“Operators really need to be able to understand a project during due diligence and have the expertise to assess deferred maintenance and enhancement costs and scope to develop an accurate business plan and the skilled team to effectively execute on that plan throughout the asset hold period,” said CEO Sean Burton of Cityview, a Los Angeles-based multifamily developer and operator of workforce, attainable and market rate multifamily properties. Burton cites the need to preserve existing valuable assets at the property, understand the residents and their needs, and focus on the common area as a place for improvements.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.