Overview

The development cycle of distressed assets can be broken down into three phases: Purchase, Renovation, and Asset Stabilization and Sale. However, within each of these stages, there are a multitude of other task aspects in which VIP Development and its strategic partners specialize and meticulously manage:

  • Purchase:

    VIP uses its leadership and strategic partners to locate a property (VIP develops national capital investment strategies and criteria, and promotes optimal investment decisions not only for acquisition, but utilization, construction, renovation, leasing, and disposition activities), physically inspect the asset, forensically recreate the property’s previous financial performance, negotiate the purchase contract, finance the purchase of the asset (by working with banks, private lenders and private investment groups; whether individuals or institutional), and close on the purchase of the asset.

  • Renovation:

    VIP uses its leadership and strategic partners to create a construction scope by working with architects/engineers, bid the work to competent subcontractors, create the construction contracts, negotiate the construction contracts to optimize pricing, manage the construction onsite, and create an accounting record of all construction costs.

  • Stabilization and Sale of Asset:

    VIP uses its leadership and strategic partners to: develop asset management strategies (asset business plans, budgets, asset performance measurements and targets, strategies to improve asset performance, benchmarking of portfolio and asset performance), determine market rent (pricing policy), market the property for lease, occupancy administration, pricing policy, asset valuation, market the property for sale, negotiate sale contracts, and close on the sale of the property.