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| VILLAGES OF ADDISON - Case
Study |
Mission
- Take over a building that had been vacant for five years due to construction
and environmental issues.
- Coordinate the lease up effort to stabilization while undergoing major
renovation.
- Overcome historical property stigma.
- Communicate operational issues with investor partners, lending partners and
ownership.
- Assist ownership with development of the operational marketing strategies
and business plan.
Results
- The property leased up to 95% in 14 months.
- Achieved significantly higher than proforma rental rates.
- Positioned property as a Class "A" market leader.
- Property was sold to an institutional buyer that retained Trinity Property
Consultants for ongoing management services.
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