Global Corporate Services | Asset Repositioning Management Practice Group

Underutilized and surplus real estate assets represent untapped opportunities.  The key to unlock the intrinsic value of the underlying real estate for properties with significant legacy issues is to take a strategic, coordinated approach.  By integrating business operations, environmental management, facility decommissioning, asset recovery, risk management, economic development, entitlements, market and real estate strategies, and gearing all activities toward a future use based on solid market research, the potential for realizing more upside is enhanced.  Using proven project management protocols provides more control over the timing and magnitude of costs.  Employing a rigorous financial analysis framework for decision-making accelerates the speed to market.  Knowing markets in all of the key business centers around the globe provides unparalleled exposure.  Asset repositioning is not your core business.  But, at CB Richard Ellis, it’s ours.

Experience

A wide variety of disciplines and literally hundreds of decisions are involved in optimizing the repositioning of properties to prepare them for disposition.  The issues are complex and turnaround projects managed internally inevitably occur in a piecemeal fashion, taking longer than desired to execute, straining already limited internal resources, and increasing the company’s carrying costs in the process.  Moreover, a company must assemble the “right” team -- legal, environmental, engineering, marketing, and other experts -- to properly address a problem asset. That means relying on a mix of internal and external consultants and contractors who tend to operate in silos.  This lack of coordination poses a significant obstacle to achieving a swift, efficient, and financially sound outcome.

CB Richard Ellis’ Asset Repositioning Management Group offers a complete, seamless management solution that begins the moment your company decides to take a property offline.  We manage all intricacies of asset repositioning, including market analysis, community relations, creation of an environmental exit plan, and decommissioning, to name just a few.  As part of the world’s largest real estate services company, we have the scale and scope to complement or supplant your internal team with all of the required disciplines to manage large projects and extensive portfolios of property.

Our veteran professionals have decades of experience repositioning assets for Fortune 100 clients, managing the critical issues in a coordinated way.  We draw on an extensive playbook for crisp project execution, so our clients receive creative, custom solutions tailored to their challenges.  We also help clients find the best qualified consultants and contractors, bringing our negotiating power to bear on the project budget, and reducing the downtime and cost of dedicated internal resources.

The Asset Repositioning Management Group offers one-stop shopping and a dedicated point of contact, which supervises the process and manages all aspects of the project.  Our four-phase approach includes: project initiation; research, evaluation, planning and strategy; repositioning implementation; and dispositioning and marketing/redevelopment.