Tagor | Real Estate Management

Single asset exposures often require the identification and implementation of a real estate strategy

Capital and corporate level strategies should also be considered (including adding new capital)

Individual situations are dealt on a case by case basis

A tailored Work-out Management Agreement between our Operational Platform and the Bank is concluded based on the needs and requirements of the client.

Our work-out methods leading to value creation and improved recovery might include:

Workout Methods

Completing a development
Repositioning and/or re-development of the Asset(s)
Putting into place strategies that enhance the operational performance of the Asset(s)
Putting in place divestment strategies (i.e. involving “packaging” and placement) for Asset(s)
Simplifying the corporate structure to enhance control and facilitate multiple exit strategies (e.g. selling assets vs. shares, etc.)
Refinancing part or all of the current capital stack of the asset, it development and/or CAPEX funding
Reviewing original legal documentation and/or corporate governance structure for inconsistencies and legal recourse possibilities (if applicable)

Assessment

Identifying recovery strategies on asset, corporate and capital levels
Operational performance review and planning
CAPEX identification and costing
Corporate and financial review and modeling
Planning of exit strategies
Technical due diligence
Legal due diligence
Categorize and prioritize exposures
Business plan design and establishment of recovery targets

Restructuring

Capital restructuring
Sourcing of capital and negotiation of structures
Implementing operational restructuring
Marketing
Repositioning/concept
Local property management
Project management (e.g. CAPEX schedules)
Technical asset management
Cost management

Stabilization

Operational management and control
Day-to-day portfolio management
Local property management
Asset management services
Reporting to all stakeholders

Divestment

Choosing optimal divestment strategy
Prepare strategic marketing material, including multi-year operation and maintenance plans
Host and manage data rooms
Management of multi-party sales processes
Manage negotiation process
Supervise legal documentation