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Due Diligence Services
Our team of experts provides accurate and reliable analysis to support important real estate decisions during and after the acquisition process. We partner with our clients to coordinate physical inspections and mechanical equipment audits; review records, contracts and leases; and perform tenant interviews and supply ownership with a property condition assessment, as well as a financial pro forma and five- or 10-year capital improvement plan.
Conduct initial inspection of the building and prepare preliminary inspection report with recommendations on operations, physical condition of major systems, deferred maintenance and a preliminary 5-year capital improvement schedule
Verify all expenses of operating the property have been reflected in the financial information provided by the seller
Compare expenses to comparable building data
Prepare initial stub-year and/or next fiscal year detailed operating and expense budget
Compare lease summaries with rent roll
Compare expense pass-throughs/CAM charges to operating statements
Our simple, straightforward transition strategy maintains continuity of all project operations, from notification of award through transition and contract start. Our main objective during the transition period is to evaluate the unique systems and operations at each asset and integrate them into Newmark Knight Frank with no service interruptions or degradation to mission operations.
Newmark Knight Frank is one of the only real estate management companies with full-time engineering services in house. Our experienced professionals ensure the highest level of customer service, as well as efficient operations and maintenance at all Newmark Knight Frank-managed buildings.
With our national engineering program, we ensure that our staff has the necessary tools, training and resources to provide superior service and value to our clients and tenants. Our engineering program consists of the following categories:
Our national operations and engineering team provides ongoing support and direction to the local engineering teams through training, technical support and quality control for each property across the country. The national operations team also provides the services of a local senior chief engineer to mentor and assist the local engineering staff in their day-to-day responsibilities, as well as with their long-term planning. What we do
Emergency power maintenance
Energy management support
Tenant service request response
Third-party vendor management
Our cost saving solutions
Audit mechanical systems and operations for operating efficiencies
Evaluate all existing maintenance-related building contracts
Investigate building systems, energy savings and rebates
Adhere to our national purchasing program
Project Management Services
Our Property Management Operations team provides strategic project planning, value engineering, quality assurance and on-time delivery of tenant and capital improvements for design, construction and relocation projects.
By partnering with Newmark Knight Frank, our clients have a single resource that provides project development representation and project management expertise on a variety of levels, regardless of the scope or difficulty. We always keep our client’s interest primary; in essence, we become an extension of your staff, working together to meet your toughest challenges.
We work on the following types of projects:
Here are just a few of the ways we are able to provide cost-savings to our clients:
Actively manage schedules and conflict resolution
Monitor and control construction costs
Provide consistent real-time reporting
Minimize construction and project risks
Labor & construction materials
Competitively pre-qualify contractors and bid all projects
Purchase materials in bulk and provide alternatives for consideration
Advise the client on retention of the most qualified project team
Understand overhead, profit and general condition rates to minimize costs
Architecture & engineering
Benefit from design-build options when possible
Utilize designers’ and engineers’ time wisely
Standardize service delivery expectations
Utilize costly resources only as required or needed