Asset Management
The primary objectives of asset management is to support owners of real estate in achieving their investment objectives, achieved through superior operational and financial performance.
Elevante Consulting provides asset management services to owners, investors, banks and government to name but a few stakeholders, for their property portfolios, from residential to commercial, hotels and mixed-use developments.
Asset management services may be required for a variety of reasons, such as the owners lack of industry specific know how, legal or statutory requirements, a specific turn-around case due to poor performance, or simply the peace of mind that a specialist representative acts on behalf of the owner.
Typical services performed during our engagement may include:
- Preparation of an asset management plan
- Operational reviews
- Preparation of profit improvement plans
- Owner representation in operational management meetings & report back
- Assessment, and if necessary, enhancement of capital expenditure controls
- Preparation and/or review of strategic capex plans
- An evaluation of customer feedback and monitoring the mitigating actions plan
- An appraisal of operational efficiencies to drive further cost savings
- An assessment of revenue generation channel management practices
- An examination of commission structures
- Annual Operator Budgeting reviews
- KPI analysis and benchmarking
- Review of debtor and creditor days and balances
- Lease/rental negotiations
- Creation of succinct owner KPI dashboards
- Identification of major risks, agreeing and monitoring controls to mitigate risks
- Financing structure analysis and recommendations
- Participation in board meetings