Focus On Expanding Our Advisory Services Platform
With DWC’s long heritage working on complex real estate matters on a national basis, the current focus to expand our advisory services platform is a natural evolution for the firm. Our clients have varied over the years and have included family offices, REITs, private foundations, banks, special servicers and private equity firms. Upon historic review, we have found that the following three areas are at the center of most assignments.
The ability to navigate the increasingly complex process of securing and/or preserving entitlements is the foundation of any real estate project. Great value is created (especially in California) when entitlements are approved which is typically a long process that combines the ability to manage a process that often involves a dozen different city, county and federal agencies. Additionally, local planning groups are often a key part of the process as their support helps on all levels from staff support to political endorsement.
There are few projects that do not have some form of environmental issue. This is particularly relevant on urban properties that are in the path of new development. Our extensive experience with coordinating the proper professionals to evaluate an environmental situation and devise and monitor the appropriate remediation plan continues to be an active part of our advisory services.
An active part of the majority of our assignments has been the ability to coordinate the variety of governmental agencies that are often involved in our assignments. Understanding how to deal with the various agencies requires the ability to respect their process but to remain focused on achieving the desired end result.
For additional information on DWC’s Advisory Services, please contact Douglas Wilson.