Devco South provides its partners and investors with all the needed operational skills

In order to successfully profit from troubled real estate in difficult times such as these, it is wise to join forces with an experienced team that has the appropriate skill sets, expertise and track record to properly define and then execute the best business plan.


Instead of new ventures needing to hire local operations management and underwrite countless office expenses, whether progress is made or not, with Devco South the costs of these services are set in advance on a percentage basis.  This approach not only guarantees what the maximum expenses will be, but also that they will only be payable once milestones are attained.


As their track record shows, over the last 30 years, Devco South’s principals have earned their credentials in the South Florida market.  As it advances with different transactions, Devco South provides its partners and investors with all the needed operational skills:

Services

During the Acquisition Phase

  1. Deal sourcing, opportunity validation, market evaluation, assessment

  2. Cash flow analysis & profit projections

  3. Development of acquisition strategy, development of financing structure

  4. Negotiation management, acquisition process management

  5. Identification and validation of the co-investor group

  6. Organization of the partnership

  7. Development of deal structure

  8. Management of legal affairs for the property acquisition and the partnership documentation

During the Operation Phase

  1. Development and implementation of re-development, product repositioning, leasing, and/or value added strategies

  2. Hiring, supervision and coordination of property leasing

  3. Hiring, supervision and coordination of all property management

  4. Management of accounting, reporting, investor relations, and income tax filings

  5. Management of condo association relations

  6. Management of legal affairs, including the filing of revised condominium documentation required under Florida law

During the Disposition Phase

  1. Development and implementation of exit strategies

  2. Management of accounting, reporting, investor reimbursements, profit distribution and income tax filings

In projects where condo units are sold individually:

  1. Hiring, supervision and coordination of sales team and/or brokers

  2. Supervision and coordination of marketing efforts

  3. Management of unit pricing

  4. Negotiation of each distinct contract presented sales team

  5. Management of legal affairs required for each unit sale

  6. Review and execution of legal documentation for each closing

  7. Management of after-sales service and warranty work

  8. Management of after-sales condo association relations