Strategic Advisory, Transaction Due Diligence & Management

Combining deep industry expertise with unbiased analyses, FTI Consulting professionals provide unparalleled support for clients’ transaction and operations strategies. We help our clients make critical equity and debt investment decisions and preserve and enhance asset value.

 

 

Transaction Strategy, Acquisition Due Diligence & Management

The real estate professionals at FTI Consulting apply their in-depth understanding of real estate values, fundamentals and structuring alternatives to give public and private clients expert advice and support.

Our strategy, due diligence and management services include:

Strategy

  • Transaction structuring strategies and capital markets
  • Offering memoranda and investment books
  • Financial modeling

Due Diligence

  • Corporate-level M&A
  • Property-level, including site inspections
  • Working capital
  • Market assessments and valuations
  • Expense recovery analyses

Management

  • Negotiation of strategic issues and agreements
  • Closing statement preparation and/or review
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Valuations

Clients with properties ranging from single assets to major national real estate portfolios benefit from our in-depth understanding of real estate values and market dynamics. We assist in underwriting property cash flows for disposition or providing due diligence for third-party purchasers.

Our valuations services include:

  • Valuations
    • Real property appraisal and portfolio valuations and market leasing assumption analyses
    • REIT IPOs
    • Valuations for financing, corporate planning, and mergers and acquisitions
    • Valuations for financial reporting — ASC 820 (formerly FAS 157) and IFRS
    • Purchase price allocations — ASC 805 (formerly FAS 141)
    • Appraisal management and review
    • Partial interest valuations
    • Ad valorem tax analyses
    • Debt valuation
  • Market and marketability studies
  • Feasibility and highest and best-use studies
  • Financial modeling
  • Expert valuation testimony and litigation support

 

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Distressed Debt Acquisitions & Dispositions

FTI Consulting provides both sell- and buy-side distressed debt services to help investors maximize their returns. We also assist holders of distressed debt who need to prepare for and execute loan sales to meet regulatory, capital ratio, cash need or other objectives.  

For sellers, our services include:

  • Performing due diligence
  • Providing indicative pricing analyses
  • Advising on loan pool configuration and loan sales terms and conditions
  • Verifying information and assisting with closing transactions

For buyers, our services include:

  • Performing due diligence on loans, servicing histories and property collateral
  • Developing pricing analyses and sensitivities
  • Preparing cost of servicing analysis
  • Assisting with bid formulation, closing, transfer of servicing

 

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Operations Optimization

We develop a comprehensive operational strategy and implementation plan for clients that integrates people, processes and technology for urgent, mid- and long-term results. We help clients maximize every value point, from top-line revenue growth to bottom-line results.


Our strategy and planning services include:

  • Business plan development and underwriting
  • M&A integration
  • Market entry and brand positioning strategies
  • Interim management and crisis management teams
  • Turnaround and restructuring
  • Corporate social responsibility and sustainability program development

 

Our operations services include:

  • Business process re-engineering
    • Includes benchmarking and assessment, alignment of organization structure/human resource advisory, cost-containment and operating cost reduction plans, and workflow analysis
  • Strategic tax planning
  • Executive compensation planning
  • Financial outsourcing
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Portfolio Optimization

FTI Consulting works with clients to develop comprehensive asset and portfolio revaluation and repositioning strategies across all asset classes. We offer services in strategy, due diligence and underwriting, and implementation.

These include:

Strategy

  • Alternative-use scenarios
  • Analysis of tax positions
  • Long- and short-term hold-sell analysis
  • Asset improvement programming
  • Asset repositioning strategies
  • Transaction strategies and planning
  • Budgeting and capital planning
  • Acquisition and disposition strategies

Due Diligence and Underwriting

  • Current state analysis
  • Valuation/appraisal

Implementation

  • Financial outsourcing and interim management
  • Vendor contract analysis and request for proposal (RFP) management
  • Site inspections and assessments

 

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Development Advisory

We help clients manage relationships among investors, developers and public sector stakeholders to create and execute complex development projects.  We also help clients access capital and articulate the economic and business benefits of projects to satisfy investor and regulatory requirements.  

FTI Consulting helps clients with the key drivers for creating maximum project value. 

Our services include:

Strategy

  • Highest and best use
  • Land use
  • Economic and community development
  • Public benefits and capitalization

Feasibility

  • Project program and public policy review
  • Market and financial feasibility
  • Investment analyses

Transaction Support

  • Due diligence and underwriting
  • Valuation and appraisal
  • Economic and fiscal impact analyses
  • Public/private partnership structures
  • Project finance planning
  • Technical reports

Implementation

  • RFP responses
  • Construction management oversight
  • Outsourced accounting and tax analyses
  • Regulatory compliance
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Lease Consulting

Our lease consultants offer cost, process and risk control expertise to both tenants and landlords. In addition, our lease consulting services are an effective alternative to dedicated in-house services. 

We provide:

  • Tenant lease inspection services
  • Lease consulting for owners/developers
  • Lease language review services
  • Common area maintenance (CAM)/operating cost billings and reconciliation
  • Benchmarking and analysis of operating expenses
  • Expert testimony in landlord/tenant disputes
  • CAM, operating expense, tenant recovery structuring and strategies
  • Lease REIT compliance testing
  • Lease abstracting/data validation services

 

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Corporate Real Estate Strategy

Strategy Formulation and Integration for Operating Businesses That Own, Lease or Deploy Real Estate as a Strategic Business Asset.

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Lender Relationship Management

Evaluation of Strategic Alternatives for Investors to Manage Relationships with Debt Providers.

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Construction Project Management

The FTI Consulting team of respected industry experts serves owners, architects, engineers, contractors, construction managers and legal counsel. We focus on improving the delivery of construction projects across all segments and rely on well-proven processes and state-of-the-art project management technologies to improve collaboration among project stakeholders and optimize performance. For more information click here.

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Outsourced Accounting & Financial Reporting

We help our clients manage their finance and accounting functions with as-needed services or fully outsourced solutions. Our team is staffed by CPAs who have served as audit partners and CFOs and have an expert understanding of the real estate industry.

We become an integral part of our client’s team and supply expertise and value-added services in the following areas:

  • IPO preparation and planning
  • SEC reporting, including drafting of 10-Ks and 10-Qs
  • Financial statement preparation
  • External financial and management reporting
  • Accounting department oversight
  • Start-up assistance
  • Coordination and facilitation of annual audit and tax returns
  • Investor reporting and communications
  • International Financial Reporting Standards consulting
  • Interim CFO services
  • Assistance with investor presentations
  • Cash flow modeling
  • Budgeting, forecasting and variance analysis
  • Development and documentation of internal control policies and procedures
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Key Contacts
Ronald Greenspan Senior Managing Director, Co-Leader Real Estate Solutions
Corporate Finance
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Bruce Schonbraun Senior Managing Director, Co-Leader Real Estate Solutions
Corporate Finance
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Sue Brown Senior Managing Director
Strategic Communications
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