Generally limited physical and market observations generated via an inspection of the property and interviews with area professionals. Site inspections are preferred when the goal of the client is for a cursory overview of an asset and where evaluation is being handled in house. Inspections return observations with regard to subject occupancy, deferred maintenance, market supply and demand, and typical leasing terms. We have completed numerous site inspections across the eastern half of the United States.
Market & Feasibility Studies
The delineation and investigation of a particular market to determine optimal use and the analysis of a specific use within a market to determine feasibility. GRHCo will study a market and analyze existing and future supply and demand factors to determine potential uses within a market. Moreover, GRHCo will analyze a proposed or existing use within a market to determine that it will meet specific investment criteria.
Deals with a broad range of custom-tailored analyses designed to meet the client’s objectives. Examples include combining site inspections and loan file review to create a Derived Investment Value “DIV” report(s) for an individual or a portfolio of properties or loan(s). Although market information may be gathered as part of the assignment, the client is ultimately responsible for the selection of the investment assumptions. Depending upon the scope of the assignment, this service can be provided on a national basis.
Highest & Best Use Studies
Is an analysis to determine the 1) legally permissible, 2) physically possible, 3) financially feasible, and 4) maximally productive use for which a site or property could be utilized. For raw land, highest and best use analysis could propose subdivision or development with a specific use(s). For improved property, a highest and best use study could reveal renovation, conversion, or redevelopment as the maximally productive use. GRHCo provides this service on a local basis.
Cash Flow Forecasting/Analysis
Tests the reasonableness of income and expense assumptions used to develop stabilized or multi-year operating proforma income statements. Comparable market information is researched to determine reasonable market rent, vacancy, and expense figures. Computer programs and sensitivity analysis aid in forecasting income and expense growth. Depending on inspection requirements, this service is provided on a national basis.