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VRP is well positioned to assist any public, non-profit or private company with their site and property needs. We typically bring the most value to our clients when enlisted early in the process and are engaged for full-service project management responsibility. We catalyze our clients with the joint development of a shared vision and plan, and we provide that entrepreneurial push to get the most out of each property at the optimal price and at the right pace. VRP focuses on the total solution, both proactively and comprehensively.
Brownfield Remediation Management VRP recognizes the complexity of developing any scale project from a small former gas station site to high profile, large scale projects. Whatever the nature of the distressed property, if a clean up can be done, we can do it. We provide long-lasting and permanent solutions to the myriad of environmental and other challenges affecting real estate. Our goal is to eliminate or mitigate environmental risk through the combination of clean-up efforts, property enhancement tools and technologies and the use of effective institution controls. Economic Development VRP provides real estate and economic development advisory services, project development management services, grant writing, incentive negotiation services, as well as site selection services. VRP specializes in assisting our clients through often some of the most complex economic and real estate challenges. Since we serve so many public clients over the years, we view ourselves as their “proxy”. Hence, our clients’ needs and concerns are foremost in our thinking and approach. We have several former Ohio, Indiana and Virginia state development specialists in our employ. With their help and leadership, we have an unparalleled ability to identify and secure public and other non-private funding for projects we undertake with our clients. We know it is critical to manage effectively and profitably the ever-changing business, political and economic environments that impact our projects. Therefore, we hire the best in these fields, leaders who know how to get things done and who have extensive relationships with industry and government. VRP’s Advisory Services Division on a fee for services basis and clients have access to our consultants, engineers, lawyers and asset managers. Please consider us when you need help. We will provide the first few hours of consultation free. Such services include:
Real Estate Portfolio Management & Disposition of Assets VRP’s heritage and distinct competencies have been built on managing and disposing of large portfolios of distressed real estate and loans securing real estate. During the decades of the 80’s and 90’s, we managed and liquidated billions of dollars (GBV) in real estate and other financial assets. For the Resolution Trust Corporation, RTC, we managed a $300 million portfolio under contract. In another partnership with the RTC, we managed and disposed of 65 properties. The RTC ranked us number one in performance (return, cost to collect). We have continued with this pace and built this organization and it’s portfolio of clients and properties. Managing and disposing of distressed, environmentally challenged and mothballed properties is what we do well. The VRP organization has the resources to leverage talent at all levels for your projects. Public Land Bank Management Because VRP has 25 years of experience, we excel at constructing and managing public/private partnerships for the revitalization and liberation of distressed properties. Public bodies generally do not hold properties unless it is for public purpose. We look for the best ways and structures to hold properties. These structures range from leaving ownership where it currently resides to utilizing a non-profit entity to hold title or any other entity to take title that provides for maximum flexibility, mitigation or elimination of liability, and the best access to capital/loans. Real Estate Portfolio Management VRP helps private companies with the remediation, repositioning, and redevelopment of their vacant and underutilized properties. Consolidation of plants and facilities that have become obsolete often results in the need to dispose of some properties, some which may have environmental contamination. The conventional solution of listing the properties with commercial brokers can be compromised by the liability and costs associated with the environmental clean-up. There are many issues to consider and manage, such as:
VRP addresses these complex issues with customized solutions. VRP can be a mediator and facilitator for the parties to reduce friction and to catalyze cooperation for implementing redevelopment solutions. There are four structures under which VRP can implement these solutions for private companies.
Redevelopment VRP professionals are dedicated to the revitalization and redevelopment of distressed properties. VRP, working in partnership with public agencies or community development organizations, performs necessary environmental remediation and transforms distressed property into productive real estate. VRP´s members include companies that provide expertise in core environmental sciences, real estate, economic development and site management. This unparalleled team of specialists work with local stakeholders, and help to protect sellers, future owners and communities from the immense risks and liabilities associated with environmentally impaired property or the risks associated with the "unknowns" of any brownfield or urban redevelopment project. Working with all levels of government – federal, state, county and municipal – VRP has adopted a set of government-approved approaches and product offerings and pricing structures that are unique in the United States. Our extensive asset management capabilities provide solutions for underproductive properties. We effectively leverage financial and other assistance from the private and public sectors, while maximizing net magins and asset values. We are very mindful that while working with our public clients there both is, and should be, an objective to target projects with the expectation of job creation, and returning idle properties to a taxable status and productive use. Flexible Compensation VRP also works on a traditional contractual fee or project fee basis. We will consider a variety of compensation plans tailored to our clients’ situation. We work on number of projects on a percentage of net-proceeds or percentage of equity basis. We know full well that our clients want to limit liability, achieve positive economic impacts, create jobs, and increase the value of their property, thereby improving the community. With our public clients, we offer the choice of a number of business models. One such structure is serving as the exclusive land managers for non-profits that are established to do projects as well as community redevelopment. We advise our clients on the right organizational structure from the beginning of the relationship, starting with a vision in mind. Please, talk to any one of our VRP representatives and ask them about our approach, our structure or any issue relating to your challenges and needs. Contact Us What Makes VRP Different
Available Sites: Click on "Available Sites >" on the left side menu to see some available sites for your development planning. If you don’t see what you are looking for, let us know your requirements. We may have an ideal project near completion.
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