Wafra can provide asset management services to debtors and lenders in the real estate industry. 
Our function is not a duplication of management that adds another burdensome layer of fees. Rather, as oversight manager, we are authorized by owners or lenders to monitor the operating efficiency and value of their assets when such expertise is not available in-house.
Wafra can ensure that your asset is properly supervised and well managed. We seek to create efficiencies and dollar savings that more than offset related fees.
Our services include:
- Preliminary Financial Analysis - We conduct a desktop review of recent years' financial operating results to identify trouble spots and develop strategies for turning them into positives.
- In-Depth Financial Review - We review the property's accounting history to assure that financial reports - monthly income statements, balance sheets, accounts payable, accounts receivable, general ledger and trial balance - are done in an exact and timely basis.
- Management Operations Review - We conduct a thorough review of existing management to determine whether there exists a possibility of enhancing the profitability of the operation. This review includes an in-depth analysis of operating revenues and expenses, personnel utilization, whether revenues can be improved through aggressive marketing, and if expenses can be reduced through more efficient internal controls.
- Market Position Analysis - A market study is conducted to determine if supply and demand coincide with the property's marketing position and whether the property can improve its position through new management or an overall repositioning of the property. If required, the formulation of a preliminary marketing plan for the property will be established to achieve new goals.
- Financial Projections/Considerations - At the conclusion of the market position analysis and the review of the historical financial operating data, we project future revenues and expenses, and create a detailed plan of future projected net results before interest payments, amortization, or income taxes.
- On-Sight Review/Renovation Strategies - Physical assets are reviewed to determine whether renovation is necessary, and what dollar investment may be required. Typically, a plan may be proposed that would either maintain the market niche presently occupied, or enhance the property to improve the image and market niche.
- Marketing Plan Critique - After examining the marketing plan, we review the objectives and action strategies with a view towards maximizing the property's potential. If we find deficiencies in the plan, we will assist in the reorientation of the marketing plan and goals.
- Ongoing Management Review - Wafra works with the owner/borrower to establish a closer, more demanding relationship with the management/leasing company of the property.
- Market and Feasibility - We determine overall market conditions specifically correlated to the subject property. This includes a financial analysis of current operations, review of the property marketing/leasing plan, and a determination of market position.
|
