Opportunity screening
Establish the asset type, location, information quality and proposed relationship. Test the local demand story before expanding the work.
Working output
A source register, demand thesis and initial investment model.
Our approach
From a possibility to a considered decision.
A framework for turning an initial property opportunity into a project that can be assessed, executed and supervised. These are our proposed working methods, not a statement of completed mandates.
Investment assessment
Reconcile operating records and assess title, use conditions, technical condition and capital expenditure with appropriate professional advisers. Compare a base case with downside scenarios.
Working output
A diligence work plan, costed improvements and scenario analysis.
Transaction planning
Make economic rights, responsibilities, funding, fees, decisions and exit arrangements explicit. Separate commitments from assumptions that still require verification.
Working output
A proposed structure, responsibility schedule and decision conditions.
Active asset management
Build budgets around leasing, pricing, channels, maintenance and cost control. Define operator reporting and follow actual performance against the agreed plan.
Working output
An operating budget, reporting rhythm and accountable action plan.
Capital management
Review debt service, maturity, reserves and available refinancing terms alongside operating cash flow. Treat borrowing as funding, with a repayment obligation.
Working output
A liquidity schedule, debt calendar and reserve policy.
Hold, partner or exit
Revisit the rationale for ownership as operations, capital requirements and executable transaction terms evolve. Compare alternatives on a consistent cash-flow basis.
Working output
A documented comparison of continued ownership, partnership and disposal.
A shared vocabulary
Useful measures. Understood in context.
These definitions support a consistent conversation. They are not investment thresholds or performance targets.
NOI
Net operating income
Property operating income less property operating expenses, before financing costs, income taxes and capital expenditure. Define the cost perimeter before comparing assets.
LTV
Loan-to-value
Loan balance divided by the stated property value. A change in valuation changes the ratio even when the debt balance stays the same.
DSCR
Debt service coverage ratio
The agreed cash-flow measure divided by scheduled principal and interest. The numerator and calculation period must match the lender’s definition.
Indicators should be read together with cash timing, capital expenditure and the underlying documents. A single ratio cannot establish investment suitability.
Build a considered partnership
Good partnerships start with a conversation.
Different perspectives. A shared focus on the underlying asset.