Commercial Property Management

Commercial Property Investment – 6 Reasons Why You’re A Winner With Property Syndicate Investments

Posted on November 15, 2011

Truth of the matter is commercial property investment has traditionally been the preserve of life insurance and pension funds and the sophisticated, hard nosed big fish of the rich list. The advent of property syndicate investments has given investors lower down on the food chain the opportunity of pooling resources to take advantage of the big money returns and capital security once thought to be the preserve of the rich. The rich use commercial property strategically in their wealth planning management. Here are 6 reasons why you too should invest in commercial property through the medium of property syndicate investments and use the same wealth building strategies and tactics of the rich.

1. Security - unlike most other forms of investment, the supply of land is limited. Also, some people simply love property because you can touch it and that makes them feel safe. Commodity and share certificates are simply promissory paper notes - just promises. The only thing that will wipe the value off your property completely is if it becomes permanently submerged. In finance, property provides ultimate security to which most lending is tied. If the creditor can not repay, the property will revert to the lender. Consequently, if you have a primarily defensive investment strategy, property will provide you with a level of basic financial security which no other form of investment can rival.

2. Capital appreciation - commercial properties normally appreciate in value. Syndicates will have an acquisition strategy which will build in a lot of value on Day 1. Conversely, a different strategy will seek to maximize returns on disposal. Commercial property will generally appreciate over time. By their nature, these investments are generally medium to long term - 5 to 7 years - in duration. This allows the acquisition fees to be absorbed and capital value to appreciate significantly over years before sale. Timing can also be used to take maximum advantage of market conditions during a sale campaign.

3. Investment Yield - Typical yields will depend very much on location. "A Location" or trophy properties in high profile locations will typically have a much lower yield because of acquisition costs. Very attractive yields of 7%+ can be had in "B Locations" however. Selected "B" Location objects should have substantial rent surpluses to offset against gearing and maximize the big money return at the end of the project. Syndicate managers will seek to improve yields during the investment term by increasing occupancy and obtaining modest rent increases, especially if the investment was acquired off market or rescued from insolvency.

4. Bank Finance - the rich and powerful life and pension funds by virtue of their sheer size can obtain very favorable fixed rate bank finance terms for their land deals. So too can you when you join a Property Investment Syndicate. Experienced syndicate managers work on the basis of strong ties with the security departments of a handful of German banks. All leverage involves risk and these banks are well situated to understand and appraise the nature of the investment syndicate's business proposition. Check the gearing ratio and be very cautious with your hard earned cash.

5. Due Diligence - When you decide to invest in a Property Syndicate Investment at home or abroad, you're buying into the specialist services of a wide range of skilled professional practitioners which otherwise would be unaffordable. Property developers and managers, engineers, bankers, tax accountants, tax lawyers and conveyance lawyers will appraise an opportunity in minute detail. These people know that the day you buy is the day you sell. They will turn every stone at acquisition to ensure a quick snag free sale down the road. These professionals operating as a team will combine to provide synergies which will deliver enhanced value and more money in your pocket at the end of the day.

6. Management expertise - When deciding to purchase an investment you may intentionally favor a property which lacks a particular feature or which could benefit from structural upgrading or added amenities. If the value of the improvement exceeds the cost you have just increased your equity stake in the holding. Investment managers in conjunction with other property professionals on the team will seek to improve equity by sticking to the schedule of maintenance and repairs, seeking to make cost effective structural improvements, rental covenant reviews and so on.

First Time Commercial Property Buyer – Important Information!

Posted on November 5, 2011

One very profitable investment decision for a business to make is to purchase its own office property. If this is the first time a company has purchased commercial real estate, doing adequate preliminary research and not making a hasty decision are important steps in assuring a successful outcome to the process.

There are two forms of real estate investments: commercial and residential. Within these forms are four category types: retail, multi-family, industrial and office.

  • Retail- Shopping centers, hotels, medical centers and malls.
  • Multi-Family- Apartments, single-family residences, duplexes and condominiums.
  • Industrial- Commercial garages, industrial use land and warehouses.
  • Office- Multi-unit buildings or other buildings for office purposes.

While going through the buying process, listed below are factors that should be considered when buying commercial real estate:

Property Location

Choose a location carefully. Some additional money may need to be spent in order to invest in a desirable area. As an example, if the choice is to invest in rentable residential real estate, make sure that it is located near shops, parks, and schools. Shopping areas, parks and schools should be accessible so that potential renters want to live in the building.

