Multi-family and Condominiums

About Us

 

 

Multi-family and Condominiums

Arcturus develops and implements real estate strategies for multifamily and condominium residential properties – rental or for sale. We conduct detailed analysis on operating and financial performance, develop and implement action plans to address critical issues impacting value, negotiate key agreements with third parties, and overseeing operations of new or partially complete development projects.

 

Development and Construction
Our experience developing and constructing buildings provides us with the ability to underwrite or step into complicated, often partially complete projects. We can determine costs to complete and rebid stalled projects to maximize savings while maintaining quality. We understand how to work with local municipalities and governmental agencies to ensure that unnecessary work delays do not occur.

 

Operations
Our experience building and overseeing property management and leasing teams enables us to quickly assess operations, policies and procedures, staffing, and market position. This allows us to quickly identify problems, design and implement solutions. We understand how to manage sales and rentals, and coordinate marketing teams to properly drive pricing. We can take an active role in weekly meetings (construction, leasing, sales, operations, etc.) to drive team performance and ensure proper attention to detail. In condominium projects, we work together with the Homeowners Associations (HOA) to uncover problems, provide stability for homeowners, analyze budgets, and assist in the management of all HOA related matters.

 

Cash Flow Analysis and Projections
We assess local market conditions, occupancy rates, sales and/or leasing rates and product pipeline in order to develop projections. Employing a bottom-up approach that utilizes our team’s ownership and operations background ensures that cash flow projections have been thoroughly screened for revenue enhancement and expense saving opportunities.

 

Acquisition, Financing and Operating Agreements
We structure agreements to acquire, finance and operate residential properties. We leverage our familiarity with these agreements and our understanding of operational issues when negotiating business terms and conditions.

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