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SERVICES
Our turn-key services allow us to provide our clients a 'peace of mind' in the real estate development process. With our vast experience in design, thorough budgeting, building and closeout; we compile a team of professionals that are unique to each project to ensure an exceptional outcome.
Market Analysis & Due Diligence. A market analysis is the foundation that all other due diligence documents, designs and programs rely upon. This study must confirm to all aspects of the feasibility analysis, the operating program, the scope of the construction program and the schedule of services and amenities. Our team possesses a thorough understanding of the regulatory, contextual and market forces which impact a particular site and serve as a basis for revenue projection.
Feasibilty Analysis & Pro Formas. The key to every ‘deal’ begins with an accurate feasibility analysis and pro forma (PFA). This analysis includes all of the major pro forma FASB schedules, the supporting pro forma department budgets, occupancy/utilization schedules and revenue schedules. The purpose of these studies is to evaluate the existing impacts and opportunities of a project and the potential risks and rewards of the completed development. Marathon utilizes a time-tested approach in gathering this required information where it is then synthesized into a detailed presentation for dissemination to our clients.
Project Management. A carefully planned and organized effort to implement a structured schedule is necessary to ensure the development is executed according to plan. Project management services may include: Programming, Consultant Selection, Budget Analysis, Scheduling, Permitting, Planning, Bidding, and Contractor Oversight. Our team has assembled, managed and directed numerous teams of professionals through the development of numerous building types and communities throughout the entire western United States. Among our project management services, Marathon offers online 24/7 financial and managerial accounting services to our clients, facilitated by our newly implemented custom data base management system that assures real-time project reporting and financial accounting.
Financing. In today's capital markets, every real estate development project is best served by favorable terms for development financing. Marathon’s staff are a highly skilled resource in the facilitation and closing of public and private project level finance transactions that include deal structuring, sourcing and placement strategies using an array of financing components such as debt, equity, bonds, grants, low income and new market tax credits. Virtually all of Marathon’s non-profit developments require ‘layering’ of financing which involve these creative approaches. Marathon has secured project and operational funding, involving creative financing structures that include; taxable and tax-exempt revenue bonds, community development block grants, bridge and subordinated loans, special assessment districts, USDA RD, CFP, ACC revenue sources and tenants in common, limited partnerships and other joint venture structures.
Acquisition & Disposition. Our expertise in the full range of development issues, including debt financing and equity financing, enables us to anticipate all of the issues that may become pertinent in a particular disposition or acquisition transaction. At Marathon, we are able to provide useful input regarding the deal structure—to avoid delays in the pre-closing process and to avoid surprises after acquisition.
Project Close Out. Once the development has been completed, a project assessment is composed to derive any lessons learned and best practices to be applied to future projects. Project Closeout begins with a Post-Implementation Review. The review may start with a survey designed to solicit feedback on the project from the Project Team, Customers, Consumers and other stakeholders. Once feedback has been collected and evaluated, an assessment meeting is conducted to derive best practices and formulate lessons learned to inform future efforts.
Refurbishments. As a facility's life-cycle comes to an end; owners and operators must make critical decisions regarding capital improvements. Marathon's approach to refurbishment considers a broad life-cycle perspective where cost, investor expectations, building function and flexibility, security, occupant productivity and health, environment and social impacts are all considered collectively, and in the long-term.
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