Be sure that an inspection is performed and an appraisal is ordered to assist in the determination of fair market value. Make sure a title search is performed to avoid any potential property problems. It is imperative to ensure that the property is free from any outstanding liens.

Financial Goals and Requirements

Each company should have made a thorough assessment of their financial goals and requirements regarding investment purposes. Consider whether the purchase is for occupation, rental or re-sale intentions. If purchasing the real estate for income purposes, it is important to calculate the cost of the property. These costs may include having enough money in the bank to cover expenses for a few months in case of vacancies or renter defaults. If purchasing the real estate with the intention of selling it in a couple of years, purchase property at a low price that allows for necessary repairs. Then it can be rented for a while and later sold in a few years for a reasonable profit.

Partners and Connections

Hire an attorney to review any and all contracts before signing them. There are different laws that pertain to commercial real estate, particularly when it comes to reporting any income earned from the property.

Also, be sure to use contractors that are licensed, bonded and insured as this will ultimately save time and money. They can make necessary renovations and repairs so that the eventual sale of the property will be profitable.

Time

One of the most valuable assets of any company is time. Any profitable commercial real estate investment is going to require time to properly manage this asset. Consider being a resident landlord and living in the multi-unit real estate that has been purchased. This provides the advantage of responding to the tenants' immediate needs and helps ensure a well-maintained property.

Conclusion

The fear of financial risks involved when investing in commercial real estate for the first time can sometimes be an overwhelming experience. As is true with any property purchase, it is always appropriate to seek the help of real estate brokers or other professionals about any questions that may arise. This may help lower stress levels when making decisions about this purchase. It is imperative to get any information available regarding the condition of the property and the price. Be prepared for unforeseen future expenses while staying within budget; this will help to avoid future financial difficulties for any company. Following the above advice will help all first-time commercial real estate buyers make the right decisions!

Can an REIT Help Me Buy Commercial Office Space?

Posted on October 21, 2011

The purchasing of commercial real estate involves a challenge to many companies as well as a large capital investment. It raises many questions about the advantages of such a purchase for a company as well as what other options are available if there is not enough capital to purchase commercial office space. Maybe thought needs to be given about an R.E.I.T.

Definition

R.E.I.T. stands for Real Estate Investment Trust. It is owned by real estate companies and operates by producing income through such property. There are two requirements to qualify a company as an REIT: its assets and income must be tied with property investments and annually, 90% of its taxable income must be distributed in the form of dividends to its shareholders.

Benefits

There are at least five reasons why many financiers have embraced the REIT approach:

  • Diversification- REIT has more potential diversification when compared to other classes of assets.
  • Dividends- When it comes to industry performance, REIT has a more reliable income return.
  • Liquidity- Investment in property is considered as non-liquid and ultimately immovable assets.
  • Performance- The long-term returns offered by REIT's are considerably stronger.
  • Transparency- REIT offers transparency in both taxes and operation.

Function

An REIT is an option of putting money indirectly in commercial real estate for businesses with insufficient capital to directly purchase property. An accredited REIT company will handle the investment, purchase and maintain the property, look for tenants, etc. All the purchasing company has to do is buy shares in the REIT, just like acquiring stock.

Advantages

An attractive leasing rate is one of the biggest advantages to a company when acquiring this type of office space. Real estate yields better results, even in areas where there is new construction, but is limited by land or law.

In addition, putting one's money in commercial office space offers more benefits as tenants tend to have longer contracts than tenants of residential real estate. Often, leases for residential real estate last for as little as 3 to 6 months, maybe up to one year. For this reason, commercial office space is more stable, with reliable cash flow from long-term tenants occupying the building.

Further Considerations

Entrusting one's money in commercial real estate can be any company's biggest and most challenging decision. Business owners should look at this type of real estate solely as an investment rather than a partial-use property. One of the most important factors to consider in the evaluation process is supply and demand. Taking supply and demand into consideration can lead to investment in areas where there are low vacancy rates and where available space is a rarity. Low supply with higher demand means rental rates that are favorable to investors.

Acquiring commercial office space that meets business needs as well as being within budget is an important accomplishment. Investing in this type of office space could eventually help a business achieve further growth and expansion in the future. It is therefore possible that an REIT could indeed be the answer in the acquisition of commercial office space for many companies!