Advisory Services

First Evergreen periodically provides real estate advisory services to property owners and major real estate companies on a contract basis. As part of these services, First Evergreen has provided input on modifying a property's use, advising on improvements and renovations required, representing ownership on lease negotiations, consulting and owner liaison on debt and equity financing and recommendations and implementation of processes to improve the timeliness and accuracy of rent billings. Some representative projects include:

  • Renovated, re-tenanted and financed a 450,000 square foot office park. A tax deferred sale of the property to a REIT was negotiated and consummated.
  • Appointed asset manager on a 15 building portfolio of class-A office buildings that required a major leasing and repositioning effort. Through our efforts, the portfolio was successfully sold at the end of the assignment.
  • In two separate transactions, retained by the building tenant to provide analysis on cash flows, verification of operating costs and negotiated the purchase price and financing of their buildings.
  • Oversaw the development of the purchase and conversion of an inner city factory building to residential condominiums. After working with the developer on the plans and costs estimates, we determined through independent pricing that the preliminary budget was materially understated for the work required and the project clearly exceeded the developer's expertise level. We recommended that the equity partners not start the project. In follow up, the developer attempted the project with a different group that did not complete the project as a result of cost over-runs and construction violations.
  • Over the last several years, First Evergreen provided advisory services for the due diligence and purchase of thirteen properties. After the purchase, First Evergreen provided property management, financial reporting, state and local tax compliance and assisted in the sale of assets and dissolution of the entities. The holdings were comprised of five excess land parcels, four fast food locations, and four warehouse buildings.