Expertise

Real estate development is an exciting yet highly complex process. Large ground-up projects usually take 5-7 years or more from start to finish. It requires time, knowledge and skills to carry out development projects successfully. HTH along with its partners have the hands-on experience to navigate through the long and complicated process and deliver superior returns to the investors.

Acquisition

Pre-Acquisition

Market analysis
Deal sourcing
Site valuation
Zoning analysis
Programming/concept design
Preliminary cost and schedule
Deal negotiation

Underwriting

Risk analysis
Affordable housing analysis
Capital stack analysis (tax credit, bond financing, etc.)
Ownership structure (JV/co-developer)
Acquisition options (fee owner/ground lease)
Promote structure
Financial modeling (Preliminary Proforma)

Pre-Closing

Letter of intent (LOI)
Contract negotiation
Financing
Fundraising
Due diligence (Phase 1/2, legal, accounting, lease, asset walks, interviews, etc.)
Final Proforma and business plan
Closing

Development and Construction

Development

Entitlement, rezoning and ULURP
Demographic deep-dive/customer profile
Final design development
Coordination with marketing/leasing, property management, and contractors
Final budget and schedule (Proforma update)
Community engagement (including access agreement with neighbors)

Construction

Procurement and purchasing
Permitting
Demolition, excavation, and HAZMAT removal
Construction
Cost and schedule control
Temporary certificate of occupancy (TCO)
Punch List

Lease-up and Asset Management

Lease-up

Opening
Staff hiring and training
Marketing/branding
Sales
Leasing
Retail and commercial tenants fit-out
Property management
Proforma update

Asset Management

Budgeting
Marketing
Market research
Reporting
Refinancing
Lease renewal
Capital improvements
Value-add development and repositioning
Disposition

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