NAI Realvest’s Special Asset Services include:

• Creating a disposition strategy based on current market conditions
• Securing the property and enhancing operations
• Ensuring tenant retention and filling vacancies
• Preserving property value and maximizing financial performance
• Development services
• Providing innovative solutions for all commercial property types and vacant land

As your single point of contact, NAI Realvest has the in-house expertise to quickly take control of the asset, complete construction management, maximize operating results, and speed recovery by selling the assets quickly through our national network of industry contacts. Our team of brokerage, property management and development professionals work together to determine the optimal solution for the property, mitigate further deterioration of the asset, and maximize the economic and physical health of the property.

Property Valuations

The first step in determining a disposition strategy is the valuation of an individual asset or portfolio. NAI Realvest can provide a variety of valuations ranging from broker’s price opinions (BPO) to highest and best use analyses. When preparing valuations, we analyze property location and condition, market area dynamics, and recent comparable sales and listings to determine a market value for the asset.

Broker Price Opinion

For an exterior BPO, we visit the property and perform a no contact inspection where we perform a site visit, take property photographs, perform an exterior inspection and record existing conditions. A complete BPO requires access to the interior of the asset and includes an existing conditions inspection. We then research sale and listing comparables in the competitive market area and provide an opinion of value.

Highest and Best Use Analysis

NAI Realvest has the comprehensive ability to evaluate the highest and best use of a property. Our professionals are land entitlement experts and offer their extensive knowledge of local market conditions, competitive land parcels and the regulatory environment to assist owners in formulating a strategy for maximizing the value of their real estate holdings.

Asset Management

The NAI Realvest team of property management and accounting professionals provides full-service asset management services for large institutions as well as single property owners. We have the in-house expertise and resources to comply with the cash management, reporting and accounting requirements for any sized portfolio. Our property managers are committed to preserving and enhancing the appearance of each property and taking the steps necessary to increase its value during the hold period. The asset management team at NAI Realvest oversees the development of annual budgets, capital expenditures, tenant and property legal matters, and billings and collections for each asset. If necessary, a local tax consultant can be retained to successfully challenge property tax values. NAI Realvest also employs a team of maintenance service professionals on a scheduled or as needed basis. Uniformed employees attend to basic electrical, plumbing and mechanical service requests.

Our property management clients have the opportunity to opt into our Master Insurance Program, underwritten by Zurich North America. Our clients have realized savings of up to 60% with this program. Property and general liability premiums are calculated based on replacement cost and total square footage under management with NAI Realvest.

Development Services

When a property is in the midst of halted construction or work-in-progress, our development professionals can manage the construction process to stabilize the property through project completion and sale. NAI Realvest will identify outside professionals to complete the improvements necessary for safety, security and to enhance the value of the asset. Our development team will also review project approvals and entitlements to identify any value-adding aspects and the steps necessary to prevent approvals and permits from expiring.

Transaction Brokerage Services

Traditional transaction brokerage services is the core business of NAI Realvest. Our commercial real estate professionals provide property owners and investors with sales, leasing, marketing and disposition services in the following disciplines:

• Land
• Retail
• Office
• Industrial
• Multifamily

The best strategy is often to stabilize and then sell the asset. We help achieve this by having our asset management professionals create a plan to lease the property, complete deferred maintenance, and position the property for sale.

Property sales are typically appropriate for REO properties or sales out of receivership. We attain maximum value for a property by positioning and targeting it to the most qualified domestic and international buyers. Our goal is to maximize the asset’s ultimate value, which results in a more marketable property and a higher sales price.

We also have the ability to offer commercial real estate assets and loans at national multi-property auctions through NAI Global’s Accelerated Marketing Program, a series of live Auctions, Sealed-Bid or a unique combination of the two formats. NAI Global’s Accelerated Marketing Program speeds up the sale process of any property or asset, and turns the sales process into an exciting, urgent bidding match between serious, qualified prospective buyers.

NAI Global is the premier network of independent commercial real estate firms and one of the largest commercial real estate service providers worldwide. NAI Global manages a network of 5,000 professionals and 325 offices in 55 countries throughout the world. NAI professionals work together with our global management team to help our clients strategically optimize their real estate assets. NAI offices around the world completed over $45 billion in transactions annually. NAI member firms manage over 200 million square feet of commercial space.

NAI Global was recently selected by Citibank, NA as one of three national commercial real estate firms to help it dispose of hundreds of foreclosed commercial properties in the United States on Citibank’s behalf.