Asset Strategy
Decide What To Keep, What To Change, And What To Let Go
Every portfolio carries assets that are quietly working, assets that are quietly failing, and assets nobody has looked at closely in years. An asset strategy engagement sorts them — using your own documents as the evidence base, not a broker’s opinion of value or last year’s spreadsheet.
What The Engagement Covers
- Asset management plan
- The governing document: what you own, what condition it’s in, what it costs to hold, and what the next five years look like per asset.
- Portfolio strategy
- The same question one level up. Concentration, exposure, and which assets are carrying which risk.
- Hold, reposition, or dispose analysis
- Per asset, with the numbers behind each recommendation and the threshold at which it flips.
- Document intake and reconciliation
- Turning the drawer of PDFs into a portfolio record where every field has a source.
The Step Most Firms Skip
Intake is the part most firms skip and most clients dread. We don’t ask for a clean dataset. We take appraisals, rent rolls, operating statements, closing statements, purchase agreements, and condition reports as they are, extract the fields, and resolve the disagreements between them on the record.
That matters more than it sounds. A portfolio’s purchase price, square footage, and NOI often appear in four documents with three different values. Deciding which one is right — and recording why — is the difference between an analysis you can defend and one you can only present.
Scroll to follow the lineage →
The lineage behind a hold-or-dispose call — four document types resolving into the value, income and debt terms the model runs on.
Hold / Reposition / Dispose
Base Case IRR
24.7%
Equity Multiple
6.35x
Disposition Value
$44.7M
@ 6.0% cap
Avg Cash-on-Cash
16.7%
Assumptions
10-Year Cash Flow Projection
Hold (10yr)
24.7% IRR
$32.9M terminal value
Sell Now
$23.7M
Year-0 NOI / 6.0% cap
What You Get
- Asset management plan
- Per-asset condition, cost, and five-year outlook, with a provenance appendix listing every value and its source.
- Disposition analysis
- Hold, reposition, or dispose per asset, with the reasoning and the sensitivity around each call.
- Portfolio record
- The reconciled dataset itself — yours, exportable, re-runnable.
Cash Flow Waterfall
Gross Potential Rent
$201,600
Less: Vacancy
($10,080)
Effective Gross Revenue
$191,520
Less: Operating Expenses
($66,960)
Net Operating Income
$124,560
Less: Debt Service
($82,800)
Cash Flow Pre-CapEx
$41,760
Less: Capital Outlays
($18,000)
Cash Flow After CapEx
$23,760
Cap Rate
6.8%
DSCR
1.50x
Cash-on-Cash
5.2%
OpEx Ratio
35%
Where This Comes Up
Asset management plans are a standing requirement for public agencies and a board expectation for institutional owners. They also tend to be the precondition for everything else: a capital plan built without current condition data is a wish list, and an impact fee study needs a defensible asset base.
Facility Condition Assessment
Condition and deferred maintenance across every building you own, scored to a Facility Condition Index you can act on.
Capital Planning & Compliance Reporting
A five-year plan with a disclosed ranking model behind it, and the GASB and FCA reporting your auditor and your board expect.
Tell Us What You Own
Most engagements start with a portfolio list and a deadline. That’s enough to have a useful conversation.
Contact Us