available zoning, title, liens, easements, utilities and access will be researched to determine any entitlement issues as well as structures, improvements, engineering and architectural documents, and project personnel (if applicable) will all be reviewed. Financial material will be reviewed including construction estimates, financial pro-formas, financing, draws, and any unpaid bills will be gathered and summarized. The existing marketing plan and demographic target information will be reviewed as well.
Charter will then assess the material and provide the client with market and alternative uses. Possible changes to the design, construction or management will be presented to improve costs and marketability. Financial update recommendations will be made to improve the return on the asset. A final marketing plan to move the project forward will be presented to summarize the recommendations.
Charter will then manage and oversee on the clients behalf the requirements needed for Engineers, Architects, Contractors, Marketing & Legal Counsel required for the implementation stage for the services needed. Charter and its assigned team members offer the full spectrum of development and management services to bring the asset to the stage of completion with total and comprehensive coordination of services thus eliminating down time and to complete the transaction.
“Initial Project Review Stage”. Charter will gather all pertinent information related to the asset to properly assess where the project stands today. All zoning, title, liens (if any), easements, utilities and access will be researched to determine any entitlement issues. Any Structural Issues, Engineering and Architectural documents, and Project Personnel (if any) will be reviewed to determine the current status. Any available financial material will be reviewed including construction estimates, pro-formas ,financing, construction draws, and any unpaid bills will be gathered and summarized. The existing marketing plan and demographic target information will be reviewed as well.
“Project Recommendations Stage”. Charter will then assess the initial project review material and provide the client with Optional Market and buyer profiles will be assessed. Possible changes to the design, construction or management will be presented to improve costs and marketability. Financial update recommendations will be made to improve the return on the asset. A final marketing plan to move the project forward will be presented to summarize the recommendations.
“Project Implementation Stage". Charter can will then manage and oversee on the clients behalf the requirements needed for Engineers, Architects, Contractors, Marketing & Legal Counsel required for the implementation stage for the services needed. Charter and the team members offer the full spectrum of development and management services to bring the asset to the stage of completion with total and comprehensive coordination of services thus eliminating down time to complete the requirements of the transaction for sale, acquisition, or completion.
BROKERAGE AND INVESTMENT SERVICES: Charter Commercial Realty Group is currently focusing on quality small to medium size commercial real estate for current or future investor clients through its brokerage membership in ICBOR (Indiana Commercial Board of Realtors), CCIM (Certified Commercial Investment Managers) ICREX (Indiana commercial Real Estate Exchange) Loopnet Listing Services (loopnet.com)and the many other affiliated National Real Estate Listing and Investment sources to which it belongs.
TYPES OF PROPERTIES: These properties are usually those wherein an Owner, A Financial Institution or Developer is looking to sell or liquidate the debt or to appoint a receiver or to provide a method of working out the development for a favorable outcome to mitigate losses or an owner/developer may be in need of added liquidity or possibly an investor looking to acquire properties. Usually these are well positioned real estate assets, which may require Charter to provide its services to position the asset for the best marketing opportunities for absorption by tenants and/ or investors for long term growth potential.
INVESTMENT TYPE PROPERTIES: Charter Commercial Realty Group is also focusing on the investment opportunities for its current investor group or future investor groups to acquire the following types of properties:
SPECIALTY RETAIL OR SERVICE CENTERS, MEDICAL, DENTAL, OR MEDICAL RELATED OR PHARMACEUTICAL PROPERTIES: With the advent of a service oriented society and the largest baby boomer generation ever in this country who are interested in convenience, or their medical , fitness, or pharmaceutical needs or small to medium size retail centers offering neighborhood convenience, medical or medical related properties make for good long term growth investments. The current financial interest rate markets and purchase prices are making the opportunities for holding these properties for longer term growth investments offer good conservative returns on those investments.
OFFICE/WAREHOUSE/DISTRIBUTION PROPERTIES: Additionally, Charter Commercial Realty Group is focusing on the small to mid-size office/warehouse/distribution/industrial use properties for investment as a Central Indiana location due to our road system. This provides a distributor the opportunity for a central location, a solid labor force with reasonable wages, and cost of living, and to capture their points of distribution thus maximizing the fuel efficiency related to time and diesel fuel costs.
Currently FED X from the Indianapolis Terminal (which is the second largest in the US) services 65% of all business centers in the US by road from the Indianapolis Terminal.
ASSET MANAGEMENT SERVICES: Managing Real Estate assets to ensure the positioning in the market place to achieve maximum exposure and opportunity for success. This Would include study of demographic profiles, market compatibility, historical expenditures in the market, matching development product to market, income profiles, median housing pricing, gravitational flow of traffic, exposure opportunities, as well as financial structure of any debt on the asset and ongoing market trends.
PROPERTY MANAGEMENT SERVICES: Constant evaluation and inspection of physical components of property, assurance of tenancy, review of leases, review of tenant financials, review of leasing opportunities. Evaluation of the physical property condition, collection of rentals and review of expenditures, existing tenant profiles and tenant marketing efforts, review engineering, environmental or construction issues and ongoing budgeting for operations. This is a component of the Asset Management functions.
These opportunities exist currently and for the near future due to many economic influences on the market place for financial institutions or owners /developers needing added liquidity. With interest rates for financing at significantly lower borrowing rates this offers great upside investment potential for these type properties as well.
Many of the above types of investment opportunities must utilize the services provided by Charter and our professional team for financial institutions, mezzanine lenders, developers and existing or future investor clients.
In essence a one stop shop for anyone who needs a professional experienced approach to the ongoing real estate investment market.
Brokerage, Consulting, Development, Finance Investment and Asset & Property Management Services
Each or all of these services are tailored for each specific client and asset. Charter can assign a team of professionals that can provide all of the needs for various projects on an ala-cart basis as the services are needed. The cost of services varies depending on the scope and type of asset and can be budgeted on a phase by phase basis. Enclosed you will find additional information on the members of Charter Real Estate Services and the various team members available to Complete the requirements of the asset. We look forward to the opportunity to discuss your needs in more detail.
As Will Rogers once said
”Put your money in Real Estate as this is all we have of it and even if we could re-manufacture it we have no place to put it”
