Property Turnarounds

The case studies presented here include real estate turnarounds Matt Cravey has been involved in during the past decade as an individual professional, an investor or a real estate service company. These cases illustrate the skills and practices Matt has developed for commercial property owners facing complex situations.

In each case property income increased. Also, expenses were reduced or the quality of services provided to tenants were significantly improved without increasing the burden on the property owner's cash flow.

In cases where a sale has been closed or a bona fide offer tendered, the result was dramatic capital appreciation for the investors/owners.

A high level of professional standards is a consistent characteristic in the management and leasing practices of Matt and his staff. By design, his leasing and management practices are intended to build the owner's credibility and nurture better tenant relations. Tools used to accomplish this include use of standard forms, prompt response to problems, preventative maintenance, active programs to improve tenant relations and reinforcement of tenant pride by keeping property and grounds in good condition.

Marketing of all properties follows aggressive programs developed by Matt. These include the use of door-to-door solicitation, prospect identification and follow up, direct mail contracts, media exposure and targeted advertising programs.