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Currently the economy of the United States is struggling through a deep and painful recession. The recession has had an impact on virtually every business sector, every business type, every individual business and every business person. Obviously, the multi-family residential real estate market and the commercial real estate market have been similarly impacted. It has been a time of mixed demand, credit and debt reductions, staff reductions and job loss, rental rate reductions and increased rental delinquencies.
It has also necessitated that many real estate investment companies reduce or eliminate much of the infrastructure upon which they have relied upon over the past decade. These realities do not obviate the need for quality analysis, action to modify property business plans and portfolio business plans, to restructure operations and to modify, refinance or restructure debt.
The question becomes upon whom does a company rely to do this work? In most cases, senior management lacks the time to address these issues. Frankly, they are too busy running the company, and keeping it going, to stop and take the time to do the detailed analysis necessary to determine how these issues and problem get addressed and solved.
It is here that PARADIGM can provide a valuable corporate tool., PARADIGM will review a company property, or a portfolio of properties, to determine if the current business plan, property management plan, market, equity structure and debt structure remain appropriate in the current market. We will evaluate what is working and what is not, provide concrete recommendations for change and, if desired, the ability to work with management to implement these modification. |
