Vantage Point Real Estate Development Management, LLC senior professionals specialize in solving the space needs of a wide range of institutions, including hospitals, governments, universities and corporations. Many of these institutions ring the downtown core areas in cities and, as such, have assets facing increasing demands for development. Others have real property holdings located in diverse geographic settings, but these institutions require increased income to support operations and wish to pursue development of these properties.
Faced with increased administrative and medical expenses, hospitals often creatively package their land assets and transform them into revenues needed to support operations. Projects have included medical office space to support these institutional users, as well as speculative projects and other developments created to increase revenues and funding for their institutional purposes.
Our senior professionals advise officials in all levels of government who seek to maintain public infrastructure in the face of increased public opposition to funding government projects. Some of the creative methods successfully employed by public decision-makers did not require voter approval, use government debt or employ government procurement processes for contracting. Instead, many government entities have caused public projects to be constructed at no direct cost to taxpayers by using “swaps of land for building space” or “asset bartering” techniques to cause construction.
Asset management approaches have been formulated for universities endowed with land and buildings. Techniques used to add space have included execution of long-term, unsubordinated participating ground leases, and other co-venture efforts designed to meet revenue-enhancement expectations. Many of these efforts have resulted in group meeting spaces, laboratory/research facilities, housing projects and high- technology parks for educational institutions.
Property evaluations have been provided for private institutions including corporations and banks. These efforts have resulted in the provision of headquarter space, branch banking facilities and development of properties by bank holding companies for revenue-generation purposes.