With over 4,000,000 square feet under direct management throughout the United States including retail, multi-family, student housing, medical, and single tenant NNN, First Guardian Group provides complete full service brokerage and property management services. First Guardian Group (FGG) also specializes in turning around distressed commercial real estate assets by providing turnkey solutions to lenders and both new and existing equity owners. This includes owners having difficulty with servicing debt, lacking capital required for TI/LCs, or lacking capital for property maintenance, or facing generalized operational distress. For 1031 or Tenant in Common owners, FGG provides alternatives to avoid foreclosures which could lead to loss of credit standing and added tax burdens including depreciation recapture.
We analyze operational deficiencies, estimate financial needs of the property on a long term basis, and make recommendations for a turnaround. If needed, FGG can provide new equity and re-negotiate debt terms with current and prospective new lenders. With our extensive experience together with our strategic partners and affiliates, we can turn-around challenged properties and make them profitable again to the benefit of all parties.
Our brokerage services include:
SALES
- Develop disposition strategies when market and property conditions warrant:
- Analyze market
- Place property listing out for bid
- Select commercial real estate broker
- Analyze offers
- Provide Listing Services and exposure to multiple potential buyers
LEASING
- Place leasing contract out for bid
- Select best leasing agent and real estate firm
- Oversee leasing agent and hold them accountable
- Analyze market
- Analyze and approve new leases
- Approve lease renewals
- Change leasing agent if necessary
Our management services include:
PROPERTY AND ASSET MANAGEMENT
- Bid out property management services to obtain best price
- Select quality property management firm
- Oversee property manager and hold them accountable
- Change property manager if necessary
ACCOUNTING / REPORTING / ANALYSIS
- Prepare consistent and standardized financial reporting
- Run various cash flow, net present value, and IRR models to validate business decisions
- Escrow reserve analysis
- Model financial impact of:
- New leases
- New financings
- Lease rollovers
- Property disposition
- Vacancy trends
- Capitalization trends
- Market lease trends
LEGAL
- Become single point of contact for legal counsel
- Develop business strategies for counsel to execute against
- Provide practical suggestions to legal counsel
- Leverage our internal staff to minimize legal expenses
BUDGETING
- Develop suitable cash-flow projections based on various "what if" scenarios
- Provide construction management services for unfinished developments
- Assess and develop plan for deferred maintenance, if any
- Set appropriate reserve accounts
- Monitor major building renovation and upgrades (additional fees may apply for significant construction)
INVESTOR INTERFACE
- Prepare consistent and standardized financial reporting
- Provide monthly financial reporting and analysis
- Host quarterly investor calls to review status of property and facilitate decision making
- Make profit distributions
LENDER INTERFACE
- If applicable, negotiate and manage workout and forbearance with lender
- Ensure loan payments are made on time (if cash flow is available)
- Prepare lender packages and solicit bids for opportunistic refinancing prior to and at maturity
- Provide information for loan compliance (insurance, taxes, etc.)
- Monitor loan covenants
- Manage loan maturity
- Obtain new lease approvals
Our experienced team can help optimize the value of your assets and turnaround challenged properties.
