The Members of Value Recovery Partners are are privileged to announce that the Central Park of Gahanna project recently received special recognition from the National Association of Industrial and Office Properties (“NAIOP”) for the “Most Creative Deal Structure”. The award was presented at the December 6, 2007 annual awards gala of the Central Ohio Chapter. The project was recognized by NAIOP to have, " ...demonstrated a genuine uniqueness in approach, execution, complexity, structure of financing, development/investment creativity, utilization of economic incentives, unique public participation, and resulted in a positive impact to surrounding development and the community." |
With the experience and expertise to manage both large and small projects, Value Recovery Partners, VRP, can tackle complex issues that may involve such impediments as environmental contingencies, litigation and perhaps other impediments to development. VRP leverages from its vertically aligned, multidisciplinary and integrated team of professionals from the fields of asset management, law, environmental and other engineers, grant writers, real estate professionals, economic development experts and risk managers. VRP uses its project management skills and provides innovative, cost-effective solutions under productive and undervalued properties, where our "Value Recovery" skills and resources can make the biggest differences. We seek to liberate challenged real estate from their entanglements and take the requisite best steps to increase each property’s value. We are comfortable with performing the steps necessary to liberate and then develop mothballed properties. Many of these types of properties are commonly known as Brownfields. VRP starts each project with an in depth knowledge of market and other trends and factors potentially affecting such a project. Our approach and end product in the issue identification phase is to have as much mastery as possible of the real estate dynamics, the local and regional economy, the financial feasibility and potential outcome, and the political considerations. We can work with our public and private clients through or any of each phase. We would also consider a partnership of sorts with our clients, where fees can be replaced with equity in whole or in part. We look forward to discussing how we can assist
you with your environmental challenges. |
