Turning potential into reality.
DeBartolo Development brings a systematic value-added approach to each aspect in the investment cycle – from sourcing opportunities and financing to the final phases of management and ultimate disposition of the assets. Whether the project is a ground-up development or a value-added property, DeBartolo Development combines 60-years of wisdom and experience with world-class real estate industry professionals that cover every discipline to ensure efficient execution through all phases of development.
Project Sourcing
Opportunities are sourced through DeBartolo Development’s significant referral network, as well as from unknown parties who seek out the DeBartolo brand based on its reputation, industry relationships and experience. The Manager has classified the following Project sources including:
• Lenders
• Brokers
• Retailers
• Property Owners
Due Diligence and Selection
The volume of real estate projects that DeBartolo Development evaluates monthly makes it essential to have streamlined pre-acquisition site, market and financial feasibility analyses. Initial screenings are performed with the goal of identifying and eliminating from consideration opportunities that do not meet certain minimum requirements. DeBartolo Development has created a list of criteria which make up the minimum characteristics of a prospective property to warrant further review and to filter prospective opportunities. Properties successfully passing through this phase enter an extensive pre-acquisition review, the goal of which is not only to assess acquisition value, but also to commence ownership and management activities with a thorough understanding of the asset.
Acquisition
During the underwriting process, DeBartolo Development will attempt to vet all of the potential issues surrounding the property and formulate a clear strategy to maximize the value of the investment. The goal of this process is to position the ownership to quickly and efficiently implement value-added strategies.
Construction/Leasing
The DeBartolo Development construction team is actively involved during the underwriting and acquisition phases of a property, during which time the financial assumptions pertaining to construction costs and schedule are vetted by the construction team. After the property is acquired, the construction team refines the pre-acquisition budgets and schedules and assembles a construction bid package.
DeBartolo Development believes that the retail real estate industry is not just knowing where and what to build, but rather it is also about constructing positive relationships with the people behind the bricks and mortar. As such, DeBartolo Development and its management team have established extensive relations with many of the nation’s leading retailers. Senior management has been directly involved in lease transactions with a large number of major national tenants, including WalMart, Macy’s, Saks, Dillards, JC Penney, Target, Home Depot, Lowe’s, Publix, Office Depot, Staples, Kohl’s, CVS, Circuit City, Walgreens, Bed Bath & Beyond, Toys R' Us, Ross Dress for Less, Best Buy, Linens & Things, PetsMart, Michaels Crafts and many others. Locally and nationally, many tenants prefer DeBartolo Development’s highly experienced management team which has demonstrated the ability to help tenants find and build exactly to their criteria, efficiently and economically.
Asset Management
DeBartolo provides specialized solutions to troubled financial principals and institutions in the field of Asset Management. With a wealth of powerful anchor and major-tenant relationships as well as development services, DeBartolo can evaluate projects and provide targeted solutions to maximize value and minimize costs on projects of varying sizes and scopes nation-wide. DeBartolo Development will leverage its core competencies to add value to the projects we manage every day. Our Asset Management services include property analytics and underwriting, demographic studies, recapitalization strategies, rehabilitation and development, targeted leasing initiatives, coordination with local and state governments to provide economic incentives to our clients, asset disposition strategies, and coordination with our on-site property management teams.
Disposition
With DeBartolo Development’s proprietary database of more than 18,000 potential buyers of real estate assets, the company expects to have the ability to quickly locate buyers in any type of market conditions. Prior to disposition, DeBartolo Development will assess the market to determine the right buyer for the asset in light of prevailing market conditions. The Manager will attempt to actively match targeted property types with potential buyers, domestically and internationally, public and private, for the greatest possible reach to generate the highest possible returns with the best execution.
