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StoneCreek Partners / Posts tagged "acquisition due diligence" (Page 3)
Due Diligence for Shopping Center Acquisition

Due Diligence for Shopping Center

01.08.2016 Due Diligence Consultants, Experience with C-Store Fueling Stations, Malls and Shopping Center Consultants, Property inspection services

Due diligence for shopping center acquisition, the Phillips Edison & Company, Inc. (REIT) acquisition of Lakeside Plaza in Salem, Virginia.

 

StoneCreek Partners provided due diligence consulting in connection with buyer’s shopping center acquisition, including property inspections, Phase 1 environmental reviews, tenant lease confirms, and rent rollover analysis, for this grocery-anchored community shopping center.   Support of the buyer included preparation of tenant lease abstracts, estoppels, SNDA (subordination, non-disturbance and attornment) provisions, and a review of common area charges (CAM) and vendors, among due diligence items.

 

Tenancies at Lakeside Plaza shopping center included a typical roster of anchor and inline retail tenants.   The due diligence for this shopping center acquisition included co-tenancy considerations with regard to an on-site Kroger Fuel Center (a branded c-store gas station) albeit with limited convenience store offerings.

 

Salem is an independent city in Virginia adjacent on the east with the city of Roanoke (Virginia).  The city is located in southwestern Virginia in a scenic setting along the Blue Ridge Mountains  The shopping center is located at 161 Electric Road, Salem, Virginia 24153.

 

Phillips Edison & Company, Inc. (Cincinnati) is an internally-managed real estate investment trust (REIT), one of the largest owners and operators of grocery-anchored shopping centers in the U.S.  The company has purchased and managed more than 300 grocery-anchored shopping centers throughout the U.S.

Feasibility and Due Diligence Consultants - Transaction Consultants and Negotiators

Hotel Portfolio Due Diligence

24.08.2012 Due Diligence Consultants, Project Consultants for the MENA Region, Project Consultants for Tribes and First, Property inspection services, Transaction and Dealmaking Projects

We provided hotel portfolio due diligence for a group of Hyatt Regency hotels located in Saudi Arabia, each of which has since been reflagged.   As due diligence consultants’ our work was performed as part of the global real estate asset management practice at Newfield Enterprises International (a family office).

 

The engagement involved a portfolio of existing Hyatt Regency hotels operating in Saudi Arabia, for potential portfolio acquisition by client.  Each of the portfolio hotels was luxury class and in superb locations within their separate trade areas.   The due diligence report included an evaluation of competitive hotels, management contract review, and an analysis of each facility’s sales and operating history.  Departmental staffing and profitability and 10-year EBITDA projections were also prepared, as part of the work.

 

One of the hotels (shown in accompanying photo) has since been re-branded as a Radisson Blu).  The other portfolio hotels have also since been rebranded.

 

The hotel portfolio due diligence was prepared for Al Anwae Trading Est. (Riyadh), a family office.   Along with Al Tameer Trading Est. (Jeddah), the two family trading companies owned Newfield Enterprises International as an extension of their respective family offices.

government and public sector consultants - Transaction Consultants and Negotiators

Transaction Due Diligence – Queen Mary & Mary’s Gate Village

19.08.1982 Public Sector Work, Themed Entertainment Consultants

Port of Long Beach   |   Financial evaluation of buy-out transaction, related to the Wrather Corp.  This assignment was one of the first professional engagements of our firm’s co-founder, back in the day.   The work included an extensive review of operating results for the Queen-May hotel, Mary’s Gate Village, and ship visitor attractions.   The Port was interested setting pricing benchmarks for a negotiated lease buy-out settlement with the concession operator.

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