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Real Estate Restructuring
Resolving operational challenges or addressing management gaps in real estate requires a specific approach tailored to the particular challenges and circumstances of the situation.
At PMA, we adopt proactive steps aiming at solving the said issues on the longer run. We assess every situation, engage in all necessary communication, review all legal and financial obligations and contracts pertaining to stakeholders, and conduct inspections.
We take appropriate measures to mitigate any imminent damage or risk. We work on rectifying the issues and setting up a financial restructuring which we monitor closely, and a long-term and strategic planning, thus preventing our client from any future relapse.
Services We Offer
Assessment of the Situation
- Conducting a thorough assessment of the situation, including reviewing financial records, property performance metrics, tenant feedback, and physical property inspection.
- If necessary, taking immediate steps to mitigate any immediate damage or risks.
- This could involve addressing urgent maintenance issues, resolving tenant complaints, or securing the safety and security of the properties.
Reviewing Contracts and Legal Obligations
- Reviewing existing contracts, leases, and legal obligations related to the properties to ensure compliance and identifying any potential liabilities or legal risks.
Identifying Root Causes
- Determining the underlying causes of the issues and addressing them properly to implement effective solutions.
Implementing Corrective Actions
- Developing and implementing corrective actions to address the issues identified.
- This may involve restructuring property management processes, improving financial management practices, and enhancing tenant communication and relations.
Financial Restructuring
- Developing a financial restructuring plan to improve cash flow management and restore financial stability to the properties.
Monitoring Progress and Performance
- Continuously monitoring the progress of the corrective actions implemented and tracking property performance metrics to assess the effectiveness of the solutions.
Long-Term Planning and Prevention
- Developing a long-term plan.
- This may involve implementing stronger oversight and accountability measures, improving risk management practices, and investing in ongoing training and development for property management personnel.
Engaging Stakeholders
- Communicating transparently with all stakeholders involved and providing regular updates.