You can’t do it all. Your business and portfolio are growing and there are numerous “opportunities” in the market yet there just aren’t enough hours in the day to work though deal packages, market your company, and keep things running smoothly at the office.
You have a hard-earned reputation for responsiveness to the market and attentiveness to your investors. Your team is doing a great job staying on top of things but only through too many fire drills and overtime. You are concerned that it is only a matter of time before balls could begin dropping. The challenge is that you don’t have the time to address your concerns.
Working with you and your team, LPA will execute your business strategy(ies) and plan(s)at the company, portfolio or property levels.
Having a good strategic plan creates focus. LPA will ensure that the required steps to execute the plan are identified, clear, assigned and tracked to completion.
With LPA’s assistance, your team can concentrate on executing your plan, and knowing the position they play are better able to contribute to the business’ success.
Situation: Nationwide owner/operator had grown rapidly through acquisitions leading to a portfolio that was suboptimal. To position the company for maximum profitability the portfolio needed to be rebalanced and internal resistance overcome.
Action: Developed a methodology to objectively assess each property’s long-term strategic fit in the portfolio. Facilitated internal discussions to debate and concur on individual property strategies. Led execution to realign individual properties with long-term business strategy.
Results: 1) Business development team deployed with a clear focus on the profile of go-forward assets and construction team operating with clear list of properties to be upgraded; 2) Stable but lower returning assets placed in strategic JV’s with institutional investors freeing capital for growth while maintaining management fees and operational efficiencies; 3) Non-strategic assets sold to operators for whom they were a better fit generating significant profit to redeploy into growth assets.
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