We approach value add development by identifying a unique set of criteria – properties that have not yet reached their full potential due to poor management, capital repairs or require corrective action – that achieves maximum value for our investors.

What is Value Add Development?

Value Add Development is the process of performing improvements on an asset with the goal of increasing its value. Value-add properties often require corrective action to reach their full potential value. These properties, while seen as riskier, offer better returns than standard, or “core” properties. Properties in this specific category potentially suffer from a host of issues, including deferred maintenance, low-market occupancy, lease rates falling below the area normal, and substandard facilities and equipment that’s in need of repair or upgrade.

 

Turner & McKiernan Value Add Development Strategy

Turner & McKiernan has the experience necessary to make the most of your asset. Renovations, management restructuring, re-branding of marketing efforts all are implementations that results in successful value add projects of ours. Turner McKiernan’s experience and knowledge of completing value add strategies have proven successful on numerous projects.

For the Owner-User of underperforming investor held property, we will:

• Develop a tailored strategy for you and underwrite the deal proving up the expected returns.
• Act as a consultant/partner in your deal.
• Raise outside capital to pay for construction expenses, capping your liability in the venture and locking in your equity stake